Company: FVN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001829126-25-005949
Chunk: 36

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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    ●
    Could materially affect our financial results if actual results differ
        from those estimates. 

Management regularly evaluates these estimates based
on historical experience, current conditions, and other factors. However, actual results could differ materially from those estimates.

The critical accounting estimate determined by the
Company is as follows:

Fair Value of Financial Instruments

ASC Topic 820 “Fair Value Measurements and Disclosures”
defines fair value, the methods used to measure fair value and the expanded disclosures about fair value measurements. Fair value is the
price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between the buyer and the seller
at the measurement date. In determining fair value, the valuation techniques consistent with the market approach, income approach and
cost approach shall be used to measure fair value. ASC Topic 820 establishes a fair value hierarchy for inputs, which represent the assumptions
used by the buyer and seller in pricing the asset or liability. These inputs are further defined as observable and unobservable inputs.
Observable inputs are those that buyer and seller would use in pricing the asset or liability based on market data obtained from sources
independent of the Company. Unobservable inputs reflect the Company’s assumptions about the inputs that the buyer and seller would
use in pricing the asset or liability developed based on the best information available in the circumstances.

The fair value hierarchy is categorized into three
levels based on the inputs as follows:

    ●
    Level 1 - Valuations based on unadjusted quoted prices in active markets for identical
        assets or liabilities that the Company has the ability to access. Valuation adjustments and block discounts are not being applied. Since
        valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these securities does
        not entail a significant degree of judgment. 

    ●
    Level 2 - Valuations based on (i) quoted prices in active markets for similar assets
        and liabilities, (ii) quoted prices in markets that are not active for identical or similar assets, (iii) inputs other than quoted prices
        for the assets or liabilities, or (iv) inputs that are derived principally from or corroborated by market through correlation or other
        means. 

    ●
    Level 3 - Valuations based on inputs that are unobservable and significant to the overall
        fair value measurement. 

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The fair value of the Company’s assets and liabilities,
which qualify as financial instruments under ASC Topic 820 approximates