Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 97

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 8
Chunk 97
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 the earnings
per share calculation. Net income per ordinary share is computed by dividing the pro rata net income between the redeemable shares and
the non-redeemable shares by the weighted average number of ordinary shares outstanding for each of the periods. The calculation of diluted
income per ordinary stock does not consider the effect of the warrants issued in connection with the Initial Public Offering since the
exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive.

The following table reflects
the calculation of basic and diluted net loss per ordinary share (in dollars, except share amounts) for the three months ended March 31,
2025 and March 31,2024:

    For the Three Months Ended March 31, 

    2025  
    2024 

    Class A
Ordinary Shares, Redeemable  
    Class A  Ordinary Shares, Non-Redeemable  
    Class A
 Ordinary Shares, Redeemable  
    Class A  Ordinary Shares, Non-Redeemable 
  
    Basic and diluted net loss per ordinary share 

    Numerator 

    Allocation of net loss 
    $(395,690) 
    $(3,281,208) 
    $(1,270,470) 
    $(978,791)
  
    Denominator 

    Basic and diluted weighted average shares outstanding 
     520,056  
     4,312,500  
     5,597,624  
     4,312,500 

    Basic and diluted net loss per ordinary shares 
    $(0.76) 
    $(0.76) 
    $(0.23) 
    $(0.23)

 16

Income Taxes

The Company complies
with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which requires an asset and liability approach
to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between
the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted
tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are
established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

ASC Topic 740 prescribes
a recognition threshold and a measurement attribute for the financial statement