Company: RVRC
Filing Date: 2025-08-13
Form Type: S-1/A
Source: 0001213900-25-075747
Chunk: 199

Company: Revium Rx.
Filing Date: 2025-08-13
Form: S-1/A
Chunk 199
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 the yield from U.S. treasury bonds with an equivalent term. The Company has historically not paid dividends
and has no foreseeable plans to pay dividends. As a result, the dividend rate was zero.

| n. | Accounting pronouncement recently adopted |

In February
2016, the FASB issued ASU 2016-02 “Leases” to increase transparency and comparability among organizations by recognizing lease
assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. For operating leases, the
ASU requires a lessee to recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments,
on its balance sheet. The ASU retains the current accounting for lessors and does not make significant changes to the recognition, measurement,
and presentation of expenses and cash flows by a lessee.

Effective January
1, 2022, the Company adopted the new lease accounting standard. The Company elected to apply the practical expedients permitted under
the transition guidance within the new standard. As such, there was no impact on the Company’s financial statements as a result of adopting
ASU 2016-02.

In June 2016,
the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) No. 2016-13, Financial Instruments – Credit
Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which replaces the existing incurred loss impairment model
with an expected credit loss model and requires a financial asset measured at amortized cost to be presented at the net amount expected
to be collected. The guidance was effective for the Company beginning January 1, 2023, and interim periods therein. The implementation
of ASU 2016-13 didn’t have material effect on its consolidated financial statements and related disclosures.

In December
2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which simplifies the accounting
for income taxes by removing a variety of exceptions within the framework of ASC 740. These exceptions include the exception to the incremental
approach for intraperiod tax allocation in the event of a loss from continuing operations and income or a gain from other items (such
as other comprehensive income), and the exception to using general methodology for the interim period tax accounting for year-to-date
losses that exceed anticipated losses.

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