Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 200

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 200
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,852        ( 1,469,225  
  Net (loss) income                                                               ( 7,419,412          9,750,046          7,903,611  

The Company does not distinguish between markets
or segments for the purpose of internal reporting. The Company’s long-lived assets are all located in the PRC (including mainland
China and Hong Kong) and substantially all of the Company’s revenues are derived from the PRC (including mainland China and Hong
Kong). Therefore, no geographical segments are presented.

F-18

ABLE VIEW GLOBAL INC.

2. SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES(cont.)

Recently adopted
accounting standards

In August 2020, the FASB issued ASU 2020-06, Debt
 - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity
(Subtopic 815 - 40), (“ ASU 2020-06”). ASU 2020-06 simplifies the accounting for certain financial instruments with characteristics
of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. We adopted ASU 2020-06 on
January 1, 2024. The adoption of ASU 2020-06 did not have a material impact on our consolidated financial statements and disclosures.

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic ASC 280) Improvements to Reportable Segment Disclosures(“ ASU 2023-07”). The ASU improves
reportable segment disclosure requirements, primarily through enhanced disclosure about significant segment expenses. The enhancements
under this update require disclosure of significant segment expenses that are regularly provided to the CODM and included within each
reported measure of segment profit or loss, require disclosure of other segment items by reportable segment and a description of the composition
of other segment items, require annual disclosures under ASC 280 to be provided in interim periods, clarify use of more than one measure
of segment profit or loss by the CODM, require that the title of the CODM be disclosed with an explanation of how the CODM uses the reported
measures of segment profit or loss to make decisions, and require that entities with a single reportable segment provide all disclosures
required by this update and required under ASC 280. The Company adopted ASU 2023-07 for the annual period