Company: KVACU
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043269
Chunk: 3

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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4 

    Ordinary shares  
    Accumulated
    other
comprehensive  
    Accumulated  
    Total
 shareholders’ 

    No. of shares  
    Amount  
    income (loss)  
    deficit  
    deficit 

    Balance as of January 1, 2024 
     4,416,075  
    $442  
    $1,521,171  
    $(3,659,998) 
    $(2,138,385)

    Transfer to realized loss on available held for sale securities 
     -  
     -  
     (1,521,171) 
     -  
     (1,521,171)
  
    Accretion of carrying value to redemption value 
     -  
     -  
     -  
     (2,011,447) 
     (2,011,447)
  
    Net income 
     -  
     -  
     -  
     3,266,193  
     3,266,193 

    Balance as of March 31, 2024 
     4,416,075  
    $442  
    $-  
    $(2,405,252) 
    $(2,404,810)

See accompanying notes to unaudited condensed consolidated
financial statements.

F-4

KEEN VISION ACQUISITION CORPORATION

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF CASH FLOWS

    Three Months Ended
 March 31, 

    2025  
    2024 
  
    Cash flows from operating activities: 

    Net income 
    $568,171  
    $3,266,193 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Interest income earned in cash and investments held in trust account 
     -  
     (2,043,965)
  
    Dividend income earned in cash and investments held in trust account 
     (739,504) 
     (1,488,653)
  
    Changes in operating assets and liabilities: 

    Prepayment 
     (62,860) 
     84,362 
  
    Accrued expenses 
     (74,013) 
     28,