Company: EMCRF
Filing Date: 2025-12-10
Form Type: 10-Q
Source: 0001493152-25-027065
Chunk: 22

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-12-10
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 effective, accounting pronouncements, if currently adopted, would have a material
effect on the Company’s unaudited interim consolidated financial statements.

Concentration
of Credit Risk

Financial
instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution
which, at times may exceed the Federal depository insurance coverage of $250,000. As of September 30, 2025, the Company had not experienced
losses on this account and management believes the Company is not exposed to significant risks on such account. As of September 30, 2025
and December 31, 2024, the Company had $5,431 and $66,985 cash, respectively, held in operating bank account.

Net
Income (Loss) Per Share

Net
income (loss) per share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding for the
period. The calculation of diluted income (loss) per share does not consider the effect of the warrants issued in connection with the
Initial Public Offering (the “Public Warrants”) and warrants issued as components of the Private Placement Units (the “Private
Warrants”) since the exercise of the warrants are contingent upon the occurrence of future events. As a result, diluted income
(loss) per share is the same as basic income (loss) per share for the periods.

The
following table reflects the calculation of basic and diluted net income (loss) per ordinary share:

Schedule
of Basic and Diluted Net Income (Loss) Per Share

 SCHEDULE OF BASIC AND DILUTED NET INCOME (LOSS) PER SHARE

    For the three months ended September 30, 2025  
    For the three months ended September 30, 2024  
    For the nine months ended September 30, 2025  
    For the nine months ended  September 30, 2024 

    Net income (loss) 
    $18,447  
    $227,631  
    $(169,811) 
    $1,212,138 
  
    Denominator: weighted average number of ordinary shares 
     3,379,946  
     6,129,379  
     4,135,822  
     6,988,761 
  
    Basic and diluted net income (loss) per ordinary share 
    $0.01  
    $0.04