Company: BCAR
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001829126-25-007047
Chunk: 10

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 shares and warrants, using the residual method by allocating Initial
         Public Offering proceeds first to assigned value of the warrants and then to the Class
         A ordinary shares. Offering costs allocated to the Class A ordinary shares subject
         to possible redemption were charged to temporary equity, and offering costs allocated
         to the warrants included in the Public Units and Private Units were charged to shareholder’s equity as the warrants, after management’s evaluation, were accounted for under equity treatment. As of August 1, 2025, the Company had offering costs of $3,582,634, consisting of $2,419,400 of
         the Representative Shares (discussed in the below) and $1,163,234 of other offering
         costs. Approximately $143,775 of such costs were allocated to the Public Warrants
         and the Private Placement Units and the remainder, approximately $3,438,859 was allocated
         to Class A ordinary shares subject to redemption.
       
      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 recognition and measurement of tax positions taken or expected
         to be taken in a tax return. For those benefits to be recognized, a tax position must
         be more-likely-than-not to be sustained upon examination by taxing authorities. The
         Company’s management determined that the British Virgin Islands is the Company’s major tax jurisdiction. The Company recognizes accrued interest and penalties related
         to unrecognized tax benefits, if any, as income tax expense. There were no unrecognized
         tax benefits as of June 30, 2025 and no amounts accrued for interest and penalties. The Company is currently
         not aware of any issues under review that could result in significant payments, accruals
         or material deviation from its position.
       
      The Company is considered to be a B