Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 552

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 552
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 (492,605 | ) |     | $              |  (153,693 | ) |     | $                   | - |     | $              |    (2,091 | ) |
| Accretion of redeemable ordinary  
 shares to redemption value        |     |                    | 1,100,598 |   |     |                |         - |   |     |                     | - |     |                |         - |   |
| Allocation of net income          
 (loss)                            |     | $                  |   607,993 |   |     | $              |  (153,693 | ) |     | $                   | - |     | $              |    (2,091 | ) |
| Denominators:                     |     |                    |           |   |     |                |           |   |     |                     |   |     |                |           |   |
| Weighted-average ordinary shares  
 outstanding                       |     |                    | 5,750,000 |   |     |                | 1,794,000 |   |     |                     | - |     |                | 1,250,000 |   |
| Basic and diluted earnings (loss) 
 per share                         |     | $                  |      0.11 |   |     | $              |     (0.09 | ) |     | $                   | - |     | $              |     (0.00 | ) |

Income Taxes

The Company accounts for income taxes under ASC
740 Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected
impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit
to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when
it is more likely than not that all or a portion of deferred tax assets will not be realized.

ASC 740 also clarifies the accounting for uncertainty
in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process
for financial statement recognition and measurement of a tax position 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. ASC 740 also provides
guidance on derecognition, classification, interest and penalties, accounting in interim period, disclosure and transition.

The