Company: KVACU
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043269
Chunk: 62

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 62
---
 U.S. Treasury Securities held in Trust Account 
    $71,712,569  
    $71,712,569  
    $        -  
    $         - 

    December 31,  
    Quoted Prices In Active Markets  
    Significant Other Observable Inputs  
    Significant Other Unobservable Inputs 
  
    Description 
    2024  
    (Level 1)  
    (Level 2)  
    (Level 3) 
  
    Assets: 

    U.S. Treasury Securities held in Trust Account 
    $70,373,065  
    $70,373,065  
    $        -  
    $          - 

●Income taxes

Income taxes are determined in accordance with
the provisions of ASC Topic 740, Income Taxes (“ASC 740”). Under this method, deferred tax assets and liabilities
are recognized for the future tax consequences attributable to differences between the unaudited condensed consolidated financial statements
carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using
enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered
or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes
the enactment date.

ASC 740 prescribes a comprehensive model for how
companies should recognize, measure, present, and disclose in their unaudited condensed consolidated financial statements uncertain tax
positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the unaudited condensed
consolidated financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities.
The Company’s management determined that the British Virgin Islands and Cayman Islands are 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 and no amounts accrued for interest and penalties as of March 31, 2025 and December 31, 2024, respectively.
The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation
from its position.

F-13

KEEN VISION ACQUISITION CORPORATION

NOTES TO UNAUDITED CONDENSED