Company: NOEMW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110040
Chunk: 82

Company: CO2 Energy Transition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 “Segment
Reporting,” establishes standards for companies to report in their financial statement information about operating segments, products,
services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate
financial information is available that is regularly evaluated by the Company’s chief operating decision maker (“CODM”),
or group, in deciding how to allocate resources and assess performance.

20

CO2 ENERGY TRANSITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited) 

The Company’s CODM
has been identified as its Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about
allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one reportable
operating segment.

The CODM assesses performance
for the single segment and decides how to allocate resources based on net income or loss that also is reported on the condensed statements
of operations as net income or loss. The measure of segment assets is reported on the condensed balance sheets as total assets. When evaluating
the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include
the following:

    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 
  
    General and administrative expenses 
    $154,489  
    $26,532  
    $487,522  
    $66,985 
  
    Interest earned on the Trust Account 
    $738,495  
     —  
    $2,193,869  
    $— 

    September 30,
 2025  
    December 31, 
2024 
  
    Cash 
    $343,499  
    $953,069 
  
    Investments held in Trust Account 
    $71,424,875  
    $69,310,897 

The CODM reviews interest
earned on the Trust Account to measure and monitor stockholders value and determine the most effective strategy of investment with the
Trust Account funds while maintaining compliance with the trust agreement. General and administrative expenses are reviewed and monitored
by the CODM to manage and forecast cash