Company: NMP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109359
Chunk: 100

Company: NMP Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 100
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 relevant dates on which adoption of such standards is required for non-emerging
growth companies. As a result, our unaudited condensed financial statements may not be comparable to companies that comply with new or
revised accounting pronouncements as of public company effective dates.

Additionally, we are in the
process of evaluating the benefits of relying on the other reduced reporting requirements provided by the JOBS Act. Subject to certain
conditions set forth in the JOBS Act, if, as an “emerging growth company,” we choose to rely on such exemptions we may not
be required to, among other things: (1) provide an auditor’s attestation report on our system of internal controls over financial
reporting pursuant to Section 404 of the Sarbanes-Oxley Act; (2) provide all of the compensation disclosure that may be required of non-emerging
growth public companies under the Dodd-Frank Wall Street Reform and Consumer Protection Act; (3) comply with any requirement that may
be adopted by the PCAOB regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information
about the audit and the financial statements (auditor discussion and analysis); and (4) disclose certain executive compensation-related
items such as the correlation between executive compensation and performance and comparisons of the Chief Executive Officer’s compensation
to median employee compensation. These exemptions will apply for a period of five years following the completion of the IPO or until we
are no longer an “emerging growth company,” whichever is earlier.

Recent Accounting Standards

In November 2023, the FASB
issued Accounting Standards Update 2023-07, “Segment Reporting — Improvements to Reportable Segment Disclosures”.
This update requires public entities to disclose its significant segment expense categories and amounts for each reportable segment. The
guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. As of September
30, 2025, and December 31, 2024, the Company reported its operations as a single reportable segment, noting no disaggregation of Company
activities, management or allocation of resources by geographic region, business activity or organizational method, thus this new guidance
does not affect the disclosures. Refer to “Note 8 – Segment Information” in the unaudited condensed financial
statements contained elsewhere in this report.

Management does not believe
that any recently issued, but not yet effective, accounting standards, if currently adopted, would have