Company: ACBM
Filing Date: 2025-07-24
Form Type: 10-K
Source: 0001640334-25-001300
Chunk: 498

Company: ACRO BIOMEDICAL CO., LTD.
Filing Date: 2025-07-24
Form: 10-K
Item: Item 9
Chunk 498
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 in the contracts for the two-year period commencing May 25, 2021 and August 23, 2021. The shares were valued at $19,311,600 and $12,113,200, based on the market price of the common stock on the respective dates of the agreements, which was $2.85 and $2.20 per share, respectively, and was amortized over the two-year period starting from the date of the agreement using the straight-line method. During the year ended December 31, 2023, the Company recorded stock-based compensation of $8,060,983. At December 31, 2023, these stock grants were fully amortized, and accordingly no stock-based compensation was recognized in the year ended December 31, 2024. During the years ended December 31, 2024 and 2023, the Company did not issue any shares of common stock.

NOTE 5 - INCOME TAXES The reconciliation of income tax expense at the U.S. statutory rate of 21% to the Company’s effective tax rate is as follows:   Year ended   December 31,   2024  2023 Income tax expense (benefit) at statutory rate $(8,882) $(1,849,590)Income tax adjustment        Imputed interest  911   673 Change of valuation allowance  7,971   1,848,917 Income tax expense (benefit) $-  $-  Net deferred tax assets consist of the following components as of:   December 31,  December 31,   2024  2023 Operating loss carry forward $6,871,829  $6,863,858 Valuation allowance  (6,871,829)  (6,863,858)Deferred tax asset $-  $-  The Company has approximately $33 million net operating loss carryforwards that are available to reduce future taxable income. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full