Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 675

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 675
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 comparable products and technologies and on future expectations of foreseen economic and market conditions. 
 The value assigned is consistent with external sources of information.                                                                                                                                                     |
| Budgeted product prices |     | The prices estimated in revenue projections are based on current and projected market prices for the products.                                                                                                             |
| Budgeted gross margin   |     | Based on past performance and management’s expectations for the future.                                                                                                                                                    |

2.7Leases Leases are recorded pursuant to IFRS 16. The Group leases a laboratory facility from related party (see Notes 6 and 20) and offices from a third party, both in Argentina. Contracts that grant the Group control over the use of a leased asset for a specified period of time in exchange for consideration are accounted for as leases. Upon initial recognition, the Group recognizes a liability at the present value of the balance of future lease payments (these payments do not include certain variable lease payments), and concurrently recognizes a right -of -useasset at the same amount of the lease liability, adjusted for any prepaid or accrued lease payments or provision for impairment, plus initial direct costs incurred in respect of the lease. The lease term is the non -cancellableperiod of the lease, plus periods covered by an extension or termination option if it is reasonably certain that the lessee will or will not exercise the option, respectively. Since the interest rate implicit in the Group’s lease is not readily determinable, which involves a management’s estimations, the incremental borrowing rate of the lessee is used. Subsequent to initial recognition, the right -of -useasset is accounted for using the cost model and amortized over the shorter of the lease term or useful life of the asset. 2.8Inventories Inventories include materials, supplies or other assets held for consumption for producing the Group’s services, specifically for processing biological samples to generate test results.

F-133 Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 2.Summary of significant accounting policies and basis of preparation (cont.) Inventories are measured at the lower of acquisition cost or net realizable value. Inventories are presented net of the allowances for obsolescence, if any. 2.9Cash and cash equivalents Cash and cash equivalents include cash on hand and in banks and short -termhighly liquid investments with original maturities of three months or less, which are readily convertible to known amounts of cash. 2.10 Trade and other receivables with third and related parties,