Company: NMP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075714
Chunk: 159

Company: NMP Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 8
Chunk 159
---
 time private companies adopt the new or revised
standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging
growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because
of the potential differences in accounting standards used.

Use of Estimates

The preparation of financial
statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of expenses during the reporting period.

Making estimates requires management
to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set
of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could
change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those
estimates.

F-8

NMP ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS

NOTE 2 — SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES (cont.)

Cash and Cash Equivalents

The Company considers all short-term
investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any
cash equivalents as of June 30, 2025 and December 31, 2024.

Deferred Offering Costs

The Company complies with the
requirements of the ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A — “Expenses
of Offering” and Topic 5T — “Accounting for Expenses or Liabilities Paid by Principal Stockholder(s).”

Deferred offering costs consist
of costs incurred in connection with preparation for the Initial Public Offering, which include professional and registration fees incurred.
Deferred offering costs, together with the underwriting discounts and commissions, will be allocated to the separable financial instruments
issued in the Initial Public Offering based on a relative fair value basis, compared to total proceeds received. As of June 30, 2025 and
December 31, 2024, the Company had $214,143 and $0, respectively, of deferred offering costs.

Income Taxes

The Company follows the asset and liability method of accounting for
income taxes under ASC 740, “Income Taxes” (“ASC