Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 443

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 443
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 % |
| Effect of change in valuation allowance |     |                           | -4.03 | % |     |      | -6.74 | % |
| others                                  |     |                           |     - | % |     |      | 66.39 | % |
| Effective tax rate                      |     |                           | -1.92 | % |     |      | 67.16 | % |

Deferred tax assets are composed of the following:

Schedule of Deferred Tax Assets

|                                                |     |   |    March 
 31, 2025 |   |     |   |    March 
 31, 2024 |
|:-----------------------------------------------|:----|:--|---------:|:--|:----|:--|---------:|
| Deferred tax assets derived from net operating 
 loss (“NOL”) carry forwards                    |     | $ |   62,760 |   |     | $ |   46,048 |
| Less: valuation allowance                      |     |   |  (31,380 | ) |     |   |        - |
| Total deferred tax assets, net                 |     | $ |   31,380 |   |     | $ |   46,048 |

The Company periodically evaluates the likelihood of the realization of deferred tax assets, and reduces the carrying amount of the deferred tax assets by a valuation allowance to the extent it believes a portion will not be realized. Management considers new evidence, both positive and negative, that could affect the Company’s future realization of deferred tax assets including its recent cumulative earnings experience, expectation of future income, the carry forward periods available for tax reporting purposes and other relevant factors.

NOTE 7 - OPERATING LEASE

Operating Lease

The Company entered into a new office lease agreement on August 2, 2023 with an expiration date of August 2026. As of March 31, 2025, the Company has one active office lease.

For the years ended March 31, 2025 and 2024, the lease expenses were $130,067 and $107,683, respectively.

| F-56 |

The table below presents the operating lease related assets and liabilities recorded on the balance sheets.

Schedule of Operating Lease Assets and Liabilities

|                                        |     |   |    March 
 31, 2025 |     |   |    March 
 31, 2024 |
|:---------------------------------------|:----|:--|---------:|:----|: