Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 435

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 435
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:----|:----------------------|----------:|:----|:--|-----------:|
| Revenue - first year commission |     | $                     | 5,181,879 |     | $ | 10,358,016 |
| Revenue - renewal commission    |     |                       |   691,145 |     |   |    521,976 |
| Other activities                |     |                       |     5,528 |     |   |      7,838 |
| Total revenue                   |     | $                     | 5,878,552 |     | $ | 10,887,830 |

| F-50 |

Cost of revenue

Cost of revenue consists of the costs of commissions paid to insurance intermediaries who refer their clients (i.e. potential insurance policyholders) to the Company. According to the agreements with the insurance intermediaries, they shall refer clients they develop to the Company, and are compensated for the insurance products bought by those clients when they become effective, with an agreed-upon percentage of the commission the Company is entitled from the insurance companies. The payments would be made to insurance intermediaries on a monthly basis after the corresponding commissions from the insurance companies are collected by the Company.

Compensation and benefits

Compensation and benefits primarily include salary, bonus and employee defined benefits paid to the Company’s employees.

General and Administrative Expenses

General and administrative expenses represent primarily costs for rent and operating costs of office premises, depreciation and amortization of office facilities, professional fees and other administrative expenses.

Segment Reporting

The Company uses the management approach in determining reportable operating segments. The management approach considers the internal reporting used by the Company’s chief operating decision maker for making operating decisions about the allocation of resources of the segment and the assessment of its performance in determining the Company’s reportable operating segments.

The Company’s chief operating decision maker has been identified as the Chief Executive Officer (“ CEO”), who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. CEO has determined that the Company has only one reporting segment as of and for the years ended March 31, 2025 and 2024.

Income taxes

The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differences exist between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to