Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 487

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 487
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, 2024 and 2023, the Company recorded a loss of $2.3 million and $2.3 million, respectively, on the remeasurement of this liability. For more detail on the fair value measurement of this derivative instrument, refer to Note 12. Recently adopted accounting pronouncements For the nine months ended September 30, 2024, there were no significant changes to the recently adopted accounting pronouncements applicable to us from those disclosed in Note 2 to the financial statements included in our audited financial statements for the year ended December 31, 2023. Recently issued accounting pronouncements not yet adopted In November 2024, the FASB issued ASU 2024 -03, Income Statement -Reporting Comprehensive Income -Expense Disaggregation Disclosures (Subtopic 220 -40 ): Disaggregation of Income Statement Expenses. ASU 2024 -03requires public companies to disclose, in the notes to the financial statements, specific information about certain costs and expenses at each interim and annual reporting period. This includes disclosing amounts related to employee compensation, depreciation, and intangible asset amortization. In addition, public companies will need to provide qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively. ASU 2024 -03is effective for public business entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Implementation of ASU 2024 -03may be applied prospectively or retrospectively. The Company does not expect the adoption of ASU 2024 -03to have a material impact on its financial statements. 3. REVENUE Disaggregation of revenue We disaggregate revenue by service type and by platform as follows:

|                                    | Revenue stream |   |   Nine Months 
         Ended 
 September 30, 
          2024 |   |     |   |   Nine Months 
         Ended 
 September 30, 
          2023 |   |
|:-----------------------------------|:---------------|:--|--------------:|:--|:----|:--|--------------:|:--|
| Banking and payment revenues       |                | $ |    15,252,865 |   |     | $ |    15,625,958 |   |
| Custody and trading revenues       |                |   |        62,340 |   |     |   |        23,961 |