Company: KVACU
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043269
Chunk: 14

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 If the Company is unable to raise additional capital, it may be required to take additional measures to conserve
liquidity, which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction,
and reducing overhead expenses. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable
terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern if a Business
Combination is not consummated by May 27, 2025 (unless further extended). These consolidated unaudited condensed financial statements
do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be
necessary should the Company be unable to continue as a going concern.

NOTE 2 –
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

●Basis of presentation

These accompanying
unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally
accepted in the United States of America (“U.S. GAAP”) for interim financial statements and Article 8 of Regulation S-X. They
do not include all of the information and notes required by U.S. GAAP for complete financial statements. The unaudited condensed consolidated financial
statements should be read in conjunction with the Company’s financial statements and notes thereto for the year ended December 31,
2024 included in the Company’s Form 10-K filed with the SEC on March 7, 2025. Certain information or footnote disclosures normally
included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted, pursuant to the rules and regulations
of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete
presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed consolidated financial
statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial
position, operating results and cash flows for the periods presented.

●Principles of consolidation

The unaudited condensed consolidated financial
statements include the unaudited condensed financial statements of the Company and its subsidiaries. All significant intercompany transactions
and balances between the Company and its subsidiaries are eliminated upon consolidation.

A subsidiary is the entity in which the Company,
directly or indirectly, controls more than