Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 629

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 629
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 of operations before income from operations. Management’s estimates and assumptions used in the goodwill impairment analysis are considered critical accounting estimates due to the significant judgment involved and the potential for material impact on the Companies’ financial condition and results of operations. Changes in these estimates or in actual results could materially affect the evaluation of goodwill for impairment in future periods Asset retirement obligations: The Companies recognize the fair value of an asset retirement obligation in the period in which it is incurred if a reasonable estimate of fair value can be made. The Companies determine the fair value of the asset retirement obligation by calculating the present value of the expected cash flows. The fair value of the liability is added to the carrying amount of the associated asset. As of December 31, 2024 and 2023, the Companies have no net amounts included in property and equipment for asset retirement obligations, as all such amounts have been fully depreciated in the year of recognition. The retirement obligation will increase as production continues, including an adjustment for accretion related to the passage of time, until the obligation is settled. The asset retirement obligation is adjusted annually for any liabilities incurred or settled during the period, accretion expense, and any revisions in estimated cash flows. Advertising costs: The costs of advertising and promotion activities are expensed as they are incurred. Advertising expense was approximately $3,120 and $3,875 for the years ended December 31, 2024 and 2023, respectively. Concentration of risk: The Companies maintain cash deposits in financial institutions which, at times, may exceed the Federal Deposit Insurance Corporation insurance limit of $250,000. Federal deposit insurance corporation (FDIC) limits cover all traditional type deposit accounts up to $250,000. At December 31, 2024, approximately $1,270,500 exceeds the FDIC and other regulatory insured limits. The Companies have not experienced any losses in such accounts and do not believe they are exposed to any significant risk on cash. Subsequent events: The Companies have evaluated subsequent events through April 28, 2025, which is the date the financial statements were available to be issued. There were no other subsequent events requiring recognition. Note 2. Property and Equipment Property and equipment are summarized as follows:

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