Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1118

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 10
Chunk 1118
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 these securities and income earned from the investments held in the Trust Account is included in income earned on Trust Account in
the accompanying statements of operations. The estimated fair values of investment held in the Trust Account are determined using available
market information.

Income
earned on these investments will be fully reinvested into the investment held in Trust Account and therefore considered as an adjustment
to reconcile net income (loss) to net cash used in operating activities in the statements of cash flows. Such income reinvested will
be used to redeem all or a portion of the ordinary shares upon the completion of business combination.

     F-13 

Net
Income (Loss) Per Share

The
Company complies with the accounting and disclosure requirements of FASB ASC 260, Earnings Per Share. In order to determine the net income
(loss) attributable to both the redeemable shares and non-redeemable shares, the Company first considered the undistributed income (loss)
allocable to both the redeemable shares and non-redeemable shares and the undistributed income (loss) is calculated using the total net
income (loss) less any dividends paid. The Company then allocated the undistributed income (loss) ratably based on the weighted average
number of shares outstanding between the redeemable and non-redeemable shares. Any remeasurement of the accretion to redemption value
of the ordinary shares subject to possible redemption was considered to be dividends paid to the public shareholders. As of December
31, 2024, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into
ordinary shares and then share in the earnings of the Company. As a result, diluted income/(loss) per share is the same as basic income/(loss)
per share for the period presented.

The
net income (loss) per share presented in the statements of operations is based on the following:

 Schedule
of Net Income (Loss) Per Share 

    For
    the year ended December 31, 2024  
    For
    the year ended December 31, 2023 

    Net income 
    $1,498,591  
    $1,941,118 
  
    Income earned on Trust Account 
     (2,782,552) 
     (3,130,199)
  
    Accretion of carrying value to redemption
    value 
     (550,000)