Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 201

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 201
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 ended December 31, 2024. The
adoption of this standard did not have a material impact to our results of operations, cash flows or financial condition.

Recently issued
accounting standards

In November 2024, the FASB issued ASU 2024-03,
“ Income Statement - Reporting Comprehensive Income (Subtopic 220-40): Disaggregation of Income Statement Expenses.” This
pronouncement introduces new disclosure requirements aimed at enhancing transparency in financial reporting by requiring disaggregation
of specific income statement expense captions. Under the new guidance, entities are required to disclose a breakdown of certain expense
categories, such as: employee compensation; depreciation; amortization, and other material components. The disaggregated information can
be presented either on the face of the income statement or in the notes to the financial statements, often using a tabular format. The
ASU is effective for fiscal years beginning after December 15, 2026, and interim periods within those fiscal years. Early adoption is
permitted. The Company is currently evaluating these new disclosure requirements and does not expect the adoption to have a material impact.

In March 2024, the FASB issued ASU 2024-02, “ Codification
Improvements - Amendments to Remove References to the Concept Statements” (“ ASU 2024-02”). ASU 2024-02 contains
amendments to the FASB Accounting Standards Codification that remove references to various FASB Concepts Statements. In most instances,
the references are extraneous and not required to understand or apply the guidance. In other instances, the references were used in prior
Statements to provide guidance in certain topical areas. ASU 2024-02 is effective for fiscal years beginning after December 15, 2024.
Early adoption is permitted. The Company is currently evaluating the potential impact of adopting this guidance on financial statements
requirements and does not expect the adoption to have a material impact.

In December 2023, the FASB issued ASU 2023-09,
which is an update to Topic 740, Income Taxes. The amendments in this update related to the rate reconciliation and income taxes paid
disclosures improve the transparency of income tax disclosures by requiring (1) adding disclosures of pretax income (or loss) and income
tax expense (or benefit) to be consistent with U. S. Securities and Exchange Commission (SEC) Regulation S-X 210.4-08(h), Rules of General
Application