Company: ALDA
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001062506-25-000007
Chunk: 2

Company: ATLANTICA INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---

of assets, property or a business that may be beneficial to the Company and its stockholders. In considering whether to complete any such
acquisition, the Board of Directors will make the final determination and the approval of stockholders will not be sought unless required
by applicable law, the articles of incorporation or bylaws of the Company or contract.

b. Accounting Method

The Company’s financial statements are prepared
using the accrual method of accounting. The Company has elected a December 31 year-end.

c. Estimates

The preparation of financial statements in conformity
with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

d. Cash and Cash Equivalents

The Company considers all highly liquid investments
with original maturities at the date of purchase of three months or less to be cash equivalents.

e. Recent Accounting Pronouncements

In November 2023, the FASB issued Accounting
Standards Update No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, ("ASU 2023-07").
The Company adopted this standard for the year ended December 31, 2024. ASU 2023-07 establishes standards for companies to report in their
financial statements information about operating segments, products, services, geographic areas, and major customers. Operating segments
are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s
chief operating decision maker (“ CODM”) in deciding how to allocate resources and assess performance.

We manage our Company as one reportable segment at
the entity level which aligns with how the CODM reviews and manages the business. The Company has no assets or current operations and
is listed as a Shell Company. The Company’s CODM has been identified as the Chief Executive Officer, who reviews the expenses to
assess financial performance.

For single reportable segment-level financial information, see attached
financial statements.

The Company has reviewed all other recently issued, but not yet adopted,
accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows. Based
on that review, the Company believes that none of these pronouncements will have a significant effect on