Company: KCHVR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109292
Chunk: 84

Company: Kochav Defense Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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 sheet included in this
Report under Item 1. “Financial Statements”.

Net
Income Per Ordinary Share

We
comply with the accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Net income per Ordinary
Share is computed by dividing net income applicable to shareholders by the weighted average number of Ordinary Shares outstanding for
the applicable periods. We apply the two-class method in calculating earnings per Ordinary Share and allocate net income pro rata to
Class A Ordinary Shares subject to possible redemption, nonredeemable Class A Ordinary Shares and Class B Ordinary Shares. Accretion
associated with the redeemable Class A Ordinary Shares is excluded from earnings per share as the redemption value is not in excess of
the fair value.

25

Recent
Accounting Standards

In
November 2023, the FASB issued ASU 2023-07. The amendments in ASU 2023-07 require disclosures, on an annual and interim basis, of significant
segment expenses that are regularly provided to the CODM as well as the aggregate amount of other segment items included in the reported
measure of segment profit or loss. ASU 2023-07 requires that a public entity disclose the title and position of the CODM and an explanation
of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate
resources. Public entities are required to provide all annual disclosures currently required by ASC 280 in interim periods, and entities
with a single reportable segment are required to provide all the disclosures required by the amendments in ASU 2023-07 and existing segment
disclosures in ASC 280. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal
years beginning after December 15, 2024, with early adoption permitted. We adopted ASU 2023-07 on December 4, 2024 (inception).

Management
does not believe that there are any other recently issued, but not yet effective, accounting standards, which, if currently adopted,
would have a material effect on the unaudited condensed financial statements and notes thereto included in this Report under Item 1.
“Financial Statements”.

Item
3. Quantitative and Qualitative Disclosures About Market Risk.

We
are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the