Company: ALDA
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001548123-25-000017
Chunk: 16

Company: ATLANTICA INC
Filing Date: 2025-03-18
Form: 10-K
Item: Item 8
Chunk 16
---

of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion
of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for
unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to
the taxing authorities upon examination.

Interest and penalties associated with unrecognized tax benefits are classified
as operating expenses in the statement of income.

f. Basic Loss Per Share

The computation of basic (loss) per share of common
stock is based on the weighted average number of shares outstanding during the period.

                            December 31, 2024      December 31, 2023  
 ──────────────────────────────────────────────────────────────────────
  Income (Numerator)              $( 394,670)            $( 378,946)  
  Shares (Denominator)              2,458,590              2,458,590  
  Per Share Amount                   $( 0.16)               $( 0.15)  

g. Revenue Recognition Policy

The Company currently has no source of revenues. Revenue
recognition policies will be determined when principal operations begin.

h. 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