Company: IVHI
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001683168-25-001303
Chunk: 452

Company: Invech Holdings, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 12
Chunk 452
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 a company to determine
whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position.
If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the consolidated
financial statements.

The Company files income tax returns in the U.S.
federal jurisdiction, and various state and local jurisdictions. Federal income tax returns prior to fiscal year 2018 are closed.

The Company includes interest and penalties arising
from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of December 31, 2024, the
Company had no accrued interest or penalties related to uncertain tax positions.

     F-9 

NOTE 7 – RESTATEMENT

Per ASC 250-10 Accounting Changes and Error Corrections,
the financial statements for the year ended December 31, 2023, have been restated to make adjustments to the balance sheet accounts as
described below. 

    Schedule of restated financials 

    As of December 31, 2023

    As Reported  
    Adjusted 
      
    As Restated 
  
    ASSETS 

    Current Assets: 

    Cash 
    $7,000  
    $– 
      
    $7,000 
  
    Total Assets 
    $7,000  
    $– 
      
    $7,000 

    Current Liabilities: 

    Due to related party 
    $30,641  
    $– 
      
    $30,641 
  
    Due to a former related party 
     –  
     4,443 
    (1) 
     4,443 
  
    Accruals 
     –  
     5,391 
    (2) 
     5,391 
  
    Total Liabilities 
     30,641  
     9,834 
      
     40,475 

    Stockholders’ Deficit: 

    Preferred stock, $0.001 par value; 5,000,000 shares authorized 
     –  
     – 
      
     – 
  
    Series A Preferred stock, $0.001 par value; 1,000,000 shares designated; 300,000 shares issued and outstanding