Company: DTSQ
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001641172-25-022963
Chunk: 18

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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ITION CORPORATION

NOTES
TO UNAUDITED FINANCIAL STATEMENTS

    Non-Redeemable  
    Redeemable  
    Non-Redeemable  
    Redeemable 

    For the Six Months Ended  
    For the Six Months 

    June 30, 2025  
    Ended June 30, 2024 

    Non-Redeemable  
    Redeemable  
    Non-Redeemable  
    Redeemable 

    Ordinary Share  
    Ordinary Share  
    Ordinary Share  
    Ordinary Share 
  
    Basic and diluted net income (loss) per share: 

    Numerators: 

    Allocation of net losses 
    $(49,025) 
    $(169,058) 
    $(52,658) 
    $        - 
  
    Interest and dividends earned in Trust Account 
     -  
     1,479,865  
     -  
     - 
  
    Allocation of net income (loss) 
    $(49,025) 
    $1,310,807  
    $(52,658) 
    $- 
  
    Denominators: 

    Weighted-average shares outstanding 
     2,000,900  
     6,900,000  
     1,500,000  
     - 
  
    Basic and diluted net income (loss) per share 
    $(0.025) 
     0.190  
    $(0.035) 
    $- 

Related
parties

Parties,
which can be a corporation or individual, are considered to be related if either the Company or the other party have the ability, directly
or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational
decisions. Companies are also considered to be related if they are subject to common control or significant influence.

Fair
Value of Financial Instruments

The
fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value
Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying balance sheet, primarily due to
their short-term nature. Please refer to Note 8.

Concentration
of credit risk

Financial
instruments that potentially subject the Company to concentration of credit risk consist of a cash account