Company: AGGI
Filing Date: 2025-10-31
Form Type: 10-12G
Source: 0001683168-25-007875
Chunk: 69

Company: Allied Energy, Inc.
Filing Date: 2025-10-31
Form: 10-12G
Chunk 69
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 term and vesting conditions of the award. Expected volatility is based on historical
volatility of comparable publicly traded companies and, where available, the Company’s own stock. The risk-free rate is based on
U.S. Treasury yields in effect at the time of grant with a term consistent with the expected life of the award. Dividend yield is assumed
to be zero, as the Company has not declared or paid dividends on its common stock.

Stock-based compensation expense is recognized
on a straight-line basis over the requisite service period of the award and is recorded in the consolidated statements of operations.
The Company accounts for forfeitures as they occur.

Income taxes

The Company follows the guidance of ASC Topic
740 “Income taxes” and uses liability method to account for income taxes. Under this method, deferred tax assets and liabilities
are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates
that will be in effect in the period in which the differences are expected to be reversed. The Company records a valuation allowance to
offset deferred tax assets, if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the
deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized in consolidated statements
of comprehensive income in the period that includes the enactment date.

The Company uses a more likely than not threshold
for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. As a result, the
impact of an uncertain income tax position is recognized at the largest amount that is more-likely-than-not to be sustained upon audit
by the relevant tax authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained.

Segment reporting

The Company accounts for segment reporting in
accordance with ASC 280, Segment Reporting. Operating segments are identified based on the manner in which financial information is reviewed
by the chief operating decision maker (“CODM”) for purposes of allocating resources and assessing performance. The Company
adopted ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, in the fourth quarter of 2024 and
applied the amendments retrospectively to all prior periods presented. The adoption did not have a material impact on the Company’s
consolidated financial statements.

Comprehensive income

The Company accounts for comprehensive income