Company: KVACU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109170
Chunk: 69

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 Other Observable Inputs  
    Significant Other Unobservable Inputs 
  
    Description 
    2025  
    (Level 1)  
    (Level 2)  
    (Level 3) 
  
    Assets: 

    U.S. Treasury Securities held in Trust Account 
    $56,026,877  
    $56,026,877  
    $      -  
    $       - 

    December 31,  
    Quoted Prices In Active Markets  
    Significant Other Observable Inputs  
    Significant Other Unobservable Inputs 
  
    Description 
    2024  
    (Level 1)  
    (Level 2)  
    (Level 3) 
  
    Assets: 

    U.S. Treasury Securities held in Trust Account 
    $70,373,065  
    $70,373,065  
    $       -  
    $        - 

●Income taxes

Income taxes are determined in accordance with
the provisions of ASC Topic 740, Income Taxes (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized
for the future tax consequences attributable to differences between the unaudited condensed consolidated financial statements carrying
amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted
income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or
settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes
the enactment date.

ASC 740 prescribes a comprehensive model for how
companies should recognize, measure, present, and disclose in their unaudited condensed consolidated financial statements uncertain tax
positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the unaudited condensed
consolidated financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities.
The Company’s management determined that the British Virgin Islands and Cayman Islands are the Company’s major tax jurisdiction.
The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if any, as income tax expense. There were
no unrecognized tax benefits and no amounts accrued for interest and penalties as of September 30, 2025 and December 31, 2024, respectively.
The Company