Company: RGNT
Filing Date: 2025-02-12
Form Type: DRS/A
Source: 0001213900-25-012299
Chunk: 276

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-02-12
Form: DRS/A
Chunk 276
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 be collected. There was no impact on the Company’s financial
statements as a result of adopting ASU 2016-13.

| o. | Accounting pronouncement not yet adopted |

As an “emerging growth company”,
the Jumpstart Our Business Startups Act (“JOBS Act”) allows the Company to delay adoption of new or revised accounting pronouncements
applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use this
extended transition period under the JOBS Act. The adoption dates discussed below reflect this election.

In August 2020, the FASB issued ASU No.
2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, which simplifies
the accounting for certain convertible instruments, amends the guidance on derivative scope exceptions for contracts in an entity’s
own equity, and modifies the guidance on diluted earnings per share calculations as a result of these changes. The guidance is effective
for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The Company is currently evaluating
the effect of adopting the ASU on its disclosures.

In December 2023, the FASB issued ASU
No. 2023-09, Income Tax (Topic 740): Improvements to Income Tax Disclosures, which amended disclosure requirements for income
taxes. The primary changes from this update relate to improvements over income tax disclosures related to the rate reconciliation, income
taxes paid and other disclosures. The amendments in this update are effective for annual reporting periods beginning after December 15,
2025, with early adoption permitted. The Company is currently evaluating the effect of adopting the ASU on its disclosures.

In November 2023, the FASB issued ASU
2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures to improve reportable segment disclosure
requirements through enhanced disclosures about significant segment expenses on an interim and annual basis. All disclosure requirements
of ASU 2023-07 are required for entities with a single reportable segment. ASU 2023-07 is effective starting January 1, 2024 and should
be applied on a retrospective basis to all periods presented. Early adoption is permitted. The Company is currently evaluating the effect
of adopting the ASU on its disclosures.

In November 2024, the Financial Account
Standards Board (FASB), issued Accounting Standards Update (ASU