Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 95

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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,” establishes standards for companies to report in their financial statement information about
operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise
that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information
is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate
resources and assess performance.

18

The
Company’s chief operating decision maker (“CODM”) has been identified as the Chief Executive Officer and the Chief
Financial Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions about
allocating resources and assessing financial performance. Accordingly, management has determined that there is only one reportable segment.

The
CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported
on the statement of operations as net income or loss. The measure of segment assets is reported on the balance sheet as total assets.
When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key
metrics included in net income or loss and total assets, which include the following:

    For the Three Months Ended March 31, 

    2025  
    2024 
  
    General and administrative expenses 
    $665,655  
    $388,331 
  
    Interest earned on the Trust Account 
    $279,885  
    $953,592 

The
CODM reviews interest earned on the Trust Account to measure and monitor stockholder value and determine the most effective strategy
of investment with the Trust Account funds while maintaining compliance with the Trust Agreement.

General
and administrative expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available
to complete a business combination or similar transaction within the business combination period. The CODM also reviews general and administrative
costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General
and administrative costs, as reported on the statement of operations, are the significant segment expenses provided to the CODM on a
regular basis.

All
other segment items included in net income or loss are reported on the statement of operations and described within their respective
disclosures.

NOTE 10.
 SUBSEQUENT EVENTS

The
Company evaluated subsequent events and transactions that occurred after