Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 439

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 439
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 of refunds received) is equal to or greater than 5 percent of total income taxes paid (net of refunds received). The amended guidance is effective for fiscal years beginning after December 15, 2024. The guidance can be applied either prospectively or retrospectively. The Company is currently in the process of evaluating the impact this amended guidance may have on the footnotes to our consolidated financial statements.

Other accounting standards that have been issued by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent standards that are not anticipated to have an impact on or are unrelated to its consolidated financial condition, results of operations, cash flows or disclosures.

NOTE 3- LIQUIDITY

Liquidity

The Company’s consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, as reflected in the Company’s consolidated financial statements, the Company has an accumulated loss of $1,656,956 and a working capital deficit of $825,582 as of March 31, 2025. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

Based on the current operating plan, management has concluded that its current operating plan will provide sufficient liquidity for the Company to meet its requirements for at least 12 months from the date of the consolidated financial statements are issued. In order to fully implement its long-term business plan and sustain continued growth, the Company may also seek equity financing from outside investors. At the present time, however, the Company does not have commitments of funds from any potential investors. No assurance can be given that additional financing, if required, would be available on favorable terms or at all. The consolidated financial statements do not include any adjustments related to the recoverability and classification of recorded assets or the amounts and classification of liabilities or other adjustments that might be necessary should the Company be unable to continue as a going concern.

| F-53 |

NOTE 4 - PREPAYMENTS AND OTHER CURRENT ASSETS

Prepayments and Other Current Assets

Prepaid expenses and other current assets consist of the following:

Schedule of Prepayments and Other Current Assets

|                      |     |   |    March 
 31, 2025 |     |   |    March 
 31, 2024 |
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