Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 179

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 16
Chunk 179
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 in the consolidated statements of operations and comprehensive
loss.

F-17

FST Corp.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U. S. dollars, except for share and per
share data, or otherwise noted)

2. SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES(cont.)

(x) Earnings per share

Basic earnings per share is computed by dividing
net loss attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding for the period. Diluted earnings
per share is calculated by dividing net loss attributable to ordinary shareholders as adjusted for the effect of dilutive ordinary equivalent
shares, if any, by the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during the period. Potentially
dilutive shares are excluded from the computation if their effect is anti-dilutive.

(y) Segment
reporting

Operating segments are defined as components of
an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (“ CODM”)
in deciding how to allocate resources to an individual segment and in assessing performance. The Group’s Chief Executive Officer
is the Group’s CODM. The CODM reviews financial information presented on a consolidated basis for purposes of making operating decisions,
allocating resources, and evaluating financial performance. As such, the Group has determined that it operates asoneoperating
segment. The Group has concluded that consolidated net income (loss) is the measure of segment profitability. The CODM assesses performance
for the Group, monitors budget versus actual results, and determines how to allocate resources based on consolidated net income (loss)
as reported in the consolidated statements of operations. There is no other expense categories regularly provided to the CODM that are
not already included in the primary financial statements herein.

The Group’s long-lived assets are substantially
located in the Taiwan and United States. The following table presents long-lived assets by geographic segment as of December 31, 2024
and 2023.

              December 31,                                            
              2024                              2023                  
 ──────────────────────────────────────────────────────────────────────
  Taiwan      $                 18,535,163      $         18,666,589  
  US                             9,170,946                10,634,130  
  Japan                          2,375,236                 1,164,640  
  Total       $                 30,081,345      $         30,465,