Company: BNBX
Filing Date: 2025-10-30
Form Type: S-1
Source: 0001104659-25-103871
Chunk: 206

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: S-1
Chunk 206
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 operating loss consists of net sales, less cost of sales, specifically identifiable research and development, and selling, general and administrative expenses. |

| (b) | General corporate expenses consist of selling, general and administrative expenses that are not specifically identifiable to a segment. |

NOTE I – FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company’s financial instruments at fair value are measured on a recurring basis. Related unrealized gains or losses are recognized in unrealized gain (loss) on change in fair value of the warrants classified as a liability in the condensed consolidated statements of operations. For additional disclosures regarding methods and assumptions used in estimating fair values of these financial instruments, see Note B.

The following tables present the fair value of the Company’s financial instruments as of June 30, 2025

| ​                            
 ​                            
 ​                            | ​ 
 ​ | ​             
 Fair value at 
 June 30, 2025 |     ​ |
|:-----------------------------|:--|:--------------|------:|
| Liabilities:                 | ​ | ​             |     ​ |
| Common Warrants              | ​ | $             |   100 |
| Series A Warrants            | ​ | $             |    10 |
| Series A Warrants - modified | ​ | $             |    50 |
| Private Common Warrants      | ​ | $             | 1,000 |

F-50

NOTE I – FAIR VALUE OF FINANCIAL INSTRUMENTS, continued

The fair value of the warrants classified as a liability as of June 30, 2025, was determined using the Black Scholes and Probability Weighted Expected Return models. The fair value for the warrants classified as a liability as of June 30, 2025, was calculated using the following assumptions:

| ​                                                
 ​                                                
 ​                                                
 ​                                                | ​ 
 ​ 
 ​ | ​        
 ​        
 Common   
 Warrants |          ​ 
          ​ | ​ 
 ​ 
 ​ | ​        
 ​        
 Series A 
 Warrants |          ​ 
          ​ | ​ 
 ​ 
 ​ | ​          
 Series A   
 Warrants – 
 modified   |          ​ | ​ 
 ​ 
 ​ | ​        
 Private  
 Common   
 Warrants |          ​ | ​ |
|:-------------------------------------------------|:--|:---------|-----------:|:--|:---------|-----------:|:--|:-----------|-----------:|:--|:---------|-----------:|:--|
| Stock price                                      | ​ |