Company: FVN
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0001829126-25-001610
Chunk: 566

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 566
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ordinary shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded
from the calculation of diluted EPS. During the three months ended December 31, 2023 and 2024, there were no dilutive shares.

Operating
lease ROU assets and lease liabilities are recognized at the adoption date or the commencement date, whichever is earlier, based on the
present value of lease payments over the lease term. Since the implicit rate for the Company’s leases is not readily determinable,
the Company use its incremental borrowing rate based on the information available at the commencement date in determining the present
value of lease payments. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow, on a collateralized
basis, an amount equal to the lease payments, in a similar economic environment and over a similar term.

<div align='center'>F-56</div>

Lease
terms used to calculate the present value of lease payments generally do not include any options to extend, renew, or terminate the lease,
as the Company does not have reasonable certainty at lease inception that these options will be exercised. The Company generally considers
the economic life of its operating lease ROU assets to be comparable to the useful life of similar owned assets. The Company has elected
the short-term lease exception, therefore operating lease ROU assets and liabilities do not include leases with a lease term of
twelve months or less. Its leases generally do not provide a residual guarantee. The operating lease ROU asset also excludes lease
incentives. Lease expense is recognized on a straight-line basis over the lease term.

The
Company reviews the impairment of its ROU assets consistent with the approach applied for its other long-lived assets. The Company
reviews the recoverability of its long-lived assets when events or changes in circumstances occur that indicate that the carrying
value of the asset may not be recoverable. The assessment of possible impairment is based on its ability to recover the carrying value
of the asset from the expected undiscounted future pre-tax cash flows of the related operations. The Company has elected to include
the carrying amount of operating lease liabilities in any tested asset group and include the associated operating lease payments in the
undiscounted future pre-tax cash flows.

Research
and development expenses include salaries and other compensation-related expenses to the Company’s research and product development
personnel, outsourced subcontractors, as well as office rental, depreciation and related