Company: PMVC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043278
Chunk: 3

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 ACQUISITION CORP.

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

    For the Three Months Ended March 31, 

    2025  
    2024 
  
    Cash Flows from Operating Activities: 

    Net loss 
    $(47,314) 
    $(77,383)
  
    Adjustments to reconcile net loss to net cash (used in) provided
    by  operating activities: 

    Changes in operating assets and liabilities 

    Prepaid expenses and other current assets 
     1,500  
     111,435 
  
    Income taxes payable 
     1,970  
     30,519 
  
    Accrued expenses 
     3,799  
     4,226 
  
    Accounts payable – related party 
     30,000  
     30,000 
  
    Net cash (used in)
    provided by  operating activities 
     (10,045) 
     98,797 

    Net Change in Cash and Cash Equivalents 
     (10,045) 
     98,797 
  
    Cash and cash equivalents – Beginning of period 
     1,113,786  
     1,072,630 
  
    Cash and cash equivalents – End of period 
    $1,103,741  
    $1,171,427 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

5

PMV CONSUMER ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited)

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS
OPERATIONS

PMV Consumer Acquisition Corp. (the “Company”)
was incorporated in Delaware on March 18, 2020. The Company was formed for the purpose of entering into a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.

Although the Company is not limited to a particular
industry or sector for purposes of identifying a potential business opportunity and consummating a transaction, the Company intends to
focus its search on business opportunities in the consumer products industry. The Company is an early stage and emerging growth company
and, as such, the Company is subject to all of the risks associated with