Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 83

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 83
---
.

12

Stock-Based
Compensation

The
Company adopted ASC Topic 718, Compensation—Stock Compensation, guidance to account for its stock-based compensation. It defines
a fair value-based method of accounting for an employee stock option or similar equity instrument. The Company recognizes all forms of
share-based payments, including stock option grants, warrants and restricted stock grants, at their fair value on the grant date, which
are based on the estimated number of awards that are ultimately expected to vest. Share-based payments, excluding restricted stock, are
valued using a Black-Scholes option pricing model. Grants of share-based payment awards issued to non-employees for services rendered
have been recorded at the fair value of the share-based payment, which is the more readily determinable value. The grants are amortized
on a straight-line basis over the requisite service periods, which is generally the vesting period. If an award is granted, but vesting
does not occur, any previously recognized compensation cost is reversed in the period related to the termination of service. Stock-based
compensation expenses are included in costs and operating expenses depending on the nature of the services provided in the statement
of operations.

Recent
Accounting Standards

In
December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which
requires disclosure of incremental income tax information within the rate reconciliation and expanded disclosures of income taxes
paid, among other disclosure requirements. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024. Early
adoption is permitted. The Company has not yet adopted the ASU 2023-09 and is currently evaluating its impact on the Company’s financial statements and
related disclosures.

In
November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment
Disclosures. The amendments in this ASU require disclosures, on an annual and interim basis, of significant segment expenses
that are regularly provided to the chief operating decision maker (“CODM”), as well as the aggregate amount of other segment
items included in the reported measure of segment profit or loss. The ASU requires that a public entity disclose the title
and position of the CODM and an explanation of how the CODM uses the reported measure(s)