Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 1222

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 10
Chunk 1222
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396)
  
    Denominators: 

    Weighted-average shares outstanding 
     13,502,427  
     4,416,075  
     6,430,548  
     4,029,380 
  
    Basic and diluted net income (loss) per share 
    $0.58  
    $(0.08) 
    $0.25  
    $(0.05)

●Related parties

Parties, which can be a corporation or individual,
are considered to be related if either the Company or the other party have the ability, directly or indirectly, to control the other party
or exercise significant influence over the other party in making financial and operational decisions. Companies are also considered to
be related if they are subject to common control or significant influence.

F-15

KEEN VISION ACQUISITION
CORPORATION

NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS

●Concentration of credit risk

Financial
instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution.
The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such
account.

●Recent issued accounting standards

In December
2023, the FASB issued Accounting Standards Update No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”
(“ASU 2023-09”), which modifies the rules on income tax disclosures to require entities to disclose (1) specific categories
in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated between
domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state and foreign). ASU
2023-09 also requires entities to disclose their income tax payments to international, federal, state and local jurisdictions, among other
changes. The guidance is effective for annual periods beginning after December 15, 2024. Early adoption is permitted for annual financial
statements that have not yet been issued or made available for issuance. ASU 2023-09 should be applied on a prospective basis, but retrospective
application is permitted. The Company evaluated the potential impact of adopting this new guidance on its consolidated financial
statements and related disclosures and believe that the adoption of this ASU did not have a material effect on the