Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 86

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 86
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 the U. S. Treasury yield
curve in effect at the time of grant.

The
Company utilizes the Black-Scholes option-pricing model, which was developed for use in estimating the fair value of options. Option-pricing
models require the input of highly complex and subjective variables including the expected life of options granted and the expected volatility
of our stock price over a period equal to or greater than the expected life of the options. Because changes in the subjective assumptions
can materially affect the estimated value of our employee stock options, it is management’s opinion that the Black-Scholes option-pricing
model may not provide an accurate measure of the fair value of our employee stock options. Although the fair value of employee stock
options is determined in accordance with ASC Topic 718 using an option-pricing model, that value may not be indicative of the fair value
observed in a willing buyer/willing seller market transaction.

On
June 20, 2018, the FASB issued ASU 2018-07 which simplifies the accounting for share-based payments granted to nonemployees for goods
and services. Under the ASU, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based
payments granted to employees. Equity classified share-based payments for employees are fixed at the time of grant. Equity-classified
nonemployee share-based payment awards are measured at the grant date of the award which is the same as share-based payments for employees.
The Company adopted the requirements of the new rule as of January 1, 2019, the effective date of the new guidance.

Foreign
Currency

Apollo’s
subsidiaries, uses its local currency as its functional currency. Resulting translation gains or losses are recognized as a component
of accumulated other comprehensive income. Transaction gains or losses related to balances denominated in a currency other than the functional
currency are recognized in the consolidated statements of operations.

Revenue
recognition

For
the years ended December 31 st

Had
the Company performed any, revenues from sales would have been recognized when control of the product is transferred to customers, in
accordance with the INCOTERMS involved in each sales contract.

Following
ASC 606, the Company will follow the 5-step model in order to recognize revenue in accordance with the core principle.

Recent
Accounting Pronouncements

The
Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not
bel