Company: APAD
Filing Date: 2025-07-09
Form Type: S-1/A
Source: 0001213900-25-062242
Chunk: 433

Company: AParadise Acquisition Corp.
Filing Date: 2025-07-09
Form: S-1/A
Chunk 433
---
 receive the shares of ordinary shares underlying the rights. Note 8 — Segment Information ASC Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statements information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance. The Company’s chief operating decision maker has been identified as the Chief Executive Officer, Chief Financial Officer and Chairman (“CODM”), who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating and reportable segment. The Company’s CODM does not review assets by segment in the evaluation and therefore assets by segment are not disclosed below. The CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported on the statement of operations as net income or loss. When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews key metrics, which include the following:

|                                     |     | For the three months ended 
 March 31,                  |    2025 |   |     |   |   2024 |   |
|:------------------------------------|:----|:---------------------------|--------:|:--|:----|:--|-------:|:--|
| General and administrative expenses |     | $                          |  34,600 |   |     | $ |  8,000 |   |
| Net Loss                            |     | $                          | (34,600 | ) |     | $ | (8,000 | ) |

The key measure of segment profit or loss reviewed by the CODM are net loss. Net loss is directly affected by general and administrative expenses, including legal expenses, auditing expenses, consulting expenses, and regulatory filing fees, as reported on the statement of operations, are the significant segment expenses provided to the CODM on a regular basis. Net loss is reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Proposed Public Offering and eventually a Business Combination within the business combination period. The CODM also reviews net loss to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. All other segment items included in net income or loss are reported on the