Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 351

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 351
---
,312,500) 
     (431) 

    Net income 
     -  
     -  
     -  
     -  
     -  
     4,256,395  
     4,256,395 
  
    Balance-December 31, 2023 
     4,312,500  
    $431  
     -  
    $-  
    $-  
    $(1,616,517) 
    $(1,616,086)

The accompanying notes are an integral part
of the financial statement. 

F-5

APX ACQUISITION CORP. I 

STATEMENTS OF CASH FLOWS 

    For the Year Ended December 31, 2024  
    For the Year Ended December 31, 2023 
  
    Cash Flows from Operating Activities: 

    Net (loss) income 
    $(119,057) 
    $4,256,395 
  
    Adjustments to reconcile net income to net cash (used in) provided by operating activities: 

    Change in fair value of warrant liabilities 
     527,250  
     562,277 
  
    Interest earned on marketable securities held in trust 
     (3,278,038) 
     (4,320,595)
  
    Amortization of debt discount 
     -  
     82,345 
  
    Gain on settlement of debt 
     -  
     (117,373)
  
    Gain on settlement of trade payables 
     -  
     (878,886)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     -  
     137,500 
  
    Accrued interest receivable 
     221,505  
     295,982 
  
    Accounts payable and accrued expenses 
     1,894,045  
     1,056,716 
  
    Due to Related party 
     512  
     - 
  
    Net cash (used
    in) provided by operating activities 
     (753,783) 
     1,074,361 
  
    Cash Flows from Investing Activities: 

    Cash deposited in Trust Account 
     (1,379,739) 
     (2,000,000)