Company: ATMCW
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001493152-25-024097
Chunk: 15

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 8
Chunk 15
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 using available
market information.

Income
earned on these investments will be fully reinvested into the investment held in Trust Account and therefore considered as an adjustment
to reconcile net income (loss) to net cash used in operating activities in the statements of cash flows. Such income reinvested will
be used to redeem all or a portion of the ordinary shares upon the completion of business combination.

Net
Income (Loss) Per Share

The
Company complies with the accounting and disclosure requirements of FASB ASC 260, Earnings Per Share. In order to determine the net
income (loss) attributable to both the redeemable shares and non-redeemable shares, the Company first considered the undistributed
income (loss) allocable to both the redeemable shares and non-redeemable shares and the undistributed income (loss) is calculated
using the total net income (loss) less any dividends paid. The Company then allocated the undistributed income (loss) ratably based
on the weighted average number of shares outstanding between the redeemable and non-redeemable shares. Any remeasurement of the
accretion to redemption value of the ordinary shares subject to possible redemption was considered to be dividends paid to the
public shareholders. As of September 30, 2025, the Company did not have any dilutive securities and other contracts that could,
potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted
income (loss) per share is the same as basic income (loss) per share for the period presented.

    F-11

The
net income (loss) per share presented in the statements of operations is based on the following:

 Schedule
of Net Income (Loss) Per Share 

    Three Months ended
                                                                                 September 30, 2025  
    Three Months ended
                                                                                 September 30, 2024  
    Nine months ended
                                                                                September 30, 2025  
    Nine months ended
                                                                                 September 30, 2024 

    Net income 
    $165,713  
    $404,367  
    $156,367  
    $1,232,002 
  
    Income earned on Trust Account 
     (164,486) 
     (684,530) 
     (628,546) 
     (2,147,535)
  
    Accretion of