Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 322

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 322
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 The Company follows the provisions of ASC 220

<div align='center'>F-44</div>

TABLE OF CONTENTS

COSTAMARE BULKERS HOLDINGS LIMITED Notes to Consolidated Financial Statements December 31, 2023 and 2024 (Expressed in U.S. dollars, except share and per share data, unless otherwise stated) “Comprehensive Income”, and presents items of net income, items of other comprehensive income (“OCI”) and total comprehensive income in two separate but consecutive statements. Reclassification adjustments between OCI and net income are required to be presented separately on the statement of comprehensive income. (c) Use of Estimates: The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. (d) Cash, Cash Equivalents and Restricted Cash: The Company considers highly liquid investments such as time deposits and certificates of deposit with an original maturity of three months or less to be cash equivalents. Cash also includes other kinds of accounts that have the general characteristics of demand deposits in that the customer may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Restricted cash consists of minimum cash deposits to be maintained at all times under certain loan agreements to which the Company acts as guarantor. A reconciliation of the cash, cash equivalents and restricted cash is presented in the table below:

|                                                              |     | December 31, |     |            |
|                                                              |     |         2023 |     |       2024 |
| Reconciliation of cash, cash equivalents and restricted cash |     |              |     |            |
| Cash and cash equivalents                                    |     |           $— |     |     $4,495 |
| Restricted cash – current portion                            |     |            — |     |          — |
| Restricted cash – non-current portion                        |     |            — |     |  2,100,000 |
| Total cash, cash equivalents and restricted cash             |     |           $— |     | $2,104,495 |

(e) Earnings per Share: Basic earnings per share are computed by dividing net income attributable to common equity holders by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per share reflect the potential dilution