Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 555

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 555
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 loss. Property and Equipment, net Property and equipment acquired in the ordinary course of the Company’s operations are stated at cost, net of accumulated depreciation. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Leasehold improvements are amortized on a straight-line basis over the shorter of the term of the lease or the estimated useful life of the improvement. Maintenance and repairs are expensed as incurred. Depreciation expense is included in general and administrative expenses in the consolidated statements of operations and comprehensive loss. Depreciable lives by major classification generally are as follows:

|                                                                         |     | Useful lives |            |
| Computers and other hardware                                            |     |              | 5-8 years  |
| Vehicles and other fixed assets (excluding computers)                   |     |              | 2-10 years |
| Office, furniture, and equipment                                        |     |              | 2-10 years |
| Leasehold improvements - shorter of lease term of estimated useful life |     |              | 2-10 years |

Intangible assets, net Intangible assets consists of internally developed capitalized software, which will help in the management of the AI solutions business and will be sold on a license basis. F-55

Internal use software The Company capitalizes certain costs related to internal use software acquired, modified, or developed related to the Company’s services in accordance with ASC 350, Internal use software. These capitalized costs are primarily related to salaries and other personnel costs. Costs incurred in the preliminary stages of development and the post implementation phase are expensed as incurred. The company adopts agile method of software development which is generally characterized as an iterative and more dynamic process where the planning, design and coding are less distinct and performed in short sprints. The Company, analyses the nature of the development and implementation activities – i.e. whether Subtopic 350-40characterizes them as capitalizable application development stage activities – when deciding whether the costs of those activities should be capitalized or expensed as incurred. Maintenance and training costs are expensed as incurred. The amortization expense is recorded in “General and administration” on the consolidated statements of operations and comprehensive loss. Software costs that are expensed are recorded in “Research and Development” on the consolidated statements of operations and comprehensive loss. Software developed for sale The costs incurred for the development of computer software to be sold, leased or otherwise marketed are capitalized in accordance with ASC 985, Costs of Software to be sold, leased or marketed,when technological feasibility has been established.