Company: FVN
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001829126-25-005949
Chunk: 60

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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    13

FUTURE VISION II ACQUISITION CORP.

NOTES
            TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2025 

        For the
        Six Months Ended

    For the Period From January 30, 2024 (Inception) Through

    June 30,  2025

    June 30, 2024

    Redeemable Ordinary Share

    Non-Redeemable  Ordinary Share

    Redeemable Ordinary Share

    Non-Redeemable  Ordinary Share

    (Unaudited)

    (Unaudited)

    Numerators:

    Allocation of net loss
     
    $
    (2,593,842
    )
     
    $
    (809,279
    )
     
    $
    -

    $
    (4,728
    )
  
    Accretion of redeemable ordinary shares to redemption value

    4,409,321

    -

    -

    -

    Allocation of net income (loss)
     
    $
    1,815,479

    $
    (809,279
    )
     
    $
    -

    $
    (4,728
    )
  
    Denominators:

    Weighted-average ordinary shares outstanding

    5,750,000

    1,794,000

    -

    1,250,000

    Basic and diluted earnings (loss) per share
     
    $
    0.32

    $
    (0.45
    )
     
    $
    -

    $
    (0.00
    )

Income Taxes

The Company accounts for income taxes under ASC 740 Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.

ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those