Company: APACU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009045
Chunk: 16

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 share:

    Numerator:

    Allocation of net loss, as adjusted
     
    $
    (46,415
    )
     
    $
    (58,376
    )
  
    Denominator:

    Basic and diluted weighted average ordinary shares outstanding

    1,666,667

    1,666,667

    Basic and dilution net loss per ordinary share
     
    $
    (0.03
    )
     
    $
    (0.04
    )

    For the three months ended September 30, 2024

    For the period June 19, 2024
    (inception) through September 30, 2024

    Basic and diluted net loss per ordinary share:

    Numerator:

    Allocation of net loss, as adjusted
     
    $
    (5,589
    )
     
    $
    (5,589
    )
  
    Denominator:

    Basic and diluted weighted average ordinary shares outstanding

    5,000,000

    5,000,000

    Basic and dilution net loss per ordinary share
     
    $
    (0.00
    )
     
    $
    (0.00
    )

    12

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 unaudited condensed 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 benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim period, disclosure and transition.

ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized,