Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 371

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 371
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 our financial condition or results of operations. There are items within our financial statements that require estimation but are not deemed critical, as defined herein. The critical accounting policies and the judgments, estimates and assumptions associated with such policies, that we believe have the greatest potential impact on the consolidated financial statements are disclosed in Note 1 of the Notes to Consolidated Financial Statements in this proxy statement/prospectus. Recent Accounting Pronouncements From time to time, the Financial Accounting Standards Board (“ FASB”) or other standards -settingbodies issue new accounting pronouncements. Updates to the FASB Accounting Standards Codification are communicated through the issuance of an Accounting Standards Update (“ ASU”). The Company considers the applicability and impact of all ASUs on the Company’s financial position, results of operations, cash flows or presentation thereof. Described below are ASUs that are not yet effective but may be applicable to the Company’s financial position, results of operations, cash flows or presentation thereof. As of the issuance of Gryphon’ consolidated financial statements, there were no ASUs that management assessed and determined to be applicable to the Company’s financial position, results of operations, cash flows or presentation thereof. Recently Adopted Pronouncements On December 13, 2023, the FASB issued ASU No. 2023 -08, Intangibles — Goodwill and Other — Crypto Assets (Topic 350 -60): Accounting for and Disclosure of Crypto Assets. ASU 2023 -08requires entities to measure crypto assets that meet specific criteria at fair value with changes recognized in net income each reporting period. Additionally, ASU 2023 -08requires an entity to present crypto assets measured at fair value separately from other intangible assets in the balance sheets and record changes from remeasurement of crypto assets separately from changes in the carrying amounts of other intangible assets in the income statement. The new standard is effective for the Company for its fiscal year beginning January 1, 2025, with early adoption permitted. The Company adopted ASU 2023 -08on January 1, 2024. The adoption of the ASU 2023 -08was a $740,000 increase of our digital assets, as of January 1, 2024. In November 2023, the FASB issued ASU 2023 -07, “Segment Reporting (ASC Topic 280): Improvements to Reportable Segment Disclosures.” The amendments require the disclosure of significant segment expenses as well as expanded interim disclosures, along