Company: BSAAR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075690
Chunk: 85

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 85
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otment option on June 16, 2025  $74,829    Fair value as of June 30, 2025  $74,829    

Note 9 — Segment Information ASC Topic 280, “Segment Reporting,” establishes standards for companies to report, in their financial statements, information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.  The Company’s chief operating decision maker has been identified as the Chairman, Chief Executive Officer and Chief Financial Officer (“CODM”), who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one reportable segment.  18   The CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported on the statement of operations as net income or loss. The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics, which include the following:         June 30,  2025   December 31,  2024   Cash  $1,774,995   $—    Prepaid expenses  $117,197   $15,000    Deferred offering costs  $—   $12,500    Investments held in Trust Account  $55,087,764   $—    Total Assets  $56,979,956   $27,500     The CODM reviews the position of total assets available with the Company to assess if the Company has sufficient resources available to discharge its liabilities.      For the three months ended June 30, 2025   For the six months ended June 30, 2025   General and administrative expenses  $93,555   $134,223    Interest earned on investments held in Trust Account  $87,764   $87,764    The key measures of segment profit or loss reviewed by the CODM are general and administrative expenses and interest earned on investments held in Trust Account. General and administrative expenses include insurance expenses, Nasdaq listing expenses, trust service expenses, auditing expenses, printing expenses