Company: RVRC
Filing Date: 2025-10-03
Form Type: S-1/A
Source: 0001213900-25-096094
Chunk: 205

Company: Revium Rx.
Filing Date: 2025-10-03
Form: S-1/A
Chunk 205
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 SIGNIFICANT ACCOUNTING POLICIES (Cont.)

ASC No. 350
allows an entity to first assess qualitative factors to determine whether it is necessary to perform the quantitative goodwill impairment
test. If the qualitative assessment does not result in a more likely than not indication of impairment, no further impairment testing
is required. If it does result in a more likely than not indication of impairment, the quantitative goodwill impairment test is performed.
Alternatively, ASC No. 350 permits an entity to bypass the qualitative assessment for any reporting unit and proceed directly to performing
the quantitative goodwill impairment test. If the carrying value of a reporting unit exceeds its fair value, the Company recognizes an
impairment of goodwill for the amount of this excess.

The Company
will perform the quantitative goodwill impairment test during the fourth quarter of each fiscal year, or more frequently if impairment
indicators are present and compares the fair value of the reporting unit with its carrying value.

During the period commencing July
23, 2024 through December 31, 2024, no goodwill impairment losses have been identified.

| r. | Accounting pronouncement recently adopted |

In November
2023, the FASB issued ASU 2023-07, “Improvements to Reportable Segment Disclosures (Topic 280)” which requires enhanced disclosure
of (1) significant segment expenses that are regularly provided to the CODM and included within each reported measure of segment profit
or loss, (2) the amount and description of the composition of other segment items which reconcile to segment profit or loss, and (3) the
title and position of the entity’s CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss
in assessing segment performance and allocating resources. The amendments also expand the interim segment disclosure requirements. This
new guidance is effective for annual periods beginning October 1, 2024, and interim periods beginning October 1, 2025. Early adoption
is permitted. The Company has adopted this standard for the fiscal year 2024 annual financial statements and interim financial statements
thereafter and has applied this standard retrospectively for all prior periods presented in the financial statements. See Note 12
– Segment Reporting for further information.

| s. | Recently issued accounting pronouncements not yet adopted |

In December
2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures, which requires disaggregated information