Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 685

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 5
Chunk 685
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 additional voluntary disclosures that may provide investors with additional decision-useful information. In January 2025, the
FASB issued ASU Update 2025-01, “Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40).”
The Board issued this Update to clarify the effective date of Accounting Standards Update 2024-03 to be effective for public business
entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027,
“Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income
Statement Expenses.” The amendments in the new standard should be applied either prospectively to financial statements issued for
reporting periods after the effective date or retrospectively to any or all prior periods presented in the financial statements. Management
does not expect this guidance to have a material impact to its consolidated financial statements or related disclosures.

In
May 2025, the FASB issued ASU 2025-03, Business Combinations (Topic 805) and Consolidation (Topic 810) (“ASU 2025-03”), which
clarifies the requirements for determining the accounting acquirer in the acquisition of a variable interest entity. ASU 2025-03 is effective
for annual periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. The amendments
in this update require that an entity apply the new guidance prospectively to any acquisition transaction that occurs after the initial
application date. Early adoption is permitted as of the beginning of an interim or annual reporting period. The Company is currently
evaluating the disclosure impact that ASU 2025-03 may have on its consolidated financial statement presentation and disclosures.

In
May 2025, the FASB issued ASU 2025-04, Compensation - Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic
606) (“ASU 2025-04”), which clarifies the requirements for share-based consideration payable to a customer. The amendments
in this update are effective for all entities for annual reporting periods (including interim reporting periods within annual reporting
periods) beginning after December 15, 2026. Early adoption is permitted for all entities. The Company is currently evaluating the disclosure
impact that ASU 2025-04 may have on its consolidated financial statement presentation and