Company: FVN
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001829126-25-003643
Chunk: 63

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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000, will be paid in cash, and 28,750 representative shares will be issued, both of which as the deferred underwriting commission at the consummation of a Business Combination.

Note 8 — Segment Information

ASC Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s CODM, or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified as the Chief Executive Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that there is only one reportable segment.

The CODM assesses performance for the single segment and decides on resource allocation based on the net income or loss reported on the statement of operations and comprehensive income (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 included in net income or loss and total assets, which include the following:

    Schedule of Segment Information

    March 31, 2025

    December 31, 2024

    (Unaudited)

    Cash
     
    $
    1,142,445

    $
    1,332,505

    Marketable securities held in Trust Account
     
    $
    59,218,058

    $
    58,605,697

        For the Three Months EndedMarch 31,
        2025

    For thePeriod FromJanuary 30, 2024 (Inception) Through March 31,2024

    (Unaudited)

    (Unaudited)

    Operating expenses
     
    $
    166,900

    $
    2,091

    Income earned on marketable securities held in Trust Account
     
    $
    612,361

    $
    -

    18

FUTURE VISION II ACQUISITION CORP. NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS March 31, 2025

The CODM reviews income earned on marketable securities held in Trust