Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 1783

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 1783
---
 Deficit 
  
    Balance-December 31, 2022 
     -  
    $-  
     4,312,500  
    $431  
    $-  
    $(552,763) 
    $(552,332)
  
    Remeasurement of Class A ordinary shares to redemption amount 
     -  
     -  
     -  
     -  
     (704,464) 
     (5,320,149) 
     (6,024,613)
  
    Gain on settlement of related party payables 

     704,464  
     -  
     704,464 
  
    Conversion of Class B into Class A shares 
     4,312,500  
     431  
     (4,312,500) 
     (431) 

    Net income 
     -  
     -  
     -  
     -  
     -  
     4,256,395  
     4,256,395 
  
    Balance-December 31, 2023 
     4,312,500  
    $431  
     -  
    $-  
    $-  
    $(1,616,517) 
    $(1,616,086)

The accompanying notes are an integral part
of the financial statement. 

F-5

APX ACQUISITION CORP. I 

STATEMENTS OF CASH FLOWS 

    For the Year Ended December 31, 2024  
    For the Year Ended December 31, 2023 
  
    Cash Flows from Operating Activities: 

    Net (loss) income 
    $(119,057) 
    $4,256,395 
  
    Adjustments to reconcile net income to net cash (used in) provided by operating activities: 

    Change in fair value of warrant liabilities 
     527,250  
     562,277 
  
    Interest earned on marketable securities held in trust 
     (3,278,038) 
     (4,320,595)
  
    Amortization of debt discount 
     -  
     82,345 
  
    Gain on settlement of debt 
     -  
     (117,373)
  
    Gain on settlement