Company: ACBM
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001640334-25-001302
Chunk: 31

Company: ACRO BIOMEDICAL CO., LTD.
Filing Date: 2025-07-24
Form: 10-Q
Item: Item 8
Chunk 31
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NOTE 5 - LEASES On November 1, 2023, the Company entered into a lease agreement to rent a storage facility in Hong Kong for a two-year term at an annual rental of HK$17,900 (approximately $2,315) per month and HK$35,800 (approximately $4,600) as a security deposit.  These payments were paid by a minority stockholder on behalf of the Company (see Note 4).  The lease expires in December 2025. In accordance with ASC 842, the Company recognized operating lease ROU assets and lease liabilities, which had balances as follows:   March 31,  December 31,   2025  2024 Operating lease ROU asset $20,324  $26,898    March 31,  December 31, Operating lease liabilities 2025  2024 Current portion $18,009  $26,898 Non-current portion  -   - Total $18,009  $26,898  Future minimum lease payments under operating leases at March 31, 2025, were as follows: Remainder of 2025 $18,520 Thereafter  - Total  18,520 Less Imputed interest  (511)Operating lease liabilities $18,009  The Company recognized total lease expenses of $6,945 and $6,945 for the three months ended March 31, 2025 and 2024, respectively.

NOTE 6 - SUBSEQUENT EVENTS The Company has evaluated subsequent events that have occurred after the date of the balance sheet through the date of the issuance of these unaudited financial statements and determined that no subsequent event requires recognition or disclosure to the unaudited financial statements.

 10Table of Contents

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis of financial condition and results of operations should be read in conjunction with our financial statements and related notes included elsewhere in this report. This discussion contains forward-looking statements that involve risks, uncertainties and assumptions. See “Forward-Looking Statements.”

Overview

Since January 30, 2017, following a change of control, we have been engaged in the business of developing and marketing nutritional products that promote wellness and a healthy lifestyle. Our business has involved the