Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 784

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 5
Chunk 784
---
 
     26,832,298  
     72,994,711 
  
    Total marketable securities held in Trust Account 
    1 
    $26,832,298  
    $72,994,711 

NOTE 10. 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 chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

F-22

The Company’s chief operating decision maker
(“CODM”) has been identified as the Chief Executive Officer and the Chief Financial 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 how to allocate resources based on net income or loss that also is reported on the statement of operations as net income or
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:

    For the Years Ended 
December 31, 

    2024  
    2023 
  
    General and administrative expenses 
    $2,293,333  
    $543,536 
  
    Interest earned on the Trust Account 
    $3,296,420  
    $2,606,031 

The CODM reviews interest earned on the Trust
Account to measure and monitor stockholder value and determine the most effective strategy of investment with the Trust Account funds
while maintaining compliance with the Trust Agreement.

General and administrative expenses are reviewed
and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a business combination or similar
transaction within the business combination period. The CODM also reviews general and administrative costs to manage, maintain and enforce
all contractual agreements to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported