Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 1433

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 1433
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 different application dates for public or private
companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new
or revised standard. This may make comparison of the Company’s financial statements with another public company, which is neither
an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible
because of the potential differences in accounting standards used. 

Use of Estimates 

The preparation
of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported
amounts of revenues and expenses during the reporting period. 

Making estimates
requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition,
situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its
estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly
from those estimates. 

Operating Segments

The Company operates as one operating
segment. Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated
by the chief operating decision maker (“CODM”), which is the Chief Executive Officer and Chairman of the Board, in deciding
how to allocate resources and assess performance. The Company’s CODM evaluates the Company’s financial information and resources
and assesses the performance of these resources. The Company is not organized by market and is managed and operated as one business. A
single management team that reports to the CODM comprehensively manages the entire business. Accordingly, the Company does not accumulate
discrete financial information with respect to separate divisions and does not have separate operating or reportable segments. Since the
Company operates in one operating segment, all required financial segment information can be found in the financial statements.

Cash and Cash Equivalents

The Company
considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company
had $120 and $8,167 in cash and no cash equivalents as of December 31, 2024, and 2023, respectively. 

F-14

Investments Held in Trust
Account 

As of December
31, 2024, and 2023, the Company had $6