Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 821

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 821
---
    (1)
    Financial
    Statements:

    Page
  
    Report of Independent Registered Public Accounting Firm (PCAOB ID: 1195)
    F-2
  
    Balance Sheets
    F-3
  
    Statements of Operations
    F-4
  
    Statements of Changes in Shareholders’ Deficit
    F-5
  
    Statements of Cash Flows
    F-6
  
    Notes to Financial Statements
    F-7

F-1

Report
of Independent Registered Public Accounting Firm

To the Board of Directors and

Shareholders of DT Cloud Star Acquisition Corporation

Opinion on the Financial Statements

We have audited the accompanying balance sheets of
DT Cloud Star Acquisition Corporation (the Company) as of December 31, 2024 and 2023, and the related statements of operations, changes
in shareholders’ deficit, and cash flows for each of the years in the two-year period ended December 31, 2024, and the related notes
(collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material
respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows
for each of the years in the two-year period ended December 31, 2024, in conformity with accounting principles generally accepted in the
United States of America.

Substantial Doubt about the Company’s Ability
to Continue as a Going Concern

The accompanying financial statements have been prepared
assuming the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company does not have sufficient
cash to sustain its operations and has no revenue, its business plan is dependent on the completion of a business combination on or before
October 25, 2025, which is less than one year from the issuance date of the financial statements. If a business combination is not consummated
by this date or an extension is not obtained, there will be a mandatory liquidation and subsequent dissolution of the Company. These conditions
raise substantial doubt about the Company’s ability to continue as a going concern. Management’s evaluation of the events
and conditions and management’s plans regarding these matters are also described in Note 1 to the financial statements. The financial
statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the
responsibility of