Company: FVN
Filing Date: 2025-03-27
Form Type: DRS/A
Source: 0001829126-25-002094
Chunk: 542

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-27
Form: DRS/A
Chunk 542
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Financial instruments included
in current assets and current liabilities are reported in the consolidated balance sheets at face value or cost, which approximate fair
value because of the short period of time between the origination of such instruments and their expected realization and their current
market rates of interest.

<div align='center'>F-31</div>

The Company adopted Accounting
Standards Update (“ASU”) 2014-09 Revenue from Contracts with Customers (ASC Topic 606). The ASU requires the use of a new
five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identifies the contract
with the customer, (ii) identifies the performance obligations in the contract, (iii) determines the transaction price, including variable
consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocates the transaction price
to the respective performance obligations in the contract, and (v) recognizes revenue when (or as) the Company satisfies the performance
obligation.

(i) Martech services

Martech service is a marketing
strategy based on Business intelligence technology and data analysis. For the Martech Services, the Company’s performance obligation
is to help customers to accurately match consumers and traffic users, and thereby increasing the conversion rate of product sale using
Business intelligence and data-driven technologies. Revenue is recognized at a point in time when the related services have been delivered
based on the specific terms of the contract, which are commonly based on specific action (i.e. cost per Mille impression (“CPM”)
for online display.)

The Company enters advertising
contracts with advertisers where the amounts charged per specific action are fixed and determinable, the specific terms of the contracts
were agreed on by the Company, and the advertisers. Revenue is recognized on a CPM basis as impressions.

(ii) Software development services

The Company also offers
Software development services based on customers’ specific needs. The contract is typically fixed priced and does not provide any
post-contract customer support or upgrades. The Company’s performance obligation is to design, develop, test and install the related
software for customers, all of which are considered one performance obligation as the customers do not obtain benefit for each separate
service.

The duration of the development
period is generally short, usually less than two months. Therefore, the Company’s Software development service revenue is recognized
at a point in time when the software product has been delivered to and accepted by customers.

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Timing of