Company: FVN
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001829126-25-001482
Chunk: 51

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 1B
Chunk 51
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 earnings of the Company. As a result, diluted income (loss) per share is the same as basic income (loss) per share
for the period presented.

The net income (loss) per share presented in the statements of operations is based on the following:

    Schedule of consolidated statements of operations

    For thePeriod From January 30, 2024 (Inception) Through

    December 31,2024

    Net income
     
    $
    640,343

    Less: Accretion of redeemable ordinary shares subject to redemption value

    (1,332,947
    )
  
    Net loss including accretion of redeemable ordinary shares to redemption value

    (692,604
    )

    F-14

FUTURE VISION II ACQUISITION CORP.

NOTES TO FINANCIAL STATEMENTS

December 31, 2024

The net income (loss) per share presented in the statement of operations is based on the following:

    Schedule of Basic and Diluted Net Loss Per Share

    For thePeriod FromJanuary 30, 2024(Inception) Through

    December 31,2024

    RedeemableOrdinary Share

    Non-Redeemable Ordinary Share

    Numerators:

    Allocation of net loss
     
    $
    (392,470
    )
     
    $
    (300,134
    )
  
    Accretion of initial measurement of ordinary shares subject to redemption value

    1,332,947

    -

    Allocation of net income (loss)
     
    $
    940,477

    $
    (300,134
    )
  
    Denominators:

    Weighted-average ordinary shares outstanding

    1,865,327

    1,426,476

    Basic and diluted net income (loss) per share
     
    $
    0.50

    $
    (0.21
    )

Income Taxes

The Company accounts for income taxes under ASC 740 Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.