Company: FVN
Filing Date: 2025-05-30
Form Type: S-4/A
Source: 0001829126-25-004067
Chunk: 607

Company: Future Vision II Acquisition Corp.
Filing Date: 2025-05-30
Form: S-4/A
Chunk 607
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 2024, three customers accounted for 38%, 14% and 14% of the Company’s total revenues, for the six months ended March 31, 2024, three customers accounted for 31%, 12% and 10% of the Company’s total revenues, respectively.

As of March 31, 2025, three customers accounted for 52%, 25% and 13% of the Company’s accounts receivable, respectively. As of September 30, 2024, three customers accounted for 39%, 36% and 25% of the Company’s accounts receivable, respectively.

Vendor concentration risk

For the three months ended March 31, 2025, four vendors accounted for 24%, 19%, 17% and 13% of the Company’s total purchases, for the six months ended March 31, 2025, five vendors accounted for 23%, 15%, 15%, 14% and 13% of the Company’s total purchases, respectively. For the three months ended March 31, 2024, three vendors accounted for 26%, 16% and 14% of the Company’s total purchases, for the three months ended March 31, 2024, three vendors accounted for 33%, 23% and 18% of the Company’s total purchases, respectively.

As of March 31, 2025, three vendors accounted for 37%, 27% and 17% of the Company’s accounts payable, respectively. As ofSeptember
30, 2024, three vendors accounted for 65%, 18% and 13% of the Company’s accounts payable, respectively.

<div align='center'>F-76</div>

Note 9 — Leases

Lease commitments

Foroperating leases, we calculated right of use assets and lease liabilities based on the present value of the remaining lease payments as of the date of adoption using the incremental borrowing rate, in accordance with ASC 842, Leases.

As
of March 31, 2025, the Company had two non-cancellable lease contracts.

Supplemental balance sheet information related to operating lease was as follows:

|                                 |     | September 30, |         |     | March 31, |         |     | March 31, |        |
|                                 |     |          2024 |         |     |      2025 |         |     |      2025 |        |
|