Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 689

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 6
Chunk 689
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 determine such fair value.

    December 31,  
    Quoted Prices In Active Markets  
    Significant Other Observable Inputs  
    Significant Other Unobservable Inputs 
  
    Description 
    2024  
    (Level 1)  
    (Level 2)  
    (Level 3) 
  
    Assets: 

    U.S. Treasury Securities held in Trust Account 
    $70,373,065  
    $70,373,065  
    $         -  
    $            - 

    December 31,  
    Quoted Prices In Active Markets  
    Significant Other Observable Inputs  
    Significant Other Unobservable Inputs 
  
    Description 
    2023  
    (Level 1)  
    (Level 2)  
    (Level 3) 
  
    Assets: 

    U.S. Treasury Securities held in Trust Account 
    $154,823,318  
    $154,823,318  
    $           -  
    $         - 

●Income taxes

Income taxes are determined in accordance with
the provisions of ASC Topic 740, Income Taxes (“ASC 740”). Under this method, deferred tax assets and liabilities
are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing
assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates
expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any effect
on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

ASC 740 prescribes a comprehensive model for how
companies should recognize, measure, present, and disclose in their consolidated financial statements uncertain tax positions taken or
expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the consolidated financial statements
when it is more likely than not the position will be sustained upon examination by the tax authorities. The Company’s management
determined that the British Virgin Islands and Cayman Islands are the Company’s major tax jurisdiction. The Company recognizes accrued
interest and penalties related to unrecognized tax benefits, if any, as income tax expense. There were no unrecognized tax benefits and
no amounts accrued for interest and penalties as of December 31, 2024 and 202