Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 197

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 197
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 December 31, 2019 through December 31,
2023 remain open for statutory examination.

Operating leases

The Company leases its offices, which are classified
as operating leases in accordance with Topic 842. Operating leases are required to record in the balance sheet as right-of-use assets
and lease liabilities, initially measured at the present value of the lease payments. The Company has elected the package of practical
expedients, which allows the Company not to reassess (1) whether any expired or existing contracts as of the adoption date are or
contain a lease, (2) lease classification for any expired or existing leases as of the adoption date, and (3) initial direct
costs for any expired or existing leases as of the adoption date. The Company elected the short-term lease exemption as the lease terms
are 12 months or less.

At the commencement date, the Company recognizes
the lease liability at the present value of the lease payments not yet paid, discounted using the interest rate implicit in the lease
or, if that rate cannot be readily determined, the Company’s incremental borrowing rate for the same term as the underlying lease.

The right-of-use asset is recognized initially
at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct costs incurred, consisting mainly
of brokerage commissions, less any lease incentives received. All right-of-use assets are reviewed for impairment. There was no impairment
for right-of-use lease assets as of December 31, 2024.

Comprehensive
(loss) income

A comprehensive (loss) income includes net (loss)
income and other comprehensive (loss) income arising from foreign currency adjustments. Comprehensive (loss) income is reported in the
consolidated statements of (loss) income and comprehensive loss income.

F-17

ABLE VIEW GLOBAL INC.

2. SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES(cont.)

(Loss) earnings
per share

In accordance with ASC 260, Earnings Per
Share, basic net (loss) earnings per share is computed by dividing net (loss) income attributable to ordinary shareholders by the weighted
average number of unrestricted ordinary shares outstanding during the year using the two-class method. Under the two-class method, net
(loss) income is allocated between ordinary shares and other participating securities based on dividends declared (or accumulated) and
participating rights in undistributed earnings as if all the earnings for the reporting period had been distributed. The Company’s
convertible redeemable preferred shares are participating