SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2024

The accompanying unaudited condensed consolidated financial statements reflect the activities of the Company and each of the following entities:

SUMMARY OF SUBSIDIARY COMPANY OWNERSHIP

Name	Background	Ownership
Perfect Hexagon Holdings Limited (“Purchaser”)	A British Virgin Islands company Incorporated on April 20, 2023	100% Owned by the Company
Perfect Acquisitions Limited (“Merger Sub”)	A British Virgin Islands company Incorporated on April 27, 2023	100% Owned by Purchaser

SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED

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

	March 31, 2024			March 31, 2023
	For the Three Months			For the Three Months
	Ended			Ended
	March 31, 2024			March 31, 2023
Net income (loss)	$	358,034		$	286,493
Accretion of carrying value to redemption value		(492,523	)		(392,971	)
Net loss including accretion of carrying value to redemption value	$	(134,489	)	$	(106,478	)

SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED BY ORDINARY SHARE

	For the Three Months Ended						For the Three Months Ended
	March 31, 2024						March 31, 2023
	Redeemable			Non-Redeemable			Redeemable			Non-Redeemable
	Ordinary Share			Ordinary Share			Ordinary Share			Ordinary Share
Basic and diluted net loss per share:		-			-			-			-
Numerators:
Allocation of net loss including carrying value to redemption value	$	(88,502	)	$	(45,987	)	$	(70,304	)	$	(36,174	)
Accretion of carrying value to redemption value		492,523			-			392,971			-
Allocation of net income (loss)	$	404,021		$	(45,987	)	$	322,667		$	(36,174	)
Denominators:
Weighted-average shares outstanding		3,323,561			1,727,000			3,356,406			1,727,000
Basic and diluted net income (loss) per share	$	0.12		$	(0.03	)	$	0.10		$	(0.02	)

SCHEDULE OF FAIR VALUE HIERARCHY OF THE VALUATION TECHNIQUES

The following table presents information about the Company’s assets and liabilities that were measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.

	March 31,		Quoted Prices In Active Markets		Significant Other Observable Inputs		Significant Other Unobservable Inputs
Description	2024		(Level 1)		(Level 2)		(Level 3)
Assets:
Money market funds invested in U.S. Treasury*	$	36,402,174	$	36,402,174	$	-	$	-

	December 31,		Quoted Prices In Active Markets		Significant Other Observable Inputs		Significant Other Unobservable Inputs
Description	2023		(Level 1)		(Level 2)		(Level 3)
Assets:
Money market funds invested in U.S. Treasury*	$	35,909,651	$	35,909,651	$	-	$	-

*	included in investments held in trust account on the Company’s unaudited condensed consolidated balance sheets.

HHG Capital Corp 10-Q