WiMi Hologram Cloud Inc.
For the period ended Jun 30, 2026. Filed Sep 17, 2026.
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Jun 30, 2026 · Filed Sep 17, 2026
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EX-99.1 · Convertible notes payable
Convertible notes payable
Convertible notes are debt or equity instruments that either require or permit the investor to convert the instrument into equity securities of the issuer. The Company accounts for its convertible notes in accordance with ASC 470-20 Debt with Conversion and Other Options, whereby the convertible instrument is initially accounted for as a single unit of account, unless it contains a derivative that must be bifurcated from the host contract in accordance with ASC 815-15 Derivatives and hedging – Embedded Derivatives or the substantial premium model in ASC 470-20 Debt – Debt with Conversion and Other Options applies. For the six months ended June 30, 2026, the convertible notes payable amounted to RMB 184,908,865 (USD 27,148,962).
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