MicroAlgo Inc.
For the period ended Jun 30, 2025. Filed Sep 10, 2025.
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Jun 30, 2025 · Filed Sep 10, 2025
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Contents
EX-99.1 · Segment reporting
Segment reporting
FASB ASC 280, Segment Reporting, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments.
The Company uses the management approach to determine reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker (“CODM”) for making decisions, allocating resources and assessing performance. The Company’s CODM has been identified as the CEO, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company.
Based on management’s assessment, the Company determined that it has one operating segment and therefore one reportable segment as defined by ASC 280, which is provided central processing algorithm services and intelligent chips and services. All of the Company’s net revenues were generated in the PRC and Hong Kong.
| 1 | Number of shares has been retrospectively adjusted for the share consolidation, refer to note 12. |
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