Company: CLIK
Filing Date: 2025-02-19
Form Type: 20-F
Source: 0001213900-25-015041
Chunk: 10

Company: Click Holdings Ltd.
Filing Date: 2025-02-19
Form: 20-F
Item: Item 5
Chunk 10
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2024 and 6M2023 were $2,255 and $1,114, respectively, which represent cash payment for purchase of property and equipment.
 
Financing activities
 
For 6M2024, net cash used in financing activities was approximately $0.2 million, mainly consisted of repayments on bank loans of approximately $0.8 million and deferred offering cost of approximately $0.7 million, which were offset by proceeds from bank loans of approximately $0.7 million and proceeds from issuance of ordinary shares of approximately $0.5 million. For 6M2023, net cash used in financing activities was approximately $0.3 million, mainly consisted of repayments on bank loans of approximately $1.3 million, which were offset by proceeds from bank loans of approximately $1.0 million.
 
Off-Balance Sheet Arrangements
 
We had not entered any material off-balance sheet transactions and arrangements in 6M2024 and 6M2023.
 
Leased Properties
 
We leased an office in Unit 709, 7/F., Ocean Centre, 5 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong with an aggregate area of 1,834 square feet from July 2022 to July 2025. The monthly rent for our office is $9,781 (HK$76,294).
 
Contractual obligations
 
The following table summarizes our contractual obligations as of June 30, 2024:
 

                                                   Payment due by period                                
--------------------------------------------------------------------------------------------------------
                   Less than                1 to 3 years              More than             Total       
                   1 year                                             3 years                           
Borrowings                448,718                    —                       —                   448,718
Lease obligation          114,842                    —                       —                   114,842
Capital Expenditures
 
For 6M2024 and 6M2023, we purchased property and equipment of $2,255 and $1,114, respectively, mainly for use in our operations.
 
Comparison of Years Ended December 31, 2023 and 2022
 
In evaluating our liquidity and capital resources for the years ended December 31, 2023 and 2022, you should carefully consider the information provided under the caption “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Prospectus.
 
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 C.  Research and Development
 
We did not have any research and development activities and thus no research and development policies