Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 118

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 118
---
 100%                    
                                                    Incorporated                                                                                                                    
                                                    A                                                                                                                               
  CK                                                A                                                                                                       100%                    
                                                    Incorporated                                                                                                                    
                                                    Direct                                                                                                                          

  (1)      These                                                                                                                                    
  (2)      On                                                                                                                                       
  (3)      On                                                                                                                                       
  (4)      On                                                                                                                                       
  (5)      On                                                                                                                                       
  (6)      On                                                                                                                                       
  (7)      On 17 February 2025, EHHL subscribed to 2,157,551 shares and Fortress subscribed                                                         

EUDA
HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

(In
U. S. dollars, unless stated otherwise)

Note
2 - Going concern

In
assessing the Company’s going concern, the Company monitors and analyzes its cash on-hand and its operating and capital expenditure
commitments. The Company’s liquidity needs are to meet its working capital requirements, operating expenses and capital expenditure
obligations. Debt financing in the form of short-term borrowings from bank, private lender, third parties and related parties and cash
generated from operations have been utilized to finance the working capital requirements of the Company. As of December 31, 2024, the
Company’s working capital deficit was approximately $ 3.4 0.2

If
the Company is unable to generate sufficient funds to finance the working capital requirements of the Company within the normal operating
cycle of a twelve-month period from the date of these financial statements are issued, the Company may have to consider supplementing
its available sources of funds through the following sources:

  other                                                                                                    
  equity                                                                                                   

The
Company can make no assurances that required financings will be available for the amounts needed, or on terms commercially acceptable
to the Company, if at all. If one or all of these events does not occur or subsequent capital raises are insufficient to bridge financial
and liquidity shortfall, there would likely be a material adverse effect on the Company and would materially adversely affect its ability
to continue as a going concern.

The
consolidated financial statements have been prepared assuming that the Company will continue as a going concern. Management is
trying to alleviate the going concern risk by securing various financing resources, including but not limited to borrowing from the
Company’s shareholders and certain of their affiliates, as well as the possibility of raising funds through a future public
offering thereby, enabling the Company to