Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 165

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 165
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 that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. The Singapore
Deposit Insurance Corporation Limited (SDIC) insures deposits in a Deposit Insurance (DI) Scheme member bank or finance company up to
approximately $ 57,000 75,000 70,670 177,205 0 84,870 250,000 15,237 10,820 53,000 250,000 151,506 0 79,219 0

The
Company is also exposed to risk from accounts receivable and other receivables. These assets are subjected to credit evaluations. An
allowance has been made for estimated unrecoverable amounts which have been determined by reference to past default experience and the
current economic environment.

Note
19 - Leases

As
of December 31, 2024 and 2023, the Company has leased three offices, which were classified as operating leases. In addition, the Company
had two office equipment leases which were classified as finance leases.

The
Company occupies various offices under operating lease agreements with a term shorter than twelve months which it elected not to recognize
lease assets and lease liabilities under ASC 842. Instead, the Company recognized the lease payments in profit or loss on a straight-line
basis over the lease term and variable lease payments in the period in which the obligation for those payments is incurred.

The
Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

EUDA
HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

The
Company recognized lease expense on a straight-line basis over the lease term for operating lease. Meanwhile, the Company recognized
the finance leases ROU assets and interest on an amortized cost basis. The amortization of finance ROU assets is recognized on an accretion
basis as amortization expense, while the lease liability is increased to reflect interest on the liability and decreased to reflect the
lease payments made during the period.

The
ROU assets and lease liabilities are determined based on the present value of the future minimum rental payments of the lease as of the
adoption date, using weighted average interest rate of 5.94 9.60

Operating
and finance lease expenses consist of the following:

Schedule
of operating and finance lease expenses

                                                                           For the Years Ended                                                                                      
                                     Classification                        December