Company: GRAN
Filing Date: 2025-04-09
Form Type: F-1/A
Source: 0001213900-25-030179
Chunk: 265

Company: Grande Group Ltd/HK
Filing Date: 2025-04-09
Form: F-1/A
Chunk 265
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. ASC Topic 825, “Financial Instruments” defines fair value and establishes a three -levelvaluation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, accounts receivables, other current assets, accrued expenses and other current liabilities, contract liabilities and amounts due to a related party, each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows:

| Level 1: |     | inputs to the valuation methodology used quoted prices for identical assets or liabilities in active markets.                                                                                                                                                         |
| Level 2: |     | inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets and information that are observable for the asset or liability, either directly or indirectly, for substantially the financial instrument’s full term. |
| Level 3: |     | inputs to the valuation methodology are unobservable and significant to the fair value measurement.                                                                                                                                                                   |

The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity” and ASC 815. Recent accounting pronouncements In December 2023, the FASB issued ASU 2023 -09— Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023 -09”). This standard requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The ASU is effective for public business entities for annual periods beginning after December 15, 2024. For all other entities, the standard is effective for annual periods beginning after December 15, 2025. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements and related disclosures.

F-16

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s consolidated balance sheets, statements of operations and statements of cash flows. NOTE 3 — ACCOUNTS RECEIVABLE, NET Accounts receivable, net consists of the following:

|                                          |     | March 31, |    2024 |   |     |   |    2023