Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 254

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 254
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type of service, the series of tasks discussed above are interrelated and cannot be separated or differentiated, because the goal of the
clients is to have a usable system for the exhibition and conference. They cannot benefit from individual task. The single performance
obligation identified is the complete service is provided to the client during the contract period. The Group is the principal party in
fulfilling the identified performance obligation. The control of the service is transferred to the client at a point in time when the
complete service is provided to the client, as the client can only be benefited when the complete service is provided. Thus the revenue
is recognized at a point in time when the provision of service is completed.

Revenues are measured as
the amount of consideration the Group expects to receive in exchange for providing the service to customers. Consideration is recorded
net of value-added tax, and there is no variable consideration exists in the exhibition and conference services.

As the Group sold 60% equity
of Guangzhou Sanyi Network, this type of income was reclassified to income from discontinued operations.

Hardware sales

Revenue generated from hardware
sales when the Group provides sales of gates, blue-tooth door key and face recognition device which are usually used in conjunction with
the software system developed by the Group. The hardware can be provided with or without the installation services. The covenants identified
are the provision of hardware and the installation service. For this type of revenue, the installation service is relatively immaterial
compared to the hardware sales as it is usually free of charge and is only an accessory process to make the hardware operable. The single
performance obligation identified is the provision of hardware to the customers. The recognition of the revenue is when the customer has
confirmed the receipt of the hardware, which is the point in time that the control of the product is transferred to the customer and the
performance obligation is satisfied.

The Group presents the revenue
generated from its hardware sales on a gross basis as the Group is the principal party in satisfying the performance obligation. The Group
has control of the goods and has the ability to direct the use of goods to obtain substantially all the benefits. In making this determination,
the Group also assesses whether it is primarily obligated in these transactions, is subject to inventory risk, has latitude in establishing
prices, or has met several but not all of these indicators.

Revenues are measured as
the amount of consideration the Group expects to receive in exchange for transferring products to customers. Consider