Company: LHI
Filing Date: 2025-11-20
Form Type: F-1/A
Source: 0001213900-25-112807
Chunk: 253

Company: Living Homeopathy International Ltd.
Filing Date: 2025-11-20
Form: F-1/A
Chunk 253
---
 equipment               |     |                 |   18,915 |   |     |   |     18,805 |   |
| Total costs                    |     |                 |  354,329 |   |     |   |  3,511,643 |   |
| Less: accumulated depreciation |     |                 | (354,329 | ) |     |   | (1,521,624 | ) |
| Property and equipment, net    |     | $               |        - |   |     | $ |  1,990,019 |   |

Note: On August 13, 2024, Living HK transferred
the ownership of the land and building with net carrying amount of $1,962,362 and released the property installment loan agreements between
Living HK and Hang Seng Bank of $2,162,619 to Mr. To, the controlling shareholder of the Company, which resulted in a decrease of $200,257
amount due from shareholder. In addition, the Company paid the stamp duty of $161,426 for the transfer of ownership of the land and building
on behalf of Mr. To, which resulted in a corresponding addition to the outstanding amount due from shareholder. The above transactions
resulted in a net decrease of $38,831 in the amount due from shareholder.

Depreciation expenses were $36,052 and $86,321
for the years ended March 31, 2025 and 2024, respectively.

Note 5 – Right-of-use assets, net and operating lease liabilities

The Company entered into leases for use of retail store and warehouse
premises in Hong Kong.

Right-of-use assets, net, consisted of the following:

|                                |     | As of March 31, |     2025 |   |     |   |       2024 |   |
|:-------------------------------|:----|:----------------|---------:|:--|:----|:--|-----------:|:--|
| Cost                           |     | $               |  528,196 |   |     | $ |  1,127,066 |   |
| Less: accumulated amortization |     |                 | (215,770 | ) |     |   | (1,081,615 | ) |
| Right-of-use assets, net       |     | $               |  312,426 |   |     | $ |     45,451 |   |

Operating lease liabilities consisted of