Company: ZDAN
Filing Date: 2025-07-28
Form Type: F-1/A
Source: 0001683168-25-005450
Chunk: 152

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-07-28
Form: F-1/A
Chunk 152
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 Proceeds from short-term bank loan were $694,028 and 425,332 for the fiscal years ended September 30, 2024 and 2023, respectively. Repayment of short-term bank loans were $416,417 and nil for the fiscal years ended September 30, 2024 and 2023, respectively; |
| (ii)  | Proceeds from investors were nil and $238,113 for the fiscal years ended September 30, 2024 and 2023, respectively; and                                                                                                                                           |
| (iii) | Loan funds received from related parties were $13,881 and $1,458,321 and loan repayment to related parties were $13,881 and $663,669 for the fiscal years ended September 30, 2024 and 2023, respectively.                                                        |

Based on current operating
plan, our management believes that the Company will be able to meet future liquidity and capital requirement for at least next twelve
months from the date of the issuance of the audited financial statements.

<div align='center'>Disclosure of Contractual Obligations</div>

There are no material contractual
obligations as of September 30, 2024, and 2023, except for the operating lease commitment. See “— Commitment.”

<div align='center'>Capital Expenditures on Intangible Assets</div>

Our capital expenditures
consist primarily of expenditures in the development of software as a result of our continued technological improvement on our products.
Our capital expenditures for intangible assets amounted to $12,210 and $593,670 for the fiscal year ended September 30, 2024 and 2023,
respectively.

We follow Financial Accounting
Standards Board (“FASB”) ASC 985 to account for software development costs incurred for external use software. ASC985 requires
all development costs to establish the technological feasibility of external-use software to be expensed as incurred. Development costs
incurred after establishing technological feasibility to produce the “product master,” referred to as “production costs,”
are capitalized to the extent recoverable by the net realizable value of the software product until the product is available for general
release.

Our development projects
for the fiscal years ended September 30, 2024 and 2023 are listed as below.

| 1 | Name                               
 of Intangible Assets               
 Rushujiazhen                       | Type     
 Licensed 
 software | Date                        
 of Feasibility Study Report 
 October                     
 1, 2021