Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 433

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 5
Chunk 433
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 prepayments, due from
related parties, accounts payable, deferred revenue, accrued expenses, due to related parties and other payables. As of June 30, 2025
and 2024, the carrying values of these financial instruments approximated their fair values due to the short-term maturity of these instruments.

F-10

LONGDUODUO
COMPANY LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE YEARS ENDED JUNE 30, 2025 AND JUNE 30, 2024

J.
Segment information and geographic data

The
Company is operating in one segment in accordance with the accounting guidance in FASB ASC Topic 280, Segment Reporting.
The company’s revenues are from customers in the People’s Republic of China (“PRC”). Substantially all assets
of the Company are located in the PRC.

K.
Revenue recognition

The
Company adopted FASB ASC Section 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from
the sales of products and services by applying the following steps: (1) identify the contract with a customer; (2) identify the performance
obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in
the contract; and (5) recognize revenue when each performance obligation is satisfied.

The
Company recognizes revenue when the amount of revenue can be reliably measured, it is probable that economic benefits will flow to the
entity, and specific criteria have been met for each of the Company’s activities as described below.

Service
Revenue

The
Company sells healthcare service packages to customers, which represent the rights to services purchased by the Company. The delivery
of a healthcare service package to a customer represents a separate performance obligation. The Company’s policy is to recognize
service revenue at that time when the healthcare service package has been sold, ownership and risk of loss have been transferred to the
customer, and the service has been provided. Accordingly, revenue is recognized at the point in time when the service is provided. Service
revenue is recognized when the healthcare service package has been delivered to the customer and there are no remaining performance obligations.

Management
regularly reviews the sales returns and allowances based on historical experience. Any subsequent sales returns and cancellations are
recognized upon notification from the customers. The liability for sales returns and allowances relating to the sale of healthcare service