Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 306

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 306
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 and 2023, the Company recorded expected credit loss of $62,731 and $157,656, respectively.

In August 2018, the FASB issued ASU No. 2018-13,
“Fair Value Measurement (Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value
Measurement”. The amendments in this ASU eliminate, add and modify certain disclosure requirements for fair value measurements.
The amendments in this ASU, among other things, require public companies to disclose the range and weighted average used to develop significant
unobservable inputs for Level 3 fair value measurements. The amendments in this ASU are effective for all entities for fiscal years,
and interim periods within those fiscal years, beginning after December 15, 2019, and entities are permitted to early adopt either the
entire standard or only the provisions that eliminate or modify the requirements. The Company has adopted these amendments since the
fiscal year ended September 30, 2022. The adoption of these amendments does not have a material impact on the Company’s consolidated
financial position, results of operations and cash flow.

Other accounting pronouncements that have been
issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to
have a material impact on the Company’s consolidated financial position and results of operations upon adoption.

| F-19 |

3. Cash and Cash Equivalents

Cash represents cash on hand and demand deposits
placed with banks, which are unrestricted as to withdrawal or use. Cash is denominated in the following currencies:

|                                           |     |   |           As 
 of September 
     30, 2024 |     |   |           As 
 of September 
     30, 2023 |
|:------------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Cash on hand                              |     | $ |            – |     | $ |            – |
| Cash at bank                              |     |   |      105,706 |     |   |      484,571 |
| Cash at bank - wealth management products |     |   |            – |     |   |    1,157,351 |
| Total                                     |     | $ |      105,706 |     | $ |    1,641,922 |

There is no restricted cash as of September 30,
2024 and 2023. The wealth management products represent