Company: EUDAW
Filing Date: 2025-09-24
Form Type: 20-F/A
Source: 0001493152-25-014808
Chunk: 70

Company: EUDA Health Holdings Ltd
Filing Date: 2025-09-24
Form: 20-F/A
Chunk 70
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 to the limited operating history of certain Singapore and Malaysia subsidiaries, the Company is uncertain when these net operating losses can be utilized. As a result, the Company provided a 100% allowance on deferred tax assets on net operating losses (including temporary taxable difference of bad debt expense) of approximately $ 0.7million and $ 0.5million related to Singapore and Malaysia subsidiaries as of December 31, 2024 and 2023, respectively.

Uncertain tax positions

The Company evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated with the tax positions. As of December 31, 2024 and 2023, the Company did not have any significant unrecognized uncertain tax positions. The Company did not incur interest and penalties tax for the years ended December 31, 2024, 2023 and 2022.

Taxes payable consist of the following:

Schedule of taxes payable

|                      |     |   | December 31, 2024 |     |   | December 31, 2023 |
|:---------------------|:----|:--|------------------:|:----|:--|------------------:|
| GST taxes payable    |     | $ |           260,243 |     | $ |           192,956 |
| Income taxes payable |     |   |             2,801 |     |   |            15,699 |
| Totals               |     | $ |           263,044 |     | $ |           208,655 |

| F-44 |

EUDA HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, unless stated otherwise)

Note 18 – Concentrations risks

(a) Major customers

For the years ended December 31, 2024, no customer accounted for more than 10.0% of the Company’s total revenues. For the year ended December 31, 2023, one customer accounted for 11.3% of the Company’s total revenues. For the year ended December 31, 2022, no customer accounted for 10% or more of the Company’s total revenues.

As of December 31, 2024, two customers accounted for 19.0% and 15.0% of the Company’s total balance of accounts receivable, respectively. As of December 31,