Company: LDDD
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-013782
Chunk: 33

Company: Longduoduo Co Ltd
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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4  
    2023  

    (Unaudited)  
    (Unaudited)  
    Change 
  
    Net cash provided by operating activities 
    $280,261  
    $1,603,516  
    $(1,323,255)
  
    Net cash used in investing activities 
     (56,306) 
     (250,820) 
     194,514 
  
    Effect of exchange rate fluctuation on cash and cash equivalents 
     (8,964) 
     (54,777) 
     (63,741)
  
    Net decrease in cash and cash equivalents 
     214,991  
     1,407,473  
     (1,192,482)
  
    Cash and cash equivalents, beginning of period 
     1,404,042  
     1,136,562  
     267,480 
  
    Cash and cash equivalents, end of period 
    $1,619,033  
    $2,544,035  
    $(925,002)

Net Cash Provided by Operating Activities

For the six months ended December 31, 2024, our
operating activities provided $280,261 in cash, compared to $1,603,516 provided by operating activities for the six months ended December
31, 2023. The cash inflow that we realized during the six months ended December 31, 2024 was less than the net income of $442,095 recorded
for that period primarily due to a$344,758 reduction in the amount of deposits by customers for future services.

5

During the six months ended December 31, 2023
we recorded $1,603,516 in net cash provided by operating activities although our net income for that period was only $477,572. The primary
source of cash from operations in the six months ended December 31, 2023 was an increase of $1,157,063 in deposits by customers that we
recorded as Deferred Revenue.

Net Cash Used in Investing Activities

Net cash used in investing activities for the
six months ended December 31, 2024 was $56,306, compared to $250,820 for the six months ended December 31, 2023. In both periods, the
cash was used for the purchase of fixed assets and office decoration.

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