Company: EJH
Filing Date: 2025-10-30
Form Type: 20-F
Source: 0001213900-25-104179
Chunk: 203

Company: E-Home Household Service Holdings Ltd
Filing Date: 2025-10-30
Form: 20-F
Item: Item 19
Chunk 203
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 issued Accounting
Standards Update (ASU) 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements
to the Accounting for Internal-Use Software. ASU 2025-06 modernizes the accounting for internal-use software (the existing internal-use
software guidance does not contemplate more current methods of software development). The amendments in ASU 2025-06 are limited and focused
on the key challenge that entities face in applying FASB Accounting Standards Codification (FASB ASC) 350-40 - applying that guidance
to software that is developed using modern, iterative approaches such as Agile, DevOps, and continuous-deployment models that do not fit
neatly into the legacy “preliminary-project / application-development / post-implementation” stages described in today’s
Subtopic 350-40. The amendments in this Update are effective for all entities for annual reporting periods beginning after December 15,
2027, and interim reporting periods within those annual reporting periods. Early adoption is permitted as of the beginning of an annual
reporting period. The Company expect the adoption on this ASU will not have a material effect on its consolidated financial statements.

The Company does not believe other recently issued
but not yet effective accounting statements, if recently adopted, would have a material effect on the Company’s consolidated balance
sheets, statements of operations and other comprehensive loss and statements of cash flows.

F-19

NOTE 3 - ACCOUNTS RECEIVABLE, NET

Accounts receivable consisted of the following
as of June 30, 2025 and 2024:

                                            2025           2024  
 ─────────────────────────────────────────────────────────────────
  Accounts receivable                   $395,087       $463,255  
  Less: allowance for credit loss      ( 387,107      ( 288,585  
  Accounts receivable, net                $7,980       $174,670  

Changes of allowance for credit loss for accounts
receivable for the years ended June 30, 2025 and 2024 are as follows:

                                2025                   2024               
  Beginning balance             $         288,585      $               -  
 ──────────────────────────────────────────────────────────────────────────
  Additions                               105,212                288,662  
  Exchange rate difference                ( 6,690                   ( 77