Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 171

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 171
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,439 |
| Allowance for credit losses |     |   |            — |     |   |            — |
| Total, net                  |     | $ |    2,652,224 |     | $ |    2,581,439 |

For the years ended December 31, 2023 and 2022, no allowance for credit losses expense was recognized against its accounts receivable, respectively.

F-16

ONE AND ONE GREEN TECHNOLOGIES. INC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 5.Inventory, net Inventory, net consisted of the following:

|                                     |     |   | December 31, 
         2023 |     |   | December 31, 
         2022 |
|:------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Raw materials                       |     | $ |    5,874,049 |     | $ |   11,060,004 |
| Materials in transit                |     |   |            — |     |   |    2,155,215 |
| Finished goods                      |     |   |      367,185 |     |   |    1,187,670 |
| Finished goods in transit           |     |   |            — |     |   |    1,094,579 |
| Less: Obsolete/write-down inventory |     |   |            — |     |   |            — |
| Total, net                          |     | $ |    6,241,234 |     | $ |   15,497,468 |

For the years ended December 31, 2023 and 2022, no write -downon inventory was recognized against its inventory, respectively. Finished goods inventory includes completed products that are ready for sale and held by the Company in its warehouses. The Company retains ownership of these goods until it is transferred to the customer. Finished goods in -transitare products that are completed and shipped to customers but have not yet been loaded onto the vessel. Under the shipment terms of CIF (Cost, Insurance, and Freight), the risk of loss or damage is only transferred from the seller to the buyer once the goods were loaded onto the vessel, which correspondingly brought the balance of Finished goods in transit as the balance sheet date. The balances have been recognized in the cost of sales under consolidated statements of income after the goods loaded onto the vessel after the balance sheet date. As