Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 311

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 311
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 Impairment           
 of Long-Lived Assets |

In accordance with the provisions of ASC Topic
360, “Impairment or Disposal of Long-Lived Assets”, all long-lived assets such as property and equipment owned and
held by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset
may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of an asset to
its estimated future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the
impairment to be recognized is measured by the amount by which the carrying amounts of the assets exceed the fair value of the assets.
No impairment losses were recognized for the three and nine months ended September 30, 2024 and 2023.

| ● | Borrowings |

Borrowings are recognized at fair value and repayable
in the next twelve months. Interest expense is recognized on a fixed interest rate on the unaudited condensed consolidated statements
of operations and comprehensive loss.

| ● | Convertible                   
 Promissory Notes Payable, net |

The Company accounts for its convertible promissory
notes payable, net in accordance with ASC Topic 470-20, “Debt with Conversion and Other Options”(“ASC 470-20”),
whereby the convertible instrument is initially accounted for as a single unit of account, unless it contains a derivative that must be
bifurcated from the host contract in accordance with ASC Topic 815-15, “Derivatives and Hedging – Embedded Derivatives”
or the substantial premium model in ASC 470-20 applies. Where the substantial premium model applies, the premium is recorded in additional
paid-in capital. The resulting debt discount is amortized over the period during which the convertible promissory notes payable are expected
to be outstanding as additional non-cash interest expenses.

<div align='center'>F-10

TRILLER GROUP INC.

(Formerly AGBA Group Holding Limited)

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”),
except for number of shares)</div>

| ● | Warrant     
 Liabilities |

The Company accounts for warrants as either equity-classified
or liability