Company: YDDL
Filing Date: 2025-07-11
Form Type: F-1/A
Source: 0001213900-25-062908
Chunk: 153

Company: One & one Green Technologies. INC
Filing Date: 2025-07-11
Form: F-1/A
Chunk 153
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 the beginning of the month. Monetary assets and liabilities denominated in foreign currencies are re -measuredat the exchange rates prevailing at the balance sheet date. Non -monetaryitems that are measured in terms of historical cost in foreign currency are re -measuredusing the exchange rates at the dates of the initial transactions. Exchange gains and losses are included in the consolidated statements of income and comprehensive income. For entities which are located in the Philippines and have the functional currency as PHP, the financial statements are translated from their respective functional currencies into US$. Assets and liabilities are translated using the exchange rate at each balance sheet date’s period end rate. Revenue and expenses are translated using average rates prevailing during each reporting period, and shareholders’ equity is translated at historical exchange rates. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive loss in shareholders’ equity. Exchange rate used for the translation as follows:

No representation is intended to imply that the PHP amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 31, 2024, or at any other rate.

F-8

ONE AND ONE GREEN TECHNOLOGIES. INC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 2.Summary of Significant Accounting Policies (cont.) e)Cash and cash equivalents Cash and cash equivalents consist of bank deposits and cash on hand, which are unrestricted as to withdrawal and use. The Company considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents. f)Accounts receivable, net The Company records accounts receivable at net realizable value consisting of the carrying amount less an allowance for credit losses. An estimate for the allowance for credit losses is discussed below in “Credit Losses on Financial Instruments”. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. g)Credit Losses on Financial Instruments The Company early adopted ASU 2016 -13, Financial Instruments — Credit Losses effective January 1, 2021. The Company uses the Current Expected Credit Losses (CECL) model to estimate credit losses on financial assets measured at amortized cost, as well as certain off -balancesheet credit exposures. When similar risk characteristics exist, the Company assesses collectability and measures expected credit losses on a collective basis for a pool of assets, whereas if similar risk characteristics do not exist, the Company assesses collectability and measures expected credit