Company: CLIK
Filing Date: 2025-04-02
Form Type: 424B4
Source: 0001213900-25-027705
Chunk: 191

Company: Click Holdings Ltd.
Filing Date: 2025-04-02
Form: 424B4
Chunk 191
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42,472 |     |   | 46,933 |
| Prepaid expenses and other current assets |     | $                  | 57,190 |     | $ | 46,933 |

5. PROPERTY AND EQUIPMENT, NET Property and equipment, net, are as follows:

|                                |     | As of December 31, |    2023 |   |     |   |    2022 |   |
|:-------------------------------|:----|:-------------------|--------:|:--|:----|:--|--------:|:--|
| Office equipment and other     |     | $                  |  47,334 |   |     | $ |  41,317 |   |
| Leasehold improvement          |     |                    |  92,653 |   |     |   |  92,653 |   |
| Less: accumulated depreciation |     |                    | (54,551 | ) |     |   | (27,411 | ) |
| Property and equipment, net    |     | $                  |  85,436 |   |     | $ | 106,559 |   |

During the years ended December 31, 2023 and 2022, the Company recorded depreciation expense of $27,140 and $32,356, respectively. Included in office equipment and other, there was an addition of $83,333 during the year ended December 31, 2022, which was disposed of in December 2022 due to malfunctioning of the assets. The carrying amount of the assets were $66,667 as at the disposal date. As a result, a loss on disposal of property and equipment in the same amount was recorded in general and administrative expenses during the year. 6. BANK LOANS The Company’s bank loans are revolving loans denominated in HK$ from DBS Bank (Hong Kong) Limited, and are due and renewable every three months. As of December 31, 2023 and 2022, bank loans were HK$3,600,000 (US$461,538) and HK$5,000,000 (US$641,026) respectively with interest from 6.37% to 7.15% (2022: 4.13%). The bank loans are secured by (i) a personal undertaking and personal guarantee given by Ms. Leung and (ii) a charge over a premise owned by Ms. Leung. During the years