Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 42

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 5
Chunk 42
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 of approximately $22,000 was mainly attributable to the few new loans from a third party and a related
party.

Change
in fair value of prepaid forward purchase liabilities and loss on settlement of prepaid forward contracts

We
entered into two equity prepaid forward transactions in November 2022, which required fair value accounting. As the prepaid forward contracts
were settled on June 8, 2023, we did not incur any change in fair value of prepaid forward purchase liabilities and loss on settlement
of prepaid forward contracts for the year ended December 31, 2024.

Loss
on debt settlement

We
incurred a loss on our debt settlements of approximately $0.5 million and $0.6 million for the years ended December 31, 2024 and 2023,
respectively, as we entered into four settlement agreements for the year ended December 31, 2024, compared to five settlement agreements
for the same period in 2023 to settle our debt incurred with various lenders and converted the balance with the issuance of our ordinary
shares to the lenders.

Other
income

Other
income amounted to approximately $0.2 million and $0.1 million for the years ended December 31, 2024 and 2023, respectively. The increase
of other income of approximately $50,000 was mainly attributable to the increased amount of wage credit scheme received from the Inland
Revenue Authority of Singapore.

Benefit
for Income Taxes

Our
benefit for income taxes increased by approximately $4,000 for the year ended December 31, 2024 as compared to $0 for the same period
in 2023. The increase in benefit for income taxes is mainly due to the realization of deferred tax liabilities incurred from the amortization
of intangible assets acquired as a result of the Fortress Cove Acquisition.

Net
Loss from Continuing Operations

We
had a net loss from continuing operations of approximately $17.6 million and $8.4 million for the years ended December 31, 2024 and 2023,
respectively. Changes of net loss from continuing operations for the years ended December 31, 2024 as compared to the same period in
2023 was predominately due to the reasons as discussed above.

Net
Income (Loss) from Discontinued Operations

We
had a net income from discontinued operations of approximately $2.2 million for the year ended December 31, 2024 and a net loss of $1.6