Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 397

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 397
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3, and interim periods within fiscal years beginning after December 15, 2024, with early
adoption permitted and requires retrospective application to all periods presented in the consolidated financial statements. Management
is evaluating the impact on the Company’s consolidated financial statements.

<div align='center'>F-65

AGBA GROUP HOLDING LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

In December 2023, the FASB issued ASU 2023-09,
Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which requires disclosure of incremental income tax information
within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure requirements. ASU 2023-09 is effective
for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company’s management does not believe the adoption
of ASU 2023-09 will have a material impact on its consolidated financial statements and disclosures.

Except for the above-mentioned pronouncements,
there are no new recent issued accounting standards that will have a material impact on the consolidated balance sheets, statements of
operations and comprehensive loss and cash flows.

NOTE 4 — LIQUIDITY AND GOING CONCERN CONSIDERATION

The accompanying consolidated financial statements
were prepared assuming the Company will continue as a going concern, which contemplates continuity of operations, realization of assets,
and liquidation of liabilities in the normal course of business. They do not include any adjustments that might be necessary should the
Company be unable to continue as a going concern.

For the year ended December 31, 2023, the Company
reported net loss of $ and net cash outflows from operating activities of $. As of December 31, 2023, the Company
had a working capital deficit of $, an accumulated deficit of $ and cash and cash equivalents of $.

The Company has determined that the prevailing
conditions and ongoing liquidity risks encountered by the Company raise substantial doubt about the ability to continue as a going concern
for at least one year following the date these consolidated financial statements are issued. The ability to continue as a going concern
is dependent on the Company’s ability to successfully implement its current operating plan and fund-raising exercises. The Company
believes that it will be able to grow its revenue base and control expenditures. In parallel, the Company will monitor its capital structure
and operating plans and search for potential funding alternatives in order