Company: EZOO
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022083
Chunk: 42

Company: Ezagoo Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 42
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 in the contract;

    a. 
    According to the contract,
    the Company and Customer has to maintain the performance obligation, respectively.

    b. 
    The customer shall pay
    for the services and goods after signing of the contract and provide appropriate advertisement materials, and the delivery address
    & contact information of the e-commerce order to the Company, the Company shall ensure the provided service and delivered goods
    of the Customer according to the contract terms.

    3.
    Determine the transaction
    price;

    a. 
    For the e-commerce contract,
    the transaction price is explicitly stated in fixed amount in the contract. There is no variable consideration, such as discounts,
    rebates, consideration payable to customer or noncash consideration. There was no price concession, and the Company did not expect
    any price concession for the service performed during the periods ended September 30, 2025 and 2024.

    b. 
    The contract does not contain
    any elements that would cause consideration under the arrangement to be variable (Examples include discounts, rebates, refunds, credits,
    incentives, tiered pricing, price guarantees, right of return, etc.). 

    c. 
    There are no factors that
    exist whereby it is not probable that a significant reversal or revenues will not occur in the contract.

    4.
    Allocate the transaction
    price to the performance obligations in the contract; and

    a. 
    There were no multiple
    performance obligations to which the transaction price must be allocated, and each contract only has one performance obligation.
    The standalone selling price is explicated stated in the contract.

    5.
    Recognize revenue when
    (or as) the entity satisfies a performance obligation.

    a.
    Per ASC 606, an entity
    shall recognize revenue when (or as) the entity satisfies a performance obligation by transferring a promised good or service (that
    is, an asset) to a customer. An asset is transferred when (or as) the customer obtains control of that asset.

    b.
    Revenue is recognized when
    the advertising service is performed. According to the sample advertising and e-commerce contract, upon obtaining the signed contract
    and order from the Customer, the service and goods’ period would be started. Therefore, the revenue is recognized when the
    service and goods are completely provided and delivered at that point in time.

    F-8

EZAGOO
LIMITED

NOT