Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 60

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 60
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 in fixed assets, as well as an increased amount of consulting and service expenses by $76,943, which is largely due to our preparation for the planned IPO. We spend an additional amount of $41,396 for security and guard due to the expansion of the factory. More employee benefits have been provided to our workers, amounting to $64,277 more compared to the same period last year. We also incurred necessary repair expenses $144,070 to reinforce the walls and stabilize the roads at the new production site, due to adverse weather conditions, including frequent rainfall and typhoons. Based on our accounting policy, these expenditures for repairs and maintenance do not extend the useful life of the property and plant, and do not meet the criteria for capitalization, and have been recognized in net income in the current period. These repairs were essential to ensure the safety and functionality of the production site and to better prepare for future adverse weather conditions. Net income As a result of the cumulative effect of the factors described above, our net income for the six months ended June 30, 2024 and 2023 were $2,398,841 and $5,450,603, respectively. Even though we experienced a partial cessation in the first quarter of 2024, which adversely affected net profit, we achieved a recuperative profit in the second half of the year. Overall, we are projected to report a profit of $7million for 2024, representing significant growth compared to the $5.57million recorded in 2023.

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Liquidity and Capital Resources Comparison of the Fiscal Years Ended December 31, 2023 and 2022 The following table sets forth a summary of our cash flows for the periods indicated:

|                                                              |     | For fiscal year ended 
 December 31,          |       2023 |   |     |   |       2022 |   |
|:-------------------------------------------------------------|:----|:----------------------|-----------:|:--|:----|:--|-----------:|:--|
| Net cash provided by operating activities                    |     | $                     |  4,060,835 |   |     | $ |    651,568 |   |
| Net cash used in investing activities                        |     |                       | (3,835,841 | ) |     |   | (2,381,468 | ) |
| Net cash provided by/(used in) financing activities          |     |                       |    (17,768 | ) |