Company: YDDL
Filing Date: 2025-10-09
Form Type: 424B4
Source: 0001213900-25-097758
Chunk: 158

Company: One & one Green Technologies. INC
Filing Date: 2025-10-09
Form: 424B4
Chunk 158
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 and a right -of-use(ROU) asset representing the right to use the underlying asset for the lease term. The lease term is based on the non -cancellableterm of the lease and may contain options to extend the lease when it is reasonably certain that the Company will exercise the option. Lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term using the rate implicit in the lease, if available, or the Company’s incremental borrowing rate. Leases with an initial term of 12months or less were short -termleases and not recognized as right -of-useassets and lease liabilities on the consolidated balance sheets. ROU assets are measured at the amount of the lease liabilities with adjustments for lease prepayments made prior to or at lease commencement, initial direct costs incurred by the Company, deferred rent and lease incentives, and any off -marketterms present in the lease. ROU assets are depreciated over their useful life, considering the lease term and any residual value under straight line basis. The Company evaluates the carrying value of ROU assets if there are indicators of impairment and reviews the recoverability of the related asset. F-13 ONE AND ONE GREEN TECHNOLOGIES. INC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 2.Summary of Significant Accounting Policies (cont.) The Company reassesses if a contract is or contains a leasing arrangement and re -measuresROU assets and liabilities upon modification of the contract. Differences are recognized in the consolidated statement of income on contract termination. v)Recent issued or adopted accounting standards The Company is an “emerging growth company” (“EGC”) as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, EGC can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies. The Company does not opt out of extended transition period for complying with any new or revised financial accounting standards. Therefore, the Company’s financial statements may not be comparable to companies that comply with public company effective dates. In June 2016, the FASB issued ASU No. 2016 -13, “ Financial Instruments — Credit Losses(Topic 326): Measurement of Credit Losses on Financial Instruments”, and has since issued various amendments including ASU No. 2018 -19, ASU No. 2019 -04, and ASU No. 2019 -