Company: CHOW
Filing Date: 2025-01-13
Form Type: DRS/A
Source: 0001493152-25-001833
Chunk: 89

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-01-13
Form: DRS/A
Chunk 89
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47.6 |     |      | 36,944,835 |     |     |  4,736,517 |     |   |  37.6 |     |        | (12.7 | ) |
| - Sale of Software and IT Application products with IT Professional Services |     |                           | 33,169,517 |     |   |  37.3 |     |      | 47,822,064 |     |     |  6,131,034 |     |   |  48.7 |     |        |  44.2 |   |
| IT Professional Services                                                     |     |                           |  3,412,821 |     |   |   3.8 |     |      |  3,233,871 |     |     |    414,599 |     |   |   3.3 |     |        |  (5.2 | ) |
| Maintenance and Support Services                                             |     |                           |  1,488,923 |     |   |   1.7 |     |      |  2,489,537 |     |     |    319,172 |     |   |   2.5 |     |        |  67.2 |   |
|                                                                              |     |                           | 80,397,473 |     |   |  90.4 |     |      | 90,490,307 |     |     | 11,601,322 |     |   |  92.1 |     |        |  12.6 |   |
| Total revenues                                                               |     |                           | 89,013,224 |     |   | 100.0 |     |      | 98,293,397 |     |     | 12,601,718 |     |   | 100.0 |     |        |  10.4 |   |

*Revenue Recognition for Contracts with Non-Distinct Obligations

Contracts with customers often include a combination of goods (e.g., hardware, software) and services (e.g., IT professional services, integration, maintenance). When the goods and services in a contract are highly interdependent and interrelated, they are treated as a single performance obligation in accordance with ASC 606-10-25-21.

The
total transaction price for such contracts is recognized as revenue at the point in time when control of the