Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 882

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 5
Chunk 882
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 not yet effective, accounting pronouncements and does not believe the future adoption of
any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

27

Going
Concern

The
accompanying financial statements have been prepared using the going concern basis of accounting, which contemplates the realization
of assets and the satisfaction of liabilities in the normal course of business.

As
of December 31, 2024, the Company suffered an accumulated deficit of $5,324,244, net current liabilities of $3,566,393, negative
operating cashflows of $620,934 and operated a net loss of $585,330. continuation of the Company as a going concern through December
31, 2024 is dependent upon improving the profitability and the continuing financial support from its stockholders. Management
believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as
they become due.

These
and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements
do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts
and classification of liabilities that may result in the Company not being able to continue as a going concern.

Off-Balance
Sheet Arrangements

As
of December 31, 2024, we have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future
effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital
expenditures or capital resources that are material to our stockholders.

ITEM
7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We
are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information
under this item.

ITEM
8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The
financial statements required by this item are in PART IV of this Annual Report.

ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

As previously reported, there were no disagreements or any reportable events to disclose.

ITEM
9A. CONTROLS AND PROCEDURES

Disclosure
Controls and Procedures

Disclosures
Control and Procedures

Our
management