Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 737

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 2
Chunk 737
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 Financial Officer

37

INDEX
TO FINANCIAL STATEMENTS

    Page
  
    Financial
    Statements

    Report
    of Independent Registered Public Accounting Firm (PCAOB ID: 6907)
    F-2

    Consolidated
    Balance Sheets
    F-3

    Consolidated
    Statements of Operations and Comprehensive Loss
    F-4

    Consolidated
    Statements of Changes in Stockholders’ Deficit
    F-5

    Consolidated
    Statements of Cash Flows
    F-6

    Notes
    to Consolidated Financial Statements
    F-7
    – F-17

F-1

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To:
The Board of Directors and Stockholders of

Ezagoo
Limited

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheets of Ezagoo Limited and its subsidiaries (the “Company”) as of
December 31, 2024 and 2023, the related statements of operations and comprehensive loss, stockholders’ deficit, and cash flows
for the years then ended, and the related notes (collectively referred to as the “consolidated financial statements”).
In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the
Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended, in
conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Going
Concern Matter

The
accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed
in Note 2 to the consolidated financial statements, the Company has 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
that raises substantial doubt about its ability to continue as a going concern. Management’s plans in regard to these matters are
also described in Note 2. The consolidated financial statements do not include any adjustments that might result from the outcome of
this uncertainty.

Basis
for Opinion

These
consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an
opinion on the Company’s consolidated financial statements based on