Company: AGCC
Filing Date: 2025-08-19
Form Type: F-1/A
Source: 0001213900-25-078155
Chunk: 217

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-08-19
Form: F-1/A
Chunk 217
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 Disaggregation Disclosures (Subtopic 220-40) In January 2025, the FASB issued ASU 2025 -01, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220 -40 ). The FASB issued update 2024 -03on November 4, 2024. Update 2024 -03states that the amendments are effective for public business entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Following the issuance of update 2024 -03, the FASB was asked to clarify the initial effective date for entities that do not have an annual reporting period that ends on December 31 (referred to as non -calendaryear -endentities). Because of how the effective date guidance was written, a non -calendaryear -endentity may have concluded that it would be required to initially adopt the disclosure requirements in update 2024 -03in an interim reporting period, rather than in an annual reporting period. The FASB’s intent in the basis for conclusions of update 2024 -03is clear that all public business entities should initially adopt the disclosure requirements in the first annual reporting period beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. However, the FASB acknowledges that there was ambiguity between the intent in the basis for conclusions in update 2024 -03and the transition guidance that was included in the Codification when update 2024 -03was issued. 4.ACCOUNT RECEIVABLES Details of account receivables are as follows:

|                                   |     | As of December 31, |     |         |
|                                   |     |               2023 |     |    2024 |
|                                   |     |                US$ |     |     US$ |
| Account receivables               |     |                  — |     | 717,644 |
| Less: allowance for credit losses |     |                  — |     |       — |
|                                   |     |                  — |     | 717,644 |

As of 31 December 2024, the related party receivable balance of US$68,400 is included within account receivables as the amount is expected to be collected in cash in the normal course of business. The Company’s credit period with customers is generally