Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 310

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 310
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 and is recognized
as revenue when all of the Company’s revenue recognition criteria are met. For the years ended September 30, 2024 and 2023, all
contract liability at the beginning of the reporting period has been recognized as revenue during the years.

| F-25 |

Movement of deferred revenue

|                                                        |     |   | Year Ended September 30, 2024 |   |     |   | Year Ended September 30, 2023 |   |
|:-------------------------------------------------------|:----|:--|------------------------------:|:--|:----|:--|------------------------------:|:--|
| Beginning balance                                      |     | $ |                       363,433 |   |     | $ |                       418,520 |   |
| Contract liabilities recognized as revenue in the year |     |   |                      (287,369 | ) |     |   |                    (5,909,534 | ) |
| Contract liabilities addition in the year              |     |   |                       328,814 |   |     |   |                     5,955,688 |   |
| Exchange rate effect                                   |     |   |                        15,878 |   |     |   |                      (101,241 | ) |
| Ending balance                                         |     | $ |                       420,756 |   |     | $ |                       363,433 |   |

12. Accrued expenses and other current liabilities

Accrued expenses and other current liabilities consisted of the following:

|                                    |     |   |         As of 
 September 30, 
          2024 |     |   |         As of 
 September 30, 
          2023 |
|:-----------------------------------|:----|:--|--------------:|:----|:--|--------------:|
| Salary payable                     |     | $ |       172,876 |     | $ |       191,466 |
| Other Miscellaneous payable        |     |   |         6,500 |     |   |            41 |
| Other - direct deposit liabilities |     |   |        34,200 |     |   |        45,395 |
| Total                              |     | $ |       213,576 |     | $ |       236,902 |

13. Leases

As of September 30, 2024 and 2023, the Company
has operating leases recorded on its consolidated balance sheets for office space that expire through 202