Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 396

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 396
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 |     | $                 | 13,496,154 |

Fair value estimates are made at a specific point
in time based on relevant market information about the financial instruments. These estimates are subjective in nature and involve uncertainties
and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect
the estimates.

| ● | Recently                         
 Issued Accounting Pronouncements |

From time to time, new accounting pronouncements
are issued by the FASB or other standard setting bodies and adopted by the Company as of the specified effective date. Unless otherwise
discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact
on its financial position or results of operations upon adoption.

Recently adopted accounting standards

In June 2016, the FASB issued Accounting Standards
Update No. 2016 - 13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU
2016 - 13”). ASU 2016 - 13 added a new impairment model (known as the CECL model) that is based on expected losses rather than incurred
losses. Under the new guidance, an entity recognizes as an allowance its estimate of expected credit losses. The CECL model applies to
most debt instruments, accounts receivables, notes receivables, loans receivable, financial guarantee contracts, and other loan commitments.
The CECL model does not have a minimum threshold for recognition of impairment losses and entities will need to measure expected credit
losses on assets that have a low risk of loss. As an emerging growth company, the Company was permitted to adopt the new standard
for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company has adopted the new
standard effective January 1, 2023, which didn’t have a material impact on the consolidated financial statements.

New accounting standards not yet adopted

In November 2023, the FASB issued Accounting Standards
Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures. The purpose
of the update was to improve financial reporting by requiring disclosures of incremental segment information on an annual and interim
basis for all public entities to enable investors to develop more decision-useful financial analyses. The amendments in this ASU are effective
for fiscal years beginning after December 15, 202