Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 197

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 197
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 Allowance for credit losses |     |   |           — |     |   |            — |
| Total, net                  |     | $ |  10,125,745 |     | $ |    2,652,224 |

The increase in accounts receivable balances was primarily driven by the concentration of sales in May and June 2024. Due to operational downtime for the relocation during the first quarter, production and sales activities were deferred to the second quarter. This timing shift led to a higher volume of credit sales toward the end of the period, resulting in an elevated accounts receivable balance as of June 30, 2024. 5.Inventory, net Inventory, net consist of the following:

|                                     |     |   |    June 30, 
        2024 
 (unaudited) |     |   | December 31, 
         2023 |
|:------------------------------------|:----|:--|------------:|:----|:--|-------------:|
| Raw materials                       |     | $ |   2,224,330 |     | $ |    5,874,049 |
| Materials in transit                |     |   |   1,072,253 |     |   |            — |
| Finished goods                      |     |   |     237,238 |     |   |      367,185 |
| Less: Obsolete/write-down inventory |     |   |           — |     |   |            — |
| Total, net                          |     | $ |   3,533,821 |     | $ |    6,241,234 |

For the six months ended June 30, 2024 and 2023, no write -downon inventory was recognized against its inventory, respectively. As of June30, 2024, the Company maintained a lower level of raw materials, compared to December31, 2023, due to the Management didn’t want to hold onto more raw materials due to the high volatility on prices in the first half of 2024.

F-41

ONE AND ONE GREEN TECHNOLOGIES. INC
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 6.Deferred offering costs Deferred offering costs consist of the following:

|                        |     |   |    June 30, 
        2024 
 (unaudited) |     |   | December 31, 
         2023 |