Company: LHI
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001213900-25-014190
Chunk: 283

Company: Living Homeopathy International Ltd.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 283
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 measured at amortized cost. Any difference between the proceeds
(net of transaction costs) and the redemption amount is recognized in profit or loss over the period of the borrowings using the effective
interest method.

Accounts payable represent trade payables
to vendors.

Accrued expenses and other payables primarily
include accrued salaries, commission payables and other accrued expenses for the operation in the ordinary course of business.

ASC 820 requires certain disclosures regarding
the fair value of financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer
a liability in an orderly transaction between market participants at the measurement date. ASC 820 specifies a hierarchy of valuation
techniques, which is based on whether the inputs into the valuation technique are observable or unobservable. The hierarchy is as follows:

| ● | Level 1 – inputs                                                                                                   
 to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. |

| ● | Level 2 – inputs                                                                                                                   
 to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted market prices for  
 identical or similar assets in markets that are not active, inputs other than quoted prices that are observable and inputs derived 
 from or corroborated by observable market data.                                                                                    |

| ● | Level 3 – inputs                               
 to the valuation methodology are unobservable. |

Unless otherwise disclosed, the fair values
of the Company’s financial instruments including cash and cash equivalents, accounts payable, accrued expenses and other payables
and amount due to a related party are approximated to their recorded values due to their short-term maturities. The carrying amount of
operating lease liabilities approximate their fair values since they bear an interest rate which approximates market interest rates.

<div align='center'>F-33</div>

The Company accounts for revenue recognition
under Accounting Standards Codification 606, Revenue from Contracts with Customers (“ASC 606”). Revenue from contracts with
customers is recognized using the following five steps:

| 1. | Identify the contract(s) 
 with a customer;         |

| 2. | Identify the performance     
 obligations in the contract; |

| 3. | Determine              
 the transaction price; |

| 4. | Allocate the transaction                                  
 price to the performance obligations in the contract; and |

| 5. | Recognize revenue when                                 
 (or as) the entity satisfies a performance obligation. |

The Company primarily generates revenue from
sales of healthcare products, personal