Company: LDWY
Filing Date: 2025-08-28
Form Type: 10-KT
Source: 0001558370-25-011807
Chunk: 50

Company: LENDWAY, INC.
Filing Date: 2025-08-28
Form: 10-KT
Chunk 50
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the “In-Store Marketing Business”). The operations of the In-Store Marketing Business are presented as discontinued operations. All prior periods presented have been restated to present the In-Store Marketing Business as discontinued operations. The Company historically reported on a calendar year basis ending on December 31. The Company’s Board of Directors approved a change in the Company’s fiscal year-end from December 31 to June 30 of each year, effective June 30, 2025. This results in a six-month transition period from January 1, 2025 to June 30, 2025. In these consolidated financial statements, the years ended December 31, 2024 and 2023 are referred to as “Calendar Year 2024” and “Calendar Year 2023”, respectively, and reflect financial results for the respective twelve-month periods from January 1 to December 31. Recently Issued Accounting Pronouncements. In November 2024, the Financial Accounting Standards Board(“FASB”) issued Accounting Standards Update (“ASU”) 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures. The amendments in this update require disaggregated disclosure of income statement expenses for public business entities. The ASU does not change the expense captions an entity presents on the face of the statement of operations; rather, it requires disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements. The amendments in ASU 2024-03 are effective for annual periods beginning after December 15, 2026 and should be applied retrospectively. The Company is evaluating the impacts of the amendments on its consolidated financial statements and the accompanying notes to the financial statements. Recently Adopted Accounting Pronouncements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280). The Company adopted ASU 2023-07as of January 1, 2024. The Company determined it had onesegment that is reviewed by the Chief Operating Decision Maker (CODM) due to the Company having only oneproduct, tulips, with over 95% of sales derived in the U.S. The CODM consists of the Company’s executive team, including the CEOs, CFO and the CEO of Bloomia.

<div align='center'>F-8</div>

Effective January 1, 2025, the Company adopted ASU 2023-09, Income taxes (Topic 740): Improvements