Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 875

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 5
Chunk 875
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, respectively) 
     6,127  
     
    47,094 

    $125,195  
    $
    166,396 

The
Company generated revenue of $125,195 for the
year ended December 31, 2024 as compared to revenue of $166,396
for the year ended December 31, 2023. Related party revenue was $0
in 2024, whereas 2023 had $0
related party revenue. Such decrease was mainly reflected in the
LSM platform ceased operations and the platform commission income decrease . We’re
planned to expand our brand to attract more potential users and customers, however, due to
the high-level market competitive (Tiktok, RED etc.) and the unsatisfactory operating date,
the Company decided to shut down the Xindian Application effective from April 2023. And
we’ll focus on the operation of the ZCZX WeChat applications since then.

Costs
and Expenses

Our
cost structure has two components: cost of revenues and operating expenses of $746,012and $1,075,412 for the years ended December 31,
2024 and 2023, respectively.

Cost
of revenues

Cost
of revenues is comprised of short video produce costs, costs of goods sold and sales commission, salaries and related costs.

  ●
  Costs of goods sold and sales commission expenses of $115,964and
$108,720 for the years ended December 31, 2024 and 2023, respectively, which for the e-commerce trading of health and beauty products
in ZCZX WeChat applications.

  ●
  Salaries and related costs of $22,082 and $156,758 for the
years ended December 31, 2024 and 2023, respectively, which are the compensation expenses for technical employees responsible for R&D,
software’s and online database expenses related to ZCZX and LSM WeChat applications.

23

Operating
Expenses

Operating
expenses are generally included during our normal course of business, which we categorize as either sales and marketing expenses and
general & administrative expenses.

  ●
  The main components of our sales and marketing expenses of
$ 123,094 and $112,409 for the years ended December 31, 2024 and 2023, respectively, are:

  a.
  Compensation expenses for employees engaged in sales and marketing;

  ●