Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 128

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 128
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 property management services that contain cleaning, landscaping, public
facilities maintenance and other traditional services and also include security property management services provided to all tenants
and property owners. Each of the two services is within separate agreements. The Company identified common area property management services
as a single performance obligation as the kinds of service in the contract are not capable of being distinct and identified the security
management services as another single performance obligation as there is only one service that is to provide security services.

The
Company recognizes the common area property management revenue and security property management revenue on a straight-line basis over
the terms of the common area property management agreement and security property management agreement, generally over one year period
because its customer simultaneously receives and consumes the benefits provided by the Company throughout the performance obligations
period.

EUDA
HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

(In
U. S. dollars, unless stated otherwise)

The
Company has elected to apply the practical expedient to expense costs as incurred for incremental costs to obtain a contract when the
amortization period would have been one year or less. As of December 31, 2024 and 2023, the Company did not have any contract assets.

The
Company recognized advance payments from its customer prior to revenue recognition as contract liability until the revenue recognition
performance obligation are met. As of December 31, 2024 and 2023, the Company did not have any contract liability.

Sales
of holistic wellness consumer products

-
Performance obligations satisfied at a point in time

The
Company derives its revenues from sales contracts with its customers with revenues being recognized when control of the holistic wellness
consumer products are transferred to its customer at the Company’s office or shipment of the goods. The revenue is recorded net
of estimated discounts and return allowances. Historically, there were insignificant sales returns.

Wellness
therapies service

-
Performance obligations satisfied at a point in time

The
Company carries out its Wellness Therapies services, offering prepaid therapy session packages to customers. The primary performance
obligation is providing individual therapy sessions. Each therapy session is considered a separate and distinct performance obligation
that provides immediate benefit to the customer upon completion. Revenues are recognized at a point in time upon the completion of each
individual therapy session. If a customer does not fully utilize all prepaid sessions by the expiration of the package, the Company is
entitled to retain any remaining consideration,