Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 119

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 119
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meet its liabilities as and when required for the next twelve months. Accordingly, the consolidated financial statements do not
include any adjustments that might result from the outcome of this uncertainty.

Note
3 - Summary of significant accounting policies

Basis
of presentation

The
accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the
United States of America (“ U. S. GAAP”) for information pursuant to the rules and regulations of the Securities Exchange Commission
(“ SEC”).

EUDA
HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

Principles
of consolidation

The
consolidated financial statements include the financial statements of the Company and its subsidiaries. All transactions and balances
among the Company and its subsidiaries have been eliminated upon consolidation.

A
subsidiary is an entity in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power
to govern the financial and operating policies, to appoint or remove the majority of the members of the board of directors, or to cast
a majority of votes at the meeting of directors.

Use
of estimates

The
preparation of the consolidated financial statements in conformity with U. S. GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the
consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting
estimates reflected in the Company’s consolidated financial statements include lease classification and liabilities, right-of-use
assets, determinations of the useful lives and valuation of long-lived assets, fair value of the identifiable intangible assets through
assets acquisition, estimate of the useful life of the intangible assets, estimates of allowances for credit losses, estimates of impairment
of long-lived assets, valuation of deferred tax assets, other provisions and contingencies, estimated fair value of earn-out shares,
prepaid forward purchase liability and private warrants. Actual results could differ from these estimates.

Foreign
currency translation and transaction

Transactions
denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing
at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated
into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting