Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 382

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 382
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 loan. A nonaccrual loan may be restored to accrual status when principal and interest payments
have been brought current and the loan has performed in accordance with its contractual terms for a reasonable period (generally six months).

If the Company determines that a loan is impaired,
the Company next determines the amount of the impairment. The amount of impairment on collateral dependent loans is charged off within
the given fiscal quarter. Generally the amount of the loan and negative escrow in excess of the appraised value less estimated selling
costs, for the fair value of collateral valuation method, is charged off. For all other loans, impairment is measured as described below
in “Allowance for Expected Credit Losses on Financial Instruments”.

| ● | Allowance                                           
 for Expected Credit Losses on Financial Instruments |

In accordance with ASC Topic 326 “Credit
Losses – Measurement of Credit Losses on Financial Instruments” (ASC Topic 326), the Company utilizes the current expected
credit losses (“CECL”) model to determine an allowance that reflects its best estimate of the expected credit losses on accounts
receivable, loans receivable, notes receivable, and deposits, prepayments and others receivable which is recorded as a liability to offset
the receivables. The CECL model is prepared after considering historical experience, current conditions, and reasonable and supportable
economic forecasts to estimate expected credit losses. Accounts receivable, loans receivable, notes receivable, and deposits, prepayments,
and others receivable are written off when deemed uncollectible. Recoveries of receivables previously written off are recorded as a reduction
of bad debt expense.

For the years ended December 31, 2023 and 2022,
the aggregated allowance for expected credit losses on accounts receivable, loans receivable, notes receivable, and other receivables
was $ and $, respectively.

| ● | Deposit,                                
 prepayments, and other receivables, net |

Deposit, prepayments, and other receivables, net
represented the deposit paid for technology systems and services, prepayments for various consultancy services and other operating expenses
such as insurance premium less the allowance for expected credit losses. It is presented under the current assets of the consolidated
balance sheets based on the expected collection date.

| ● | Rental       
 deposit, net |

Rental deposit, net represented the deposit paid
for the long-term office leases, less the allowance for expected credit losses. It is presented under the non-current assets of the consolidated