Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 189

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 189
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|------:|:----|:--|---------:|:----|:--|-------:|
|                                       |     | -US$ in thousands        |        |     |   |       |     | $ |          |     | % |        |
| Legal and other professional fees     |     | $                        |  5,090 |     | $ | 1,266 |     |   |    3,824 |     |   | 302.05 |
| Consulting fees (share-based related) |     |                          |  8,511 |     |   |     — |     |   |    8,511 |     |   |    N/A |
| TOTAL                                 |     | $                        | 13,601 |     | $ | 1,266 |     |   |   12,335 |     |   | 974.33 |

Legal and professional fees increased by US$12.3
million, or 974.33%, for the year ended December 31, 2023, as compared to the year ended December 31, 2022. The increase was primarily
attributed to the increase in the US legal counsel fees and the consulting fees incurred during the year.

Consulting fees under share-based compensation
for the year ended December 31, 2023 was mainly related to the corporate strategic consultancy and business marketing service rendered
by certain third party consultants, equal to 4,900,000 ordinary shares at the market price ranging from US$0.417 to US$2.158 per share.

Legal and Professional Fees, Related Party

Legal and professional fees, related party increased
by US$0.3 million for the year ended December 31, 2023, as compared to the year ended December 31, 2022. The increase was primarily from
the advisory services rendered by a related company which owned by the Chairman of the Company.

Allowance For Expected Credit Losses on Financial Instruments

In accordance with Accounting Standards Codification
(“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. For the