Company: LDDD
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-013782
Chunk: 17

Company: Longduoduo Co Ltd
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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, statements of operations and cash flows.

F-10

LONGDUODUO COMPANY LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED DECEMBER 31, 2024 AND
DECEMBER 31, 2023

(UNAUDITED)

NOTE 3. PREPAYMENTS

Prepayments
represent payments in advance to suppliers for expenses, equipment, leasing and products. As of December 31, 2024 and June 30, 2024 prepayments
were $170,328 and $124,427, respectively.

NOTE
4. PROPERTY AND EQUIPMENT

At December
31, 2024 and June 30, 2024, property and equipment, at cost, consisted of:

    December 31,  
    June 30, 

    2024  
    2024 
  
    Office equipment and furniture 
    $486,169  
    $461,562 
  
    Leasehold improvements 
     69,137  
     40,506 
  
    Total 
     555,306  
     502,068 
  
    Accumulated depreciation 
     229,880  
     148,582 
  
    Total property and equipment, net 
    $325,426  
    $353,486 

The Company recorded depreciation expense of $52,544 for
the three months ended December 31, 2024, of which $50,252 was recorded as operating expense and $2,292 was recorded as cost
of revenue. The Company recorded depreciation expense of $82,542 for the six months ended December 31, 2024, of which $77,876 was
recorded as operating expense and $4,666 was recorded as cost of revenue.

The Company recorded depreciation expense of $23,187 for
the three months ended December 31, 2023, of which $21,255 was recorded as operating expense and $1,932 was recorded as cost
of revenue. The Company recorded depreciation expense of $38,703 for the six months ended December 31, 2023, of which $35,271 was
recorded as operating expense and $3,432 was recorded as cost of revenue.

NOTE
5. RELATED PARTY TRANSACTIONS

Due to related parties

Due to related