Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 175

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 175
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OLs carryforwards of the Company’s VIEs in the Philippines were $nil and $3,324 as of December 31, 2023 and 2022, respectively. The NOL can be carried forward for five consecutive taxable years immediately following the year of the loss. Deferred tax assets consist of the following:

|                                   |     |   | December 31, 
         2023 |     |   | December 31, 
         2022 |
|:----------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Operating lease liabilities       |     | $ |      181,834 |     | $ |      195,422 |
| Net operating losses carryforward |     |   |            — |     |   |        3,324 |
| Total, net                        |     | $ |      181,834 |     | $ |      198,746 |

Deferred tax liabilities represented ROU assets. Total ROU assets of the Company’s VIEs in the Philippines were $558,376 and $762,200 as of December 31, 2023 and 2022, respectively. As of December 31, 2023 and 2022, deferred tax liabilities from ROU were $115,466 and $161,585. For the years ended December 31, 2023 and 2022, the Company did not have any material interest or penalties associated with tax positions. The Company did not have any significant unrecognized uncertain tax positions as of December 31, 2023 or 2022. The Company does not expect that its assessment regarding unrecognized tax positions will materially change over the next 12 months. 11.Employee contribution plan The Company operates in the Philippines, where Philippines law mandates employee and employer contributions to the Social Security System (“SSS”) and the Home Development Mutual Fund (“Pag -IBIGFund”), for private sector employees and certain self -employedindividuals. Contributions to these plans are reflected as employee benefit expense in the Company’s consolidated financial statements. The specific amounts expensed depend on the applicable contribution rates and employee salaries. Employees and employers contribute jointly to the SSS. The contribution rates are determined by a prescribed table, with the current rate set at 12% of the employee’s monthly salary credit, subject to a maximum salary credit base. The SSS offers social security benefits including sickness, maternity, disability, retirement, and death benefits. Similarly, contributions to the Pag