Company: YDDL
Filing Date: 2025-08-22
Form Type: F-1/A
Source: 0001213900-25-079833
Chunk: 172

Company: One & one Green Technologies. INC
Filing Date: 2025-08-22
Form: F-1/A
Chunk 172
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2023, respectively. As of December31, 2024 and 2023, deferred tax assets from lease liabilities were $157,014 and $181,834. Total NOLs carryforwards of the VIEs in the Philippines were $3,658 and $nil as of December 31, 2024 and 2023, respectively. The NOL can be carried forward for five consecutive taxable years immediately following the year of the loss. Deferred tax liabilities were recognized arising from ROU assets. Total ROU assets of the VIEs in the Philippines were $314,028 and $558,376 as of December 31, 2024 and 2023, respectively. As of December 31, 2024 and 2023, deferred tax liabilities from ROU were $62,806 and $115,466. For the years ended December 31, 2024 and 2023, 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, 2024 and 2023. The Company does not expect that its assessment regarding unrecognized tax positions will materially change over the next 12 months.

F-20 ONE AND ONE GREEN TECHNOLOGIES. INC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 10.Income Taxes (cont.) The taxes payable include income tax payable and VAT. The increase of approximately $2.4million in taxes payable was driven by higher accrued income tax liabilities under ASC 740 due to increased profitability, along with elevated VAT obligations resulting from greater sales volume. 11.Employee contribution plan The Company operates in the Philippines, where Philippine law mandates employee and employer contributions to the Social Security System (“SSS”), the Home Development Mutual Fund (“Pag -IBIGFund”), and the Philippines Health Insurance Corporation (“PhilHealth”) 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 14% 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 -IBIGFund are mandatory and shared between employees and