Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 924

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 5
Chunk 924
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2024  
    2023 
  
    Lease Cost (included
    in general and administration in the Company’s audited statement of operations) 

    Operating
    lease cost 
    $26,692
                                              
    $179,179 
  
    Operating lease cost 
    $26,692
                                         
    $179,179 

    Other
    Information 

    Weighted average remaining
    lease term 
     -  
     1.00 
  
    Average discount rate –
    operating leases 
     4.35% 
     4.35%

The
supplemental balance sheet information related to leases for the period is as follows:

SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES 

    Operating
                                            leases right of use assets, net 

    Operating
    right-of-use assets 
    $-  
    $21,603 
  
    Total
    operating right-of-use assets 
    $-  
    $21,603 

    Lease liabilities 

    Operating lease liabilities,
    current  
    $-  
    $21,603 

    Total
    operating lease liabilities 
    $-  
    $21,603 

Lease
expenses were $26,692 and $179,179 during the year ended December 31, 2024 and 2023, respectively.

12.
COMMON STOCK

As
of December 31, 2024 and 2023, the Company has 119,956,826 shares issued and outstanding. There are no shares of preferred stock issued
and outstanding.

13.
ADDITIONAL PAID-IN CAPITAL – CAPITAL CONTRIBUTION

As
of December 31, 2024 and 2023, the Company has a total additional paid-in capital - capital contribution balance of $1,469,166 and $1,469,166,
respectively.

14.
CONCENTRATION OF CREDIT RISK

Financial
instruments, which potentially the Company to concentrations of credit risk, consist primarily of cash. The Company minimizes the concentration
of credit risk associated with its cash by maintaining its cash with high-quality insured financial institutions. However, cash balances
in excess of Chinese government (Deposit insurance regulations, effective from May 1, 2015) insured limit of RMB500,000 (approximately
of $70,451) are at risk. As of December 31