Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 39

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 5
Chunk 39
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2%, to approximately $3.2 million for
the year ended December 31, 2024 from approximately $2.9 million for the same period in 2023. The increase in cost of revenues from property
management services is due to increase of cost of labor in connection with the property management services.

  26  

Holistic
wellness consumer products and services

Cost
of revenue associated with our holistic wellness consumer products and services primarily consists of the cost of purchasing holistic
wellness products for resale, depreciation for bioenergy cabin that performed the therapies service, and compensation for service personnel.

Disaggregated
information of cost of revenue from holistic wellness consumer products and services are as follows:

                                                                      For the years ended                                                                           
                                                                      December 31,                                                                                  
                                                                                                                                             Percentage             
                                                                      2024                                 2023      Change                  Change                 
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Holistic wellness consumer products                                 $                           844      $         $              844                      100.0  
  Wellness therapies service                                                                   33,144                            33,144                      100.0  
  Total cost of revenue from Holistic wellness consumer products      $                        33,988      $         $           33,988                      100.0  

Gross
Profit

Property
management services

The
gross profit percentage from property management services was 18.0% and 22.7% for the years ended December 31, 2024 and 2023, respectively.
The decrease of gross profit percentage of 4.7% was primarily attributable to increase in salary and benefits of the property management
employees due to inflation while we are generating the same level of management services revenues.

Holistic
wellness consumer products and services

Disaggregated
information of gross profit from holistic wellness consumer products and services are as follows:

                                                              For the                       For the           Change                         
  Holistic wellness consumer products                                                                                                        
  Gross profit                                                $                  2,418      $                 $            2,418      100.0  
  Gross margin                                                                    74.1                                      74.1             
  Wellness therapies service                                                                                                                 
  Gross profit                                                $                 42,428      $                 $           42,428      100.0  
  Gross margin                                                                    56.1                                      56.1             
  Licensing service of bioenergy cabin                                                                                                       
  Gross profit