Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 252

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 252
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This note also establishes a fair value hierarchy which requires classification based on observable and unobservable inputs when measuring
fair value. There are three levels of inputs that may be used to measure fair value:

Level 1
— Quoted prices in active markets for identical assets or liabilities.

Level 2
— Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in
markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially
the full term of the assets or liabilities.

Level 3
— Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the
assets or liabilities.

Determining which category an asset or liability falls within
the hierarchy requires significant judgment.

The Group evaluates its hierarchy disclosures each
quarter.

l) Investment

The Company carries its investments
in accordance with ASC Topic 820, Fair Value Measurements and Disclosures (“ASC 820”), issued by the FASB, which defines fair
value, establishes a framework for measuring fair value and requires disclosures about fair value measurements. Fair value is generally
based on quoted market prices provided by independent price sources. Following by the hierarchy of fair value measurment inputs, the Group
further recognize its investment as long term equity investment

Due to the inherent uncertainties
of valuation, certain estimated fair values may differ significantly from the values that would have been realized had a ready market
for these investments existed, and these differences could be material. See Note 7 “Investment”.

m) Revenue recognition

In accordance
with ASC Topic 606, revenues are recognized when control of the contracted goods or services is transferred to the Group’s customers,
in an amount that reflects the consideration the Group expects to be entitled to in exchange for those goods or services. In determining
when and how much revenue is recognized from contracts with customers, the Group performs the following five-step analysis: (1) identify
the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate
the transaction price to the performance obligations in the contract; (5) recognize revenue when (or as) the entity satisfies a performance
obligation. The Group assesses its revenue arrangements against specific criteria in order to determine if it is acting as principal or
agent. Revenue is recognized upon the transfer of control of contracted goods or services to a customer.

Software