Company: STAK
Filing Date: 2025-02-26
Form Type: 424B4
Source: 0001493152-25-008310
Chunk: 188

Company: STAK Inc.
Filing Date: 2025-02-26
Form: 424B4
Chunk 188
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. As of June 30, 2024 and 2023, net assets restricted in the aggregate, which include paid-in capital and statutory reserve funds of the Company’s subsidiaries, that are included in the consolidated net assets were $4,881,919 and $4,635,441 as of June 30, 2024 and 2023, respectively.

NOTE 14 - CONCENTRATIONS

| (a) | Concentration 
 of customers  |

The following table sets forth information as to each customer that accounted for 10% or more of net revenue for the years ended June 30, 2024 and 2023.

|                                      |     | For the Years Ended June 30, |    |   |     |      |    |   |
| Percentage of the Company’s revenues |     |                         2024 |    |   |     | 2023 |    |   |
| Customer A                           |     |                              | 29 | % |     |      |  * |   |
| Customer B                           |     |                              | 24 | % |     |      | 31 | % |
| Customer C                           |     |                              | 14 | % |     |      |  * |   |
| Customer D                           |     |                              |  * |   |     |      | 16 | % |
| Customer E                           |     |                              |  * |   |     |      | 13 | % |
| Total                                |     |                              | 67 | % |     |      | 60 | % |

The following table sets forth information as to each customer that accounted for 10% or more of total gross accounts receivable as of June 30, 2024 and 2023.

|                                                 |     | As of June 30, |    |   |     |      |    |   |
| Percentage of the Company’s accounts receivable |     |           2024 |    |   |     | 2023 |    |   |
| Customer B                                      |     |                | 85 | % |     |      | 60 | % |
| Customer F                                      |     |                |  * |   |     |      | 23 | % |
| Total                                           |     |                | 85 | % |     |      | 83 | % |

| * | Indicates  
 below 10%. |

| F-20 |

<div align='center'>STAK INC.

NOTES