Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 317

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 317
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 Limited)

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”),
except for number of shares)</div>

| ● | Rental 
 Income |

Rental income represents monthly rental received
from the Company’s tenants. The Company recognizes rental income on a straight-line basis over the lease term in accordance with
the lease agreement.

| ● | Comprehensive 
 Loss          |

ASC Topic 220, “Comprehensive Income”,
establishes standards for reporting and display of comprehensive income (loss), its components and accumulated balances. Comprehensive
income (loss) as defined includes all changes in equity during a period from non-owner sources. Accumulated other comprehensive loss,
as presented in the accompanying unaudited condensed consolidated statements of stockholders’ (deficit) equity, consists of changes
in unrealized gains and losses on foreign currency translation. This comprehensive loss is not included in the computation of income tax
expense or benefit.

| ● | Employee 
 Benefits |

Full time employees of the Hong Kong subsidiaries
participate in a defined contribution Mandatory Provident Fund retirement benefit scheme under the Hong Kong Mandatory Provident Fund
Schemes Ordinance.

| ● | Income 
 Taxes  |

Income taxes are determined in accordance with
the provisions of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this method, deferred tax assets and
liabilities are recognized for the future tax consequences attributable to differences between the unaudited condensed consolidated financial
statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are
measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected
to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the
period that includes the enactment date.

ASC 740 prescribes a comprehensive model for how
companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to
be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the unaudited condensed consolidated financial
statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions
must initially and subsequently be measured as the largest amount of tax benefit that has a