Company: LDDD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108744
Chunk: 16

Company: Longduoduo Co Ltd
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 the if-converted method. Potential common shares that have an anti-dilutive
effect (i.e., those that increase earnings per share or decrease loss per share) are excluded from the calculation of diluted EPS. 

On February 19, 2025, Longduoduo issued 10,020
shares of its common stock to the original shareholders of LDD, in exchange for 100% of the outstanding shares of LDD.

N. Recently
adopted accounting pronouncements

We do not
believe that any recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the
Company’s consolidated financial position, statements of operations and cash flows.

F-10

LONGDUODUO COMPANY LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025
AND 2024

(UNAUDITED)

NOTE 3. PREPAYMENTS

Prepayments
primarily include prepaid expenses, equipment, leasing and advances to suppliers. As of September 30, 2025 and June 30, 2025 prepayments
were $194,259 and $133,610 respectively.

NOTE
4. PROPERTY AND EQUIPMENT

As of September
30, 2025 and June 30, 2025, property and equipment, at cost, consisted of:

    September 30,  
    June 30, 

    2025  
    2025 
  
    Office equipment and furniture 
    $465,438  
    $452,187 
  
    Leasehold improvements 
     49,717  
     70,404 
  
    Total 
     515,155  
     522,591 
  
    Accumulated depreciation 
     230,768  
     242,588 
  
    Total property and equipment, net 
    $284,387  
    $280,003 

The Company recorded depreciation expense of $27,422 for
the three months ended September 30, 2025, of which $24,978 was recorded as operating expense and $2,444 was recorded as cost
of revenue.

The Company recorded depreciation expense of $29,998 for
the three months ended September 30, 2024, of which $27,624 was recorded as operating expense and $2,