Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 411

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 411
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 CONSOLIDATED FINANCIAL STATEMENTS</div>

NOTE 14 — FORWARD SHARE PURCHASE LIABILITY (“FSP Liability”)

During the year ended December 31, 2023, pursuant
to the sale of shares by investors and early termination of the Meteora Backshop Agreement (see Note 5), FSP liability was fully settled
with a loss of $ recorded in the consolidated statements of operations and comprehensive loss.

The FSP liability as of December 31, 2022 under
the Meteora Backstop Agreement is valued by an independent valuer using a Black-Scholes model, which is considered to be Level 3 fair
value measurement.

|                         |     | As of        
 December 31, 
 2022         |            |   |
|:------------------------|:----|:-------------|-----------:|:--|
| Input                   |     |              |            |   |
| Share price             |     | $            |       1.54 |   |
| Risk-free interest rate |     |              |       4.16 | % |
| Volatility              |     |              |      52.19 | % |
| Exercise price          |     | $            |      12.34 |   |
| Term                    |     |              | 0.61 years |   |

For the year ended December 31, 2023, the change
in fair value of FSP liability of $ was charged to the consolidated statements of operations and comprehensive loss.

NOTE 15 — LEASE

Operating lease right-of-use (“ROU”)
asset and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. ROU asset
represents the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s
obligation to make lease payments arising from the lease. Generally, the implicit rate of interest (“discount rate”) in arrangements
is not readily determinable and the Company utilizes its incremental borrowing rate in determining the present value of lease payments.
The Company’s incremental borrowing rate is a hypothetical rate based on its understanding of what its credit rating would be. The
operating lease ROU asset includes any lease payments made and excludes lease incentives.

During the year ended December 31, 2023, the Company
has entered into a commercial operating lease with an independent third party for the use of an office in Hong Kong. The lease has an
original term exceeding year, but