Company: LDDD
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-013782
Chunk: 12

Company: Longduoduo Co Ltd
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 of revenue  
    Cost of revenue  
    Percentage of Cost of revenue 
  
    Supplier A 
    $6,431  
     15% 
    $25,144  
     24%
  
    Supplier B 
     11,103  
     25% 
     38,176  
     36%
  
    Supplier C 
     22,137  
     50% 
     29,179  
     28%

There are
three suppliers that accounts for 11%, 23% and 34% of the account payable as of December 31, 2024 and one supplier that accounts for 68%
of the account payable as of June 30, 2024.

G. Cash
and cash equivalents

Cash consists
of cash on hand and bank deposits, which are unrestricted as to withdrawal and use. All highly liquid investments with original stated
maturity of three months or less are classified as cash and cash equivalents. Cash equivalents approximate or equal fair value due to
their short-term nature. The Company’s cash and cash equivalents consist of cash on hand and cash in bank as of December 31, 2024
and June 30, 2024.

F-7

LONGDUODUO COMPANY LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED DECEMBER 31, 2024 AND
DECEMBER 31, 2023

(UNAUDITED)

H. Property and equipment

Property and equipment are stated at cost. Expenditures
for maintenance and repairs are charged to operations when incurred, while additions and betterments are capitalized. Depreciation is
recorded on a straight-line basis over the useful lives of the assets. When assets are retired or disposed, the asset’s original
cost and related accumulated depreciation are eliminated from those accounts and any gain or loss is reflected in income.

The Company capitalizes certain costs associated
with the acquisition of software. Once the software is ready for its intended use, these costs are amortized on a straight-line basis
over the software’s expected useful life.

The estimated useful lives for property and equipment
categories are as follows:

    Office equipment and furniture 
     3 years 
  
    Leasehold Improvements 
     1-5 years 

I. Intangible Assets

Intangible assets consist of software. Intangible
assets are initially recognized