Company: LDDD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108744
Chunk: 182

Company: Longduoduo Co Ltd
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 8
Chunk 182
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 the current
capital structure has been retroactively presented in prior periods as if such structure existed at that time, and the entities under
common control are presented on a combined basis for all periods. Since all of the subsidiaries were under common control for all periods
presented, the results of these subsidiaries are included in the Company’s financial statements for all periods presented. 

F-5

LONGDUODUO COMPANY LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025
AND 2024

(UNAUDITED)

NOTE 2. SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES

A. Basis
of presentation

The accompanying
consolidated financial statements are expressed in U.S. Dollars and have been prepared on the accrual basis of accounting in accordance
with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

B. Principles
of consolidation

The consolidated
financial statements include the accounts of Longduoduo and its subsidiaries. All significant inter-company accounts and transactions
have been eliminated. The consolidated financial statements include 100% of assets, liabilities, and net income or loss of these
subsidiaries.

LDD Technology Limited was established on March
18, 2024 under the laws of British Virgin Islands. LDD is a holding company with no business operations of its own. On February 19, 2025,
Longduoduo issued 10,020 shares of its common stock to the original shareholders of LDD and assumed all the original shareholders' capital
contribution obligations to LDD, in exchange for 100% of the outstanding shares of LDD. This transaction is treated in the Company’s
financial statements as a corporate restructuring (reorganization) of entities under common control, as LDD and Longduoduo have at all
times been under the control of Mr. Zhang Liang. Therefore, this transaction is accounted for by the carry-over basis method (also referred
to as the pooling-of-interests method or historical-cost method). The assets and liabilities transferred are recorded by the receiving
entity at their historical carrying amounts in the consolidated financial statements of the controlling parent, not at fair value. No
new goodwill is recognized, and no gain or loss is recorded. In accordance with ASC 805-50-45-5, the current capital structure has been
retroactively presented in prior