Company: EUDAW
Filing Date: 2025-09-24
Form Type: 20-F/A
Source: 0001493152-25-014808
Chunk: 71

Company: EUDA Health Holdings Ltd
Filing Date: 2025-09-24
Form: 20-F/A
Chunk 71
---
2023, three customers accounted for 23.9%, 11.9%, and 10.6% of the Company’s total balance of accounts receivable, respectively.

(b) Major vendors

For the years ended December 31, 2024, 2023 and 2022, no vendor accounted for 10% or more of the Company’s total purchases.

As of December 31, 2024, two vendor accounted for 79.9% and 10.7% of the Company’s total balance of accounts payable. As of December 31, 2023, two vendors accounted for 10% or more of the Company’s total balance of accounts payable. This did not make the Company vulnerable to concentration risks as the balance is insignificant.

(c) Credit risk

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. The Singapore Deposit Insurance Corporation Limited (SDIC) insures deposits in a Deposit Insurance (DI) Scheme member bank or finance company up to approximately $ 57,000(SGD 75,000) per account. As of December 31, 2024 and 2023, the Company had cash balance of $ 70,670and $ 177,205was maintained at DI Scheme banks in Singapore, of $ 0and $ 84,870was subject to credit risk, respectively. The United States’ Federal Deposit Insurance Corporation (FDIC) standard insurance amount is up to $ 250,000per depositor per insured bank. As of December 31, 2024 and 2023, the Company had cash balance of $ 15,237and $ 10,820was maintained at banks in the United States, of which none was subject to credit risk. The Malaysia deposit insurance corporation (PIDM) standard insurance amount is up to approximately $ 53,000(MYR 250,000) per depositor per insured bank. As of December 31, 2024 and 2023, the Company had cash balance of $ 151,506and $ 0was maintained at banks in Malaysia, of $ 79,219and $ 0was subject to credit risk. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness.

The Company is also exposed to risk from accounts receivable and other receivables. These assets are subjected to credit evaluations. An allowance has been made for estimated unrecoverable amounts which have been determined by