Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 159

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 159
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 has unconditional right to the payment. Deferred cost is deferred for the
contract preparation and will be recognized as cost of revenues when goods or services are transferred to customers.

The contract liabilities
consist of advance from customers, which represent the billings or cash received for services or product sales in advance of revenue
recognition and is recognized as revenue when all of the Company’s revenue recognition criteria are met. For the fiscal years
ended September 30, 2024 and 2023, the contract liabilities at the beginning of the reporting period, which amounted to $287,369 and
$5,909,534 respectively, have been recognized as revenue during the years. The Company’s contract liability amounted to $420,756
and $363,433 as of September 30, 2024 and 2023, respectively. The Company expects to recognize this balance as revenue over the next
12 months.

Disaggregated information of revenues

For the Fiscal Years Ended September 30, 2024 and 2023

The following table presents revenue disaggregation
by revenue stream for the fiscal years ended September 30, 2024 and 2023:

|                                                 | Revenue disaggregation | Fiscal Years Ended September 30, |      2024 |     |   |      2023 |
|:------------------------------------------------|:-----------------------|:---------------------------------|----------:|:----|:--|----------:|
| Software Perpetual License and related services |                        | $                                | 5,471,793 |     | $ | 5,045,621 |
| Software Term License and related services      |                        |                                  |   434,369 |     |   |   635,046 |
| Total revenues                                  |                        | $                                | 5,906,162 |     | $ | 5,680,667 |

The following table presents revenue disaggregation
by software products for the fiscal years ended September 30, 2024 and 2023, respectively.

|                                                         | Revenue disaggregation by software products | Fiscal years ended September 30, |      2024 |     |   |      2023 |
|:--------------------------------------------------------|:--------------------------------------------|:---------------------------------|----------:|:----|:--|----------:|
| Cloud Data Base Station Node Software                   |                                             | $                                | 5,311,916 |     | $ | 4,902,503 |
| Enterprise Data Base Station Node Software and Hardware |                                             |