Company: LDDD
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-013782
Chunk: 28

Company: Longduoduo Co Ltd
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 fees and depreciation and amortization. Our operating expenses
during the three months ended December 31, 2024 decreased by $758,519, primarily attributable to:

    ●
    $769,526 in advertising and promotion expenses incurred during the three months ended December 31, 2024, compared to $1,378,465 recorded during the three months ended December 31, 2023. The decrease was primarily attributable to a tactical decision by Management to reduce marketing expense while we await an economic recovery that will fund an increase in non-essential medical expenditures. Over the longer term, we intend to continue to devote available resources to expanded advertising and promotion expense for the purpose of achieving a broader market.

    ●
    $154,344 in salaries and benefit expenses in the three months ended December 31, 2024, compared to $166,937 during the three months ended December 31, 2023. The decrease in our labor costs was primarily caused by the company decreasing the number of employees due to adjustments in its operational policies.

    ●
    $128,358 in office expenses during the three months ended December 31, 2024, compared to $223,303 during the three months ended December 31, 2023. The decrease was mainly attributable to the fact that the decline of business has led to a decrease in daily expenses.

Our net income for the three months ended December 31, 2024 was $501,599,
compared to a net income of $182,828 for the three months ended December 31, 2023. For the reasons discussed above, the company return
to profitability in the last quarter of 2024, as the government has recently introduced many policies to promote economic recovery. But
it may take some time for the situation to truly improve. Also, the company intends to improve its operations by adjusting its operational
policies.

Our reporting currency is the U.S. dollar.
Our local currency, the Renminbi (RMB), is our functional currency. Results of operations and cash flow are translated at average
exchange rates during the period being reported upon, and assets and liabilities are translated at the unified exchange rate as
quoted by OANDA on the balance sheet date. Translation adjustments resulting from this process are included in other comprehensive
income (loss). For the three months ended December 31, 2024 and 2023, foreign currency translation adjustments of $(62,057) and
$6,505