Company: LDDD
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-013782
Chunk: 200

Company: Longduoduo Co Ltd
Filing Date: 2025-02-14
Form: 10-Q
Item: Part II, Item 8
Chunk 200
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30, 2024, property and equipment, at cost, consisted of:

    December 31,  
    June 30, 

    2024  
    2024 
  
    Office equipment and furniture 
    $486,169  
    $461,562 
  
    Leasehold improvements 
     69,137  
     40,506 
  
    Total 
     555,306  
     502,068 
  
    Accumulated depreciation 
     229,880  
     148,582 
  
    Total property and equipment, net 
    $325,426  
    $353,486 

The Company recorded depreciation expense of $52,544 for
the three months ended December 31, 2024, of which $50,252 was recorded as operating expense and $2,292 was recorded as cost
of revenue. The Company recorded depreciation expense of $82,542 for the six months ended December 31, 2024, of which $77,876 was
recorded as operating expense and $4,666 was recorded as cost of revenue.

The Company recorded depreciation expense of $23,187 for
the three months ended December 31, 2023, of which $21,255 was recorded as operating expense and $1,932 was recorded as cost
of revenue. The Company recorded depreciation expense of $38,703 for the six months ended December 31, 2023, of which $35,271 was
recorded as operating expense and $3,432 was recorded as cost of revenue.

NOTE
5. RELATED PARTY TRANSACTIONS

Due to related parties

Due to related parties consists
of the following:

    Name of related party 
    December 31,  2024  
    June 30, 2024 
  
    Zhang Liang 
    $2,318  
    $2,233 
  
    Total 
    $2,318  
    $2,233 

Until November 29, 2023, Zhang Liang was the President
and Chairman of the Board of Longduoduo. Mr. Zhang Liang controls approximately 51% of Longduoduo’s issued and outstanding common
stock. These advances due to related parties are unsecured, repayable on demand, and bear no interest.

NOTE
6. INCOME TAXES

United