Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 152

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 152
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 intangible assets from our ongoing research and development efforts.

Net cash used in investing
activities was approximately $629,922 for the fiscal year ended September 30, 2023, primarily attributable to the payments related to
intangible assets from our ongoing research and development efforts in the amount of approximately $593,670 and payments made to acquire
office equipment in the amount of $36,252.

| 87 |

Financing Activities:

Net cash provided by financing
activities was $277,611 and $1,458,097 for the fiscal year ended September 30, 2024 and 2023, respectively, mainly attributable to
the below:

| (i)   | Proceeds from short-term bank loan were $694,028 and 425,332 for the fiscal years ended September 30, 2024 and 2023, respectively. Repayment of short-term bank loans were $416,417 and nil for the fiscal years ended September 30, 2024 and 2023, respectively. |
| (ii)  | Proceeds from investors were nil and $238,113 for the fiscal years ended September 30, 2024 and 2023, respectively.                                                                                                                                               |
| (iii) | Loan received from related parties were $13,881 and $1,458,321 and loan repayment to related parties were $13,881 and $663,669 for the fiscal years ended September 30, 2024 and 2023, respectively.                                                              |

Based on current operating
plan, our management believes that the Company will be able to meet future liquidity and capital requirement for at least next twelve
months from the date of the issuance of the audited financial statements.

<div align='center'>Disclosure of Contractual Obligations</div>

There are no material contractual
obligations as of September 30, 2024, and 2023, except for the operating lease commitment. See “— Commitment.”

<div align='center'>Capital Expenditures on Intangible Assets</div>

Our capital expenditures
consist primarily of expenditures in the development of software as a result of our continued technological improvement on our products.
Our capital expenditures for intangible assets amounted to $12,210 and $593,670 for the fiscal year ended September 30, 2024 and 2023,
respectively.

We follow Financial Accounting
Standards Board (FASB) ASC 985 to account for software development costs incurred for external use software. ASC