Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 149

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1A
Chunk 149
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 ended June 30, 2025 and 2024, one customer accounted for 97.2% and 95.6% of revenue.

For
the years ended June 30, 2025 and 2024, the Company had two and three major suppliers, respectively, that accounted for over 10%
of its total cost of revenue.

    Year ended June 30, 2025  
    Year ended June 30, 2024 

    Cost of revenue  
    Percentage of Cost of revenue  
    Cost of revenue  
    Percentage of Cost of revenue 

    Supplier A 
    $29,666  
     33% 
    $57,358  
     33%
  
    Supplier B 
     38,502  
     42% 
     31,216  
     18%
  
    Supplier C 
     -  
     -  
     63,663  
     37%

F.
Cash and cash equivalents

Cash
consists of cash on hand and bank deposits, which are unrestricted as to withdrawal and use. All highly liquid investments with original
stated maturity of three months or less are classified as cash and cash equivalents. Cash equivalents approximate or equal fair value
due to their short-term nature. The Company’s cash and cash equivalents consist of cash on hand and cash in bank as of June 30,
2025 and 2024.

F-9

LONGDUODUO
COMPANY LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE YEARS ENDED JUNE 30, 2025 AND JUNE 30, 2024

G.
Property and equipment

Property
and equipment are stated at cost. Expenditures for maintenance and repairs are charged to operations when incurred, while additions and
betterments are capitalized. Depreciation is recorded on a straight-line basis over the useful lives of the assets. When assets are retired
or disposed, the asset’s original cost and related accumulated depreciation are eliminated from those accounts and any gain or
loss is reflected in income.

The
Company capitalizes certain costs associated with the acquisition of software. Once the software is ready for its intended use, these
costs are amortized on a straight-line basis over the software’s expected useful life.

The
estimated useful lives for property and equipment categories are as follows:

    Office equipment