Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 313

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 313
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----------------------------------------------------------------------------------|:----|:-------------------------|-------:|
| Patent right      |     | An improvement method of k-bucket structure of kademlia protocol                  |     | $                        |  2,209 |
| Licensed software |     | Distributed peer-to-peer network for large-scale clusters with billions of scales |     |                          |  5,790 |
| Patent right      |     | A distributed network and its construction method                                 |     |                          | 32,534 |
| Total             |     |                                                                                   |     | $                        | 40,533 |

11. Contract liabilities

|                  |     |   |         As of 
 September 30, 
          2024 |     |   |         As of 
 September 30, 
          2023 |
|:-----------------|:----|:--|--------------:|:----|:--|--------------:|
| Deferred revenue |     | $ |       420,756 |     | $ |       363,433 |
| Total            |     | $ |       420,756 |     | $ |       363,433 |

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 years ended September 30, 2024 and 2023, all
contract liability at the beginning of the reporting period has been recognized as revenue during the years.

| F-25 |

Movement of deferred revenue

|                                                        |     |   | Year Ended September 30, 2024 |   |     |   | Year Ended September 30, 2023 |   |
|:-------------------------------------------------------|:----|:--|------------------------------:|:--|:----|:--|------------------------------:|:--|
| Beginning balance                                      |     | $ |                       363,433 |   |     | $ |                       418,520 |   |
| Contract liabilities recognized as revenue in the year |     |   |                      (287,369 | ) |     |   |                    (5,909,534 | ) |
| Contract liabilities addition in the year              |     |   |                       328,814 |   |     |   |                     5,955,688 |   |
| Exchange rate effect                                   |     |   |                        15,878 |   |     |