Company: LHI
Filing Date: 2025-01-27
Form Type: DRS/A
Source: 0001213900-25-006939
Chunk: 239

Company: Living Homeopathy International Ltd.
Filing Date: 2025-01-27
Form: DRS/A
Chunk 239
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 outflows,
are less than the carrying amount, an impairment loss is recognized in an amount equal to the difference between the carrying value of
such an asset and its fair value. Assets to be disposed of and for which there is a committed plan of disposal, whether through sale or
abandonment, are reported at the lower of carrying value or fair value less costs to sell. There were no impairments of these assets as
of March 31, 2024 and 2023.

The Company utilizes ASC 842 to account for leases
for all periods presented.

The Company determines if an arrangement is a
lease at inception. On the Company’s consolidated balance sheets, right-of-use (“ROU”) assets, current portion of lease
liabilities, and non-current portion of lease liabilities are accounted.

<div align='center'>F-10</div>

ROU assets and lease liabilities are recognized
based on the present value of the future minimum lease payments over the lease term at commencement date. As the Company’s leases
do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date
in determining the present value of future payments. The ROU asset also includes any lease payments made and initial direct costs incurred
and excludes lease incentives. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably
certain that the Company will exercise that option. For leases that have lease terms of 12 months or less and does not include a purchase
option that is reasonably certain to exercise, the Company elected not to apply ASC 842 recognition requirements. Lease expenses for minimum
lease payments are recognized on a straight-line basis over the lease term. Any lease with a term of 12 months or less is considered short-term.

Rental deposits represent
security payments made to lessors for the Company’s entered lease agreements. The Company made such security payments upon the commencement
of the original lease agreement. The security deposit will be refunded to the Company upon the termination or expiration of the lease
agreements as well as the delivery of the vacant leased properties to the lessors by the Company.

Bank borrowings are initially recognized at fair
value, net of upfront fees incurred. Borrowings are subsequently measured at amortized cost. Any difference between the proceeds (net
of transaction costs) and the redemption amount is recognized in profit or loss over the period of the borrowings using the effective
interest method.

Accounts payable represent trade payables to vendors.

Accru