Company: YDDL
Filing Date: 2025-10-09
Form Type: 424B4
Source: 0001213900-25-097758
Chunk: 157

Company: One & one Green Technologies. INC
Filing Date: 2025-10-09
Form: 424B4
Chunk 157
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 case of contingently issuable shares that all necessary conditions for issuance have not been satisfied. For the years ended December31, 2024 and 2023, there was no dilution impact. t)Commitments and contingencies The Company accrues estimated losses from loss contingencies by a charge to income when information available before financial statements are issued or are available to be issued indicates that it is probable that an asset had been impaired, or a liability had been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the loss contingency is made in the financial statements when it is at least reasonably possible that a material loss could be incurred. As of December 31, 2024 and 2023, there were no contingent liabilities relating to litigations against the Company. u)Lease In February 2016, the FASB issued ASU No. 2016 -02, “Leases (Topic 842)”. The amendments in this ASU require that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right -of-useasset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. In November 2019, the FASB issued ASU No. 2019 -10, Financial Instruments — Credit losses (Topic 326), Derivative and Hedging (Topic 815), and Lease (Topic 842): Effective Date. ASU2019 -10amends the effective dates for ASU No. 2016 -02. The Company has early adopted ASU2016 -02effective January 1, 2021. The Company has adopted the ASU with changes to the Company’s balance sheet to recognize right -of-useassets and related lease liabilities for operating leases. The Company evaluates whether agreements constitute leases by reviewing the contractual terms to determine which party obtains both the economic benefits and control of the assets at the inception of the contract. Leases with contractual terms longer than twelve months are categorized as operating or finance leases at the commencement date. The Company recognizes a lease liability for future lease payments