Company: CLIK
Filing Date: 2025-03-19
Form Type: F-1
Source: 0001213900-25-025112
Chunk: 188

Company: Click Holdings Ltd.
Filing Date: 2025-03-19
Form: F-1
Chunk 188
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3 -07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which improves reportable segment disclosure requirements, primarily through enhanced disclosure about significant segment expenses. The guidance in this ASU is effective fiscal years beginning after December 15, 2023. In December 2023, the FASB issued ASU 2023 -09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures requiring enhancements and further transparency to certain income tax disclosures, most notably the tax rate reconciliation and income taxes paid. This ASU is effective for fiscal years beginning after December 15, 2024 on a prospective basis and retrospective application is permitted. The Company is reviewing the impact of these accounting pronouncements but does not currently expect the adoption of these standards to have a material impact on its CFS. F-30

CLICK HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2023 AND 2022 3. ACCOUNTS RECEIVABLE The Company expects the accounts receivable could be substantially settled within 90 days from the invoice date. Below is an analysis of the movements in the allowance for expected credit losses:

|                                  |     | Years Ended  
 December 31, 
 2023         |       |     | 2022 |   |
|:---------------------------------|:----|:-------------|------:|:----|:-----|:--|
| Balance at beginning of the year |     | $            |     — |     | $    | — |
| Additions                        |     |              | 5,200 |     |      | — |
| Balance at end of the year       |     | $            | 5,200 |     | $    | — |

As of the date of this audit report, the Company collected approximately $836,000, or 98.4%, of the accounts receivable as of December 31, 2023. The Company is not aware of any collection risk on the remaining balance. 4. PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consist of the following:

|                                           |     | As of December 31, |   2023 |     |   |   2022 |
|:------------------------------------------|:----|:-------------------|-------:|:----|:--|-------:|
| Prepaid expenses                          |     | $