Company: ZDAN
Filing Date: 2025-02-18
Form Type: DRS/A
Source: 0001683168-25-001085
Chunk: 308

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-02-18
Form: DRS/A
Chunk 308
---
30, 
          2023 |   |
|:------------------------------------------|:----|:--|--------------:|:--|:----|:--|--------------:|:--|
| Advance to suppliers*                     |     | $ |     4,591,200 |   |     | $ |     2,462,502 |   |
| Other current assets                      |     |   |       312,891 |   |     |   |        99,797 |   |
| Total                                     |     |   |     4,904,091 |   |     |   |     2,562,299 |   |
| Allowances for advance to suppliers       |     |   |      (505,728 | ) |     |   |      (486,430 | ) |
| Prepayments and other current assets, net |     | $ |     4,398,363 |   |     | $ |     2,075,869 |   |

* Advance to suppliers included prepaid marketing
and promotion expense and prepaid software development fee.

Prepaid marketing and promotion expenses for the years endedSeptember 30, 2024 and 2023 amounted to$1,738,448 and $1,943,928 respectivelyand prepaid software development fee for the years endedSeptember 30, 2024 and 2023 amounted to$2,179,856 and $0 respectively. The marketing and promotion expenses are prepaid to retain various marketing and promotional activities after the company successfully launch its IPO.

Movement of allowance for advance to suppliers

|                                             |     | Year Ended         
 September 30, 2024 |          |   |     | Year Ended         
 September 30, 2023 |          |   |
|:--------------------------------------------|:----|:-------------------|:---------|:--|:----|:-------------------|---------:|:--|
| Beginning balance                           |     | $                  | (486,430 | ) |     | $                  | (498,910 | ) |
| Provision for doubtful advance to suppliers |     |                    | –        |   |     |                    |        – |   |
| Written-off                                 |     |                    | –        |   |     |                    |        – |   |
| Exchange rate effect                        |     |                    | (19,298  | ) |     |                    |   12,480 |   |
| Ending balance                              |     | $                  | (505