Company: GRAN
Filing Date: 2025-04-09
Form Type: F-1/A
Source: 0001213900-25-030179
Chunk: 257

Company: Grande Group Ltd/HK
Filing Date: 2025-04-09
Form: F-1/A
Chunk 257
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 -10, “Government Assistance: Disclosures by Business Entities about Government Assistance” (Topic 832), which requires entities to provide disclosures on material government assistance transactions for annual reporting periods. The disclosures include information around the nature of the assistance, the related accounting policies used to account for government assistance, the effect of government assistance on the entity’s financial statements and any significant terms and conditions of the agreements, including commitments and contingencies. The adoption of ASC 832 did not have a material impact on the Company’s financial position, results of operations or cash flows. Accounts receivables, net Accounts receivable, net includes amounts billed under the contract terms. The amounts are stated at their net realizable value. The Company maintains an allowance for expected credit loss to provide for the estimated number of receivables that will not be collected. The Company considers several factors in its estimate of the allowance, including knowledge of a client’s financial condition, its historical collection experience, and other factors relevant to assessing the collectability of such receivables. Bad debts are written off against allowances. Leasehold improvement and equipment, net Leasehold improvement and equipment are carried at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight -linemethod. The Company typically applies a salvage value of 0%. The estimated useful lives of leasehold improvement and equipment are as follows:

| Leasehold improvement       |     | the lesser of useful life or term of lease |
| Office equipment and others |     | 4 years                                    |

F-10

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts, and any gain or loss are included in the Company’s results of operations. The costs of maintenance and repairs are recognized as incurred; significant renewals and betterments are capitalized. Deferred initial public offering (“IPO”) costs Deferred IPO costs consist of costs incurred in connection with the Company’s planned IPO in the United States. These costs, together with the underwriting discounts and commissions, will be charged to additional paid -incapital upon completion of the planned IPO or charged to consolidated statements of operations if the planned IPO is not completed. As of March31, 2024 and 2023, the Company had deferred IPO costs of $325,291 and nil, respectively. Revenue recognition Revenue from contracts with customers The Company follows the rules and guidance set out under ASC 606, when recognizing revenue from contracts