Company: EZOO
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022083
Chunk: 18

Company: Ezagoo Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 18
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U No. 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation
Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires entities to disclose additional information
about certain expense categories in the notes to the financial statements. This guidance may be applied retrospectively or prospectively
for annual reporting periods beginning with the Group’s combined financial statements for the fiscal year ended December 31, 2027,
and interim periods beginning with the Group’s condensed combined financial statements for the fiscal quarter ended March 31, 2028.
Early adoption is permitted.

In
January 2025, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2025-01
— Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying
the Effective Date. This ASU amends the effective date of Update 2024-03 to clarify that all public business entities are required to
adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods
beginning after December 15, 2027.

Recently
issued ASUs by the FASB, except for the ones mentioned above, are not expected to have a significant impact on the Company’s consolidated
results of operations or financial position. Other accounting standards that have been issued or proposed by FASB that do not require
adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company
does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its consolidated financial condition,
results of operations, cash flows, or disclosures.

NOTE
4 - PROPERTY AND EQUIPMENT

SCHEDULE
OF PROPERTY AND EQUIPMENT 

    September 30, 2025  
    December 31, 2024 
  
    Office equipment 
    $42,332  
    $42,332 
  
    Less: Accumulated depreciation 
     (42,332) 
     (42,332)
  
    Property and equipment, net 
    $-  
    $- 

    F-10

EZAGOO
LIMITED

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(Currency
expressed in United States Dollars (“US$”), except for number of shares)