Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 385

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 4
Chunk 385
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 certain of exercise. Lease expense is
recognized on a straight-line basis over the term of the lease. Lease expense related to these noncancelable operating leases was $63,345 and
$58,790 for the years ended June 30, 2025 and 2024, respectively.

Balance
sheet information related to the Company’s leases is presented below:

    June 30, 2025  
    June 30, 2024 
  
    Assets 

    Operating lease right of use assets 
    $32,906  
    $50,070 
  
    Liabilities 

    Operating lease liabilities – current 
    $18,570  
    $17,618 
  
    Operating lease liabilities – non-current 
     -  
     18,314 
  
    Total Operating lease liabilities 
    $18,570  
    $35,932 

Other
information related to leases is presented below:

     For the year ended June 30,      2025   2024   Cash Paid for Amounts Included in Measurement of Liabilities:          Operating cash flows used in operating leases  $18,990   $14,250   Weighted Average Remaining Lease Term:            Operating leases   1.75 years    2.75 years   Weighted Average Discount Rate            Operating leases   3.95%   3.95% 

As
most of the Company’s leases do not provide an implicit rate, the Company uses 1-5 years borrowing rate from bank of 3.95%
based on the information available at commencement date in determining the present value of lease payments.

Maturities
of lease liabilities are as follows:

    For the year ending June 30: 

    2026 
    $19,115 
  
    Total lease payments 
     19,115 
  
    Less: imputed interest 
     (545)
  
    Total lease liabilities 
    $18,570 

F-15

LONGDUODUO
COMPANY LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE YEARS ENDED JUNE 30, 2025 AND JUNE 30, 2024

NOTE
8. CONTINGENCIES

Contingencies

Certain
conditions may