Company: YDDL
Filing Date: 2025-06-09
Form Type: F-1/A
Source: 0001213900-25-052277
Chunk: 64

Company: One & one Green Technologies. INC
Filing Date: 2025-06-09
Form: F-1/A
Chunk 64
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 overhead costs, which are indirect costs associated with the construction. CIP is not depreciated until the asset is placed in service and is both physically and functionally complete. g) Impairment of long -lived assets All long -livedassets, which include tangible long -livedassets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of long -livedassets to be held and used is measured by a comparison of the carrying amount of the asset to the estimated undiscounted future cash flows expected to be generated by the assets. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment loss is recognized for the difference between the carrying amount of the asset and its fair value. For the years ended December 31, 2024 and 2023, the Company did not recognize any impairment loss on long -livedassets. h) Deferred offering cost Deferred offering costs represent legal, accounting, and other direct costs related to the Company’s initial public offering (IPO). These costs are capitalized as incurred and are included in the accompanying balance sheet as Deferred offering costs. As of December 31, 2024 and 2023, the Company recorded $269,752 and $17,838 of deferred offering costs, respectively. Upon completion of the IPO, these deferred offering costs, along with the underwriters’ fees paid, will be reclassified to additional paid -incapital and netted against the IPO proceeds received. If the IPO is not completed, such costs will be expensed. i) Fair value of financial instruments The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, net, other receivables, accounts payable, other payables and due to a related party. The carrying values of these financial instruments’ approximate fair values due to their short maturities.

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Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This note also establishes a fair value hierarchy which requires classification based on observable and unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value:

| Level 1 — |     | Quoted prices in active markets for identical assets or liabilities.                                                                                                                                                                                                                                  |
| Level 2 —