Company: LDDD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-108744
Chunk: 22

Company: Longduoduo Co Ltd
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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,394 for the three months ended September 30, 2025 and 2024, respectively.

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

    September 30, 2025  
    June 30, 2025 
  
    Assets 

    Operating lease right of use assets 
    $94,012  
    $32,906 
  
    Liabilities 

    Operating lease liabilities – current 
    $41,293  
    $18,570 
  
    Operating lease liabilities – non-current 
     23,203  
     - 
  
    Total Operating lease liabilities 
    $64,496  
    $18,570 

F-14

LONGDUODUO COMPANY LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025
AND 2024

(UNAUDITED)

As most of the Company’s leases do not provide
an implicit rate, the Company uses the 1-5 years borrowing rates from its bank, i.e. 3.5% and 3.95%, based on the information
available at the commencement date in determining the present value of lease payments.

Maturities of lease liabilities are as follows:

    For the years ending September 30: 

    2026 
    $43,116 
  
    2027 
     23,876 
  
    Total lease payments 
     66,992 
  
    Less: imputed interest 
     (2,496)
  
    Total lease liabilities 
    $64,496 

NOTE 8. CONTINGENCIES

Contingencies

Certain
conditions may exist as of the date the consolidated financial statements are issued which may result in a loss to the Company but which
will only be resolved when one or more future events occur or fail to occur. The Company’s management and legal counsel assess such
contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal
proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel
evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought
or expected to be sought.

If the assessment
of a contingency indicates that