Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 380

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 4
Chunk 380
---
N.
Recently adopted accounting pronouncements

We
do not believe that any recently issued but not yet effective accounting standards, if currently adopted, would have a material effect
on the Company’s consolidated financial position, statements of operations and cash flows.

NOTE
3. PREPAYMENTS

Prepayments
primarily include prepaid expenses, equipment, leasing and products in advance to suppliers. As of June 30, 2025 and 2024, prepayments
and deferred expenses were $133,610 and $124,427, respectively.

F-12

LONGDUODUO
COMPANY LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

NOTE
4. PROPERTY AND EQUIPMENT

At
June 30, 2025 and 2024, property and equipment, at cost, consisted of:

    June 30,  
    June 30, 

    2025  
    2024 

    Office equipment and furniture 
    $452,187  
    $461,562 
  
    Leasehold improvement 
     70,404  
     40,506 
  
    Total 
     522,591  
     502,068 
  
    Accumulated depreciation 
     242,588  
     148,582 
  
    Total property and equipment, net 
    $280,003  
    $353,486 

The
Company recorded depreciation expense of $137,290 for the year ended June 30, 2025, of which $127,864 was recorded
as operating expense and $9,426 was recorded as cost of revenue.

The
Company recorded depreciation expense of $102,032 for the year ended June 30, 2024, of which $92,492 was recorded
as operating expense and $9,540 was recorded as cost of revenue.

The
Company disposed of fully depreciated assets with a total value of $46,271 for the year ended June 30, 2025.

NOTE
5. RELATED PARTY TRANSACTIONS

Due
to related parties

Due
to related parties consists of the following:

    Name of related party 
    June 30, 2025  
    June 30, 2024 
  
    Zhang Li