Company: GRAN
Filing Date: 2025-03-14
Form Type: F-1/A
Source: 0001213900-25-023979
Chunk: 290

Company: Grande Group Ltd/HK
Filing Date: 2025-03-14
Form: F-1/A
Chunk 290
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 applies the quantitative thresholds to determine its reportable segments. The amendments in ASU 2023 -07are effective for years beginning after December 15, 2023 and interim periods within fiscal years beginning after December15, 2024, adopted retrospectively. The Company is currently evaluating the impact of the adoption of this guidance on its unaudited interim condensed consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU 2023 -09— Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023 -09”). This standard requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The ASU is effective for public business entities for annual periods beginning after December 15, 2024. For all other entities, the standard is effective for annual periods beginning after December 15, 2025. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this guidance on its unaudited interim condensed consolidated financial statements and related disclosures. In November 2024, the FASB issued ASU 2024 -03, Income Statement — Reporting Comprehensive Income (Topic 220 -40): Expense Disaggregation Disclosures (“ASU 2024 -03”). This update requires, among other things, more detailed disclosure about types of expenses in commonly presented expense captions such as cost of sales and selling, general, and administrative expenses, and is intended to improve the disclosures about an entity’s expenses including purchases of inventory, employee compensation, depreciation and amortization. ASU 2024 -03is effective for fiscal years beginning after December15, 2026, and interim periods within fiscal years beginning after December15, 2027. The Company is currently evaluating the impact of the adoption of this guidance on its unaudited interim condensed consolidated financial statements and related disclosures. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s unaudited interim condensed consolidated balance sheets, statements of operations and statements of cash flows. NOTE 3 — ACCOUNTS RECEIVABLE, NET Accounts receivable, net consists of the following:

|                                          |     | As of | September 30, 
          2024 |   |     |   | March 31, 
      2024 |   |
|:-----------------------------------------|:----|:------|--------------:|:--|: