Company: STRG
Filing Date: 2025-04-29
Form Type: 10-K
Source: 0001640334-25-000716
Chunk: 136

Company: STARGUIDE GROUP, INC.
Filing Date: 2025-04-29
Form: 10-K
Item: Item 1C
Chunk 136
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 unobservable inputs when measuring fair value. ASC 820 describes 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 -quoted prices for similar assets and liabilities in active markets or inputs that are observable  Level 3 -inputs that are unobservable (for example cash flow modeling inputs based on assumptions) Revenue Recognition The Company recognizes revenue in accordance with ASC 606,”Revenue Recognition” following the five steps procedure: Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation The Company’s revenue derives from software product sales, advertising and direct product sales. During year ended January 31, 2025 and 2024, the Company recognized gross revenue of $2,132 and $4,370 and incurred cost of sales of $1,896 and $539, resulting in gross profit of $236 and $3,831, respectively.

 F-9Table of Contents

Plant and Equipment Plant and equipment are stated at cost. Depreciation is computed using the straight-line method. The depreciation and amortization methods are designed to amortize the cost of the assets over their estimated useful lives, in years, of the respective assets as follows: Office Equipment 3 years   Computer Equipment 5 years   Computer Software 7 years Maintenance and repairs are charged to expense as incurred. Improvements of a major nature are capitalized. At the time of retirement or other disposition of plant and equipment, the cost and accumulated depreciation are removed from the accounts and any gains or losses are reflected in income. The long-lived assets of the Company are reviewed for impairment in accordance with ASC 360, “Property, Plant and Equipment,” whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. In the last financial year ended January 31, 202