Company: STAK
Filing Date: 2025-02-26
Form Type: 424B4
Source: 0001493152-25-008310
Chunk: 180

Company: STAK Inc.
Filing Date: 2025-02-26
Form: 424B4
Chunk 180
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 current assets, net |     | $              | 680,496 |   |     | $ | 366,085 |   |

| (i) | Loans                                                 
 to third parties are used for their capital turnover. |

For the years ended June 30, 2024 and 2023, the Company reversed bad debt expense of $13,390 and $4,552, respectively.

NOTE 6 - PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

|                                |     | As of June 30, |      2024 |   |     |   |      2023 |   |
|:-------------------------------|:----|:---------------|----------:|:--|:----|:--|----------:|:--|
| Machinery and equipment        |     | $              | 3,370,486 |   |     | $ | 3,377,877 |   |
| Transportation equipment       |     |                |    13,898 |   |     |   |    13,929 |   |
| Office equipment               |     |                |    18,929 |   |     |   |     1,607 |   |
| Total                          |     |                | 3,403,313 |   |     |   | 3,393,413 |   |
| Less: accumulated depreciation |     |                |  (820,600 | ) |     |   |  (495,037 | ) |
| Property and equipment, net    |     | $              | 2,582,713 |   |     | $ | 2,898,376 |   |

Depreciation expenses for the years ended June 30, 2024 and 2023 were $328,563 and $322,737, respectively. The Company did not recognize any impairment loss for the years ended June 30, 2024 and 2023.

NOTE 7 - OTHER NON-CURRENT ASSETS

As of June 30, 2024, other non-current assets consisted of prepayment for software usage rights and joint research and development fees, using straight-line method with amortization period of 2.5 years and 3 years, respectively.

| F-15 |

<div align='center'>STAK INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in U.S. dollars, except for number of shares)</div>

NOTE 8 -