Company: ZDAN
Filing Date: 2025-06-30
Form Type: F-1
Source: 0001683168-25-004840
Chunk: 149

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-06-30
Form: F-1
Chunk 149
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,554 |     |   |   492,886 |     |          | (10,332 | ) |     |     | (2%     | ) |
| Property management fee                   |     |                                  |    47,706 |     |   |    42,742 |     |          |   4,964 |   |     |     | 12%     |   |
| Communication expense                     |     |                                  |     2,384 |     |   |     2,505 |     |          |    (121 | ) |     |     | (5%     | ) |
| Total General and administrative expenses |     | $                                | 1,260,104 |     | $ | 1,282,391 |     | $        | (22,287 | ) |     |     | (2%     | ) |

General and administrative
(“G&A”) expenses decreased by $22,287 or 2%, to $1,260,104 for the fiscal year ended September 30, 2024 as compared to
$1,282,391 for the fiscal year ended September 30, 2023. The decrease was primarily due to the decrease of provision for credit loss,
and professional services.

| 84 |

Research and development expenses

Our research and development
(R&D) expenses were $47,909 and $124,100 for the fiscal years ended September 30, 2024 and 2023, respectively. Our R&D expenses
are all costs associated with the research and development of our potential new software or service offerings, as well as improvements
in existing software. These costs, which primarily include salaries, contract services and supplies, are expensed as incurred on an ongoing
basis. There were no material changes in our R&D expenses on a year-over-year basis.

Other income (expenses)

Other income was $440,299
and $581,146 for the fiscal years ended September 30, 2024 and 2023, respectively, which consisted primarily of VAT refund received for
sales of software.

Provision for income tax

For the fiscal years ended
September 30, 2024 and 2023, we made a current income tax provision of $235,195 and $277,576, respectively. For the fiscal years ended
September 30, 2024 and 2023, we recorded a deferred tax credit of $7,841 and $19,708,