Company: LDDD
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-013782
Chunk: 192

Company: Longduoduo Co Ltd
Filing Date: 2025-02-14
Form: 10-Q
Item: Part II, Item 8
Chunk 192
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 ended June 30, 2023, the Company had net income of $21,085. The Company’s
independent auditor included a going concern emphasis paragraph in its audit report for the years ended June 30, 2023 and June 30, 2022.

Commencing in the last quarter of the fiscal year
ended June 30, 2023, the Company changed its business plan to focus on resale of health care services offered by its contractor. The benefits
of the change were promptly realized. At June 30, 2024, the Company had cash of $1,404,042, working capital of $395,609, and stockholders’
equity of $780,851. For the year ended June 30, 2024, the Company had net income of $1,363,278. As a result of the improved results,
the Company’s independent auditor did not include a going concern emphasis paragraph in its audit report for the year ended June
30, 2024. Although we cannot guarantee that we will continue to achieve profits in our operations, the initial results of the change in
our business plan have reduced our doubts concerning the ability of the Company to continue as a going concern.

B. Basis
of presentation

The accompanying
consolidated financial statements are expressed in U.S. Dollars and have been prepared on the accrual basis of accounting in accordance
with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

C. Principles
of consolidation

The consolidated
financial statements include the accounts of Longduoduo and its subsidiaries. All significant inter-company accounts and transactions
have been eliminated. The consolidated financial statements include 100% of assets, liabilities, and net income or loss of these
subsidiaries.

Longduoduo’s
subsidiaries as of December 31, 2024 are listed as follows:

  Name   Place of
Incorporation   Attributable
equity
interest %   Authorized
capital  Longduoduo Company Limited   Hong Kong     100     HK$ 10,000    Longduoduo Health Technology Company Limited   China     100       0    Inner Mongolia Qingguo Health Consulting Company Limited   China     90       0    Inner Mongolia Rongbin Health Consulting Company Limited   China     80       0    Inner Mongolia Chengheng Health Consulting Company Limited   China     80