Company: CLIK
Filing Date: 2025-04-02
Form Type: 424B4
Source: 0001213900-25-027705
Chunk: 173

Company: Click Holdings Ltd.
Filing Date: 2025-04-02
Form: 424B4
Chunk 173
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 of which the CODM assesses the performance and allocates resources. O. Related parties Parties are considered related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal with if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all significant related party transactions. P. Commitment and contingencies In the normal course of business, the Company is subject to loss contingencies, such as legal proceedings and claims arising out of its business, that cover a wide range of matters, including, among others, government investigations and tax matters. In accordance with ASC 450 -20, “Loss Contingencies”, the Company records accruals for such loss contingencies when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. Q. Recently issued accounting pronouncements In December 2023, the FASB issued ASU 2023 -09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures requiring enhancements and further transparency to certain income tax disclosures, most notably the tax rate reconciliation and income taxes paid. This ASU is effective for fiscal years beginning after December 15, 2024 on a prospective basis and retrospective application is permitted. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on its unaudited condensed CFS. 3. ACCOUNTS RECEIVABLE The Company expects its accounts receivable will be substantially settled within 90 days from the invoice date. Below is an analysis of the movements in the allowance for expected credit losses:

|                                    |     | Six Months Ended 
 June 30,         |  2024 |     |   |  2023 |
|:-----------------------------------|:----|:-----------------|------:|:----|:--|------:|
| Balance at beginning of the period |     | $                | 5,200 |     | $ |     — |
| Additions                          |     |                  | 1,800 |     |   | 5,200 |
| Balance at end of the period