Company: YDDL
Filing Date: 2025-08-22
Form Type: F-1/A
Source: 0001213900-25-079833
Chunk: 156

Company: One & one Green Technologies. INC
Filing Date: 2025-08-22
Form: F-1/A
Chunk 156
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 the accounts receivable, current economic conditions, and reasonable and supportable forecasts that may affect the customer’s ability to pay. Changes in these factors could have a material impact on the estimated credit losses. h)Inventories, net Inventories are stated at the lower of cost or net realizable value, with net realized value represented by estimated selling prices in the ordinary course of business, less reasonably predictable costs of disposal and transportation. Cost of inventory is determined using the weighted average cost method. No inventory write -downwas recorded for the years ended December 31, 2024 and 2023. i)Property, plant and equipment, net The Company’s property, plant and equipment are recorded at cost less accumulated depreciation and impairment loss, if any. Depreciation is calculated on the straight -linemethod after taking into account their respective estimated residual values over the following estimated useful lives:

| Category                    |     | Useful life |
| Land                        |     | Indefinite  |
| Real property and buildings |     | 20 years    |
| Vehicle                     |     | 5 years     |
| Machinery and equipment     |     | 10 years    |

When property, plant and equipment are retired or otherwise disposed of, resulting gain or loss is included in net income in the period of disposition. Expenditures for repairs and maintenance are expensed as incurred, whereas the costs of betterments that extend the useful life of property, plant and equipment are capitalized as additions to the related assets. Gain or loss on disposal of property, plant and equipment, if any, is recognized in the consolidated statements of income and comprehensive income as the difference between the net sales proceeds and the carrying amount of the underlying asset.

F-9

ONE AND ONE GREEN TECHNOLOGIES. INC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 2.Summary of Significant Accounting Policies (cont.) The Company recognizes construction in progress (“CIP”) at cost, which includes all expenditures directly attributable to the construction or acquisition of the related property, plant, and equipment. These costs may include materials, labor, and applicable overhead costs, which are indirect costs associated with the construction. CIP is not depreciated until the asset is placed in service and is both physically and functionally complete. j)Impairment of long-lived assets All long -livedassets, which include tangible long -livedassets and right -of-useassets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not