Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 69

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 5
Chunk 69
---
 cost and related accumulated depreciation
of assets disposed of or retired are removed from the accounts, and any resulting gain or loss is reflected in the consolidated statements
of operations.

Intangible
assets

Intangible
assets consist of trademark and customer relationship, which are stated at cost less accumulated amortization less any impairment losses.
Amortization is computed using the straight-line method based on the estimated useful life.

  Intangible          Useful      
  Asset Category      lives       
 ──────────────────────────────────
  Trademark           Indefinite  
  Customer            20          

Impairment
of long-lived assets and intangible assets with definite lives

The
Company reviews long-lived assets including intangible assets with definite lives for impairment whenever events or changes in circumstances
indicate the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison
of the carrying amount of an asset to the future undiscounted net cash flows expected to be generated by the asset. If such assets are
considered to be impaired, the impairment recognized is measured by the amount by which the carrying amount of the assets exceeds the
FV of the assets. No impairment of long-lived assets was recognized for the year ended December 31, 2023, the six months ended June 30,
2024 and the year ended June 30, 2025.

Goodwill

Goodwill
represents the excess of the purchase price over the fair value of the identifiable assets and liabilities acquired in a business combination,
accounted for under ASC 805, Business Combinations.

Goodwill
is not amortized but is tested for impairment annually, or more frequently if events or changes in circumstances indicate potential impairment,
in accordance with ASC 350, Intangibles - Goodwill and Other. The Company has the option to perform a qualitative assessment to determine
whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the qualitative assessment
indicates potential impairment, a quantitative impairment test is required. Otherwise, no further testing is needed. The quantitative
impairment test compares the fair value of each reporting unit determined using valuation techniques, with its carrying amount, including
goodwill. If the carrying amount exceeds the fair value, an impairment charge is recognized for the excess, limited to the goodwill allocated
to the reporting unit. Impairment testing involves significant management judgment, including identifying reporting units, allocating
assets, liabilities, and goodwill