Company: LDDD
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-013782
Chunk: 31

Company: Longduoduo Co Ltd
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 in the six months
ended December 31, 2024 was combined with commission revenue (for which there is no cost of revenue), we achieved gross profit of $2,483,510.
However, we realized only a $540,498 income from operations for the six months ended December 31, 2024 because the Company incurred significant
marketing expense in connection with establishing its brand as a new company. The Company will continue to invest heavily in advertising
and promotion expenses in the near future as it continues to establish and expand its brand and products and services.

4

Our operating expenses consist primarily of advertising
and promotion expenses, salaries and benefits, office expenses, professional fees and depreciation and amortization. Our operating expenses
during the six months ended December 31, 2024 decreased by $1,050,447, primarily attributable to:

    ●
    $1,078,436 in advertising and promotion expenses incurred during the six months ended December 31, 2024, compared to $2,032,917 recorded during the six months ended December 31, 2023. The decrease was primarily attributable to a tactical decision by Management to reduce marketing expense while we await an economic recovery that will fund an increase in non-essential medical expenditures. Over the longer term, we intend to continue to devote available resources to expanded advertising and promotion expense for the purpose of achieving a broader market.

    ●
    $289,665 in salaries and benefit expenses in the six months ended December 31, 2024, compared to $353,588 during the six months ended December 31, 2023. The decrease in our labor costs was primarily caused by the company decreasing the number of employees due to adjustments in its operational policies.

    ●
    $336,981 in office expenses during the six months ended December 31, 2024, compared to $427,268 during the six months ended December 31, 2023. The decrease was mainly attributable to the fact that the decline of business has led to a decrease in daily expenses.

Our net income for the six months ended December
31, 2024 was $442,095, compared to a net income of $477,572 for the six months ended December 31, 2023. For the reasons discussed above,
the company return to profitability in the last quarter of 2024, as the government has recently introduced many policies to promote economic
recovery. But it may take some time for the situation to truly