Company: CHOW
Filing Date: 2025-02-10
Form Type: DRS/A
Source: 0001493152-25-005658
Chunk: 247

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-10
Form: DRS/A
Chunk 247
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212 |     |   | 47.6 |     |            | 36,944,835 |     |                 |  4,736,517 |     |   | 37.6 |
| - Sale of Software and IT Application products with IT Professional Services         |     |                                   | 29,614,446 |     |   | 33.3 |     |            | 47,822,064 |     |                 |  6,131,034 |     |   | 48.7 |
| - Sale of Hardware, software and IT application products with IT Professional        
 Services                                                                             |     |                                   |  5,095,674 |     |   |  5.7 |     |            |          - |     |                 |          - |     |   |    - |
| IT Professional Services                                                             |     |                                   |  3,412,821 |     |   |  3.8 |     |            |  3,233,871 |     |                 |    414,599 |     |   |  3.3 |
| Maintenance and Support Services                                                     |     |                                   |  1,488,923 |     |   |  1.7 |     |            |  2,489,537 |     |                 |    319,172 |     |   |  2.5 |
|                                                                                      |     |                                   | 81,938,076 |     |   | 92.1 |     |            | 90,490,307 |     |                 | 11,601,322 |     |   | 92.1 |
| Total revenues                                                                       |     |                                   | 89,013,224 |     |   |  100 |     |            | 98,293,397 |     |                 | 12,601,718 |     |   |  100 |

* Revenue Recognition for Contracts with Non-Distinct Obligations

Contracts with customers often include a combination of goods (e.g., hardware, software) and services (e.g., IT professional services, integration, maintenance). When the goods and services in a contract are highly interdependent and interrelated, they are treated as a single performance obligation in accordance with ASC 606-10-25-21.

The total transaction price for such contracts
is recognized as revenue at the point in time when control of the combined performance obligation transfers to the customer,