Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 117

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 117
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 from those estimates. On an
ongoing basis, management reviews these estimates and assumptions using the currently available information. Changes in facts and circumstances
may cause the Company to revise its estimates. The Company bases its estimates on past experience and on various other assumptions that
are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.
Estimates are used when accounting for items and matters including but not limited to valuation allowance on deferred tax assets, grant-date
fair value of share-based compensation and other provisions and contingencies.

Cash

Cash
primarily consists of bank deposits, as well as highly liquid investments, with original maturities of three months or less, which are
unrestricted as to withdrawal and use. The Company maintains most of the bank accounts in Hong Kong. Each bank account in Hong Kong is
insured by the government authority with the maximum limit of HK$ 800,000 102,800

Deferred
offering costs

In
the event of offering of equity securities, incremental costs that otherwise would not have been incurred are deferred and capitalized
in the balance sheet as deferred offering costs which will be later deducted against additional paid-in capital upon completion of offering
of equity securities.

Operating
leases

The
Company adopts the Financial Accounting Standard Board (“ FASB”) Accounting Standards Update (“ ASU”) 2016-02, Leases
(Topic 842) for all periods presented. This standard requires lessees to recognize lease assets (“right-of-use”) and
related lease obligations (“lease liabilities”) on the consolidated balance sheet for leases with terms in excess of twelve
months. For lease terms of twelve months or fewer, a lessee is permitted to make an accounting policy election not to recognize lease
assets and liabilities.

The
Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ ROU”)
assets and operating lease liabilities in the consolidated balance sheets. Finance leases are included in finance lease ROU assets and
finance lease liabilities in the consolidated balance sheets.

ROU
assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s
obligation to make lease payments arising from the lease. Operating lease and finance lease ROU assets and liabilities are recognized,
based on the present value of lease payments over the lease term discounted using the rate implicit in the lease. In cases where the
implicit rate is not readily determinable