Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 137

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 137
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U assets consistent with the approach applied for its other long-lived assets. The Company reviews
the recoverability of its long-lived assets when events or changes in circumstances occur that indicate that the carrying value of the
asset may not be recoverable. The assessment of possible impairment is based on its ability to recover the carrying value of the asset
from the expected undiscounted future pre-tax cash flows of the related operations. The Company has elected to include the carrying amount
of operating lease liabilities in any tested asset group and includes the associated operating lease payments in the undiscounted future
pre-tax cash flows. For the years ended December 31, 2024, 2023 and 2022, the Company did not recognize impairment loss on its finance
and operating lease ROU assets.

Related
parties

Parties,
which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control
the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also
considered to be related if they are subject to common control or common significant influence.

Recent
accounting pronouncements

The
Company considers the applicability and impact of all accounting standards updates (“ ASUs”). Management periodically reviews
new accounting standards that are issued. Under the Jumpstart Our Business Startups Act of 2012, as amended (the “ JOBS Act”),
the Company meets the definition of an emerging growth company and has elected the extended transition period for complying with new
or revised accounting standards, which delays the adoption of these accounting standards until they would apply to private companies.

New
Accounting Standards That Have Been Adopted:

On
November 27, 2023, the Financial Accounting Standards Board (“ FASB”) issued Accounting Standards Update No. 2023-07, Improvements
to Reportable Segment Disclosures (“ ASU 2023-07”). ASU 2023-07 amends ASC 280, Segment Reporting(“ ASC
280”) to expand segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the
Company’s chief operating decision maker (“ CODM”), the amount and description of other segment items, the title and
position of the CODM, and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment
performance and deciding how to allocate resources. ASU 2023-07 further permits disclosure of more than one measure