Company: LDDD
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-013782
Chunk: 207

Company: Longduoduo Co Ltd
Filing Date: 2025-02-14
Form: 10-Q
Item: Part II, Item 8
Chunk 207
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-CONTROLLING INTERESTS

Qingguo,
Chengheng, Rongbin and Tianju are the Company’s majority-owned subsidiaries which are consolidated in the Company’s financial
statements with non-controlling interests recognized. The Company holds 90%, 80%, 80% and 51% interest of Qingguo,
Chengheng, Rongbin and Tianju as of December 31, 2024, respectively.

As of December
31, 2024 and June 30, 2024, the non-controlling interests in the consolidated balance sheet was $117,605 and 78,336, respectively.

For the
three months ended December 31, 2024, the comprehensive income attributable to common stockholders and non-controlling interests were
$400,847 and $38,695, respectively. For the six months ended December 31, 2024, the comprehensive income attributable to common stockholders
and non-controlling interests were $387,758 and $39,269, respectively.

For the
three months ended December 31, 2023, the comprehensive income attributable to common stockholders and non-controlling interests were
$155,466 and $33,865, respectively. For the six months ended December 31, 2023, the comprehensive income attributable to common stockholders
and non-controlling interests were $438,466 and $44,463, respectively.

NOTE
12. SUBSEQUENT EVENTS

Management
has evaluated subsequent events through the date which the consolidated financial statements were available to be issued. There are no
subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.”

F-15

Item 2. Management’s Discussion and Analysis
of Financial Condition and Results of Operations

The following discussion and analysis of our financial
condition and results of operations are based upon our condensed consolidated financial statements and the notes thereto included elsewhere
in this Quarterly Report on Form 10-Q, which have been prepared in accordance with accounting principles generally accepted in the United
States. The preparation of such financial statements requires us to make estimates and judgments that affect the reported amounts of assets,
liabilities, revenues, and expenses. On an ongoing basis, we evaluate these estimates, including those related to useful lives of real
estate assets, bad debts, impairment, contingencies and litigation. We base our estimates on historical experience and on various other
assumptions that are believed to be reasonable