Company: CHOW
Filing Date: 2025-02-10
Form Type: DRS/A
Source: 0001493152-25-005658
Chunk: 92

Company: ChowChow Cloud International Holdings Ltd
Filing Date: 2025-02-10
Form: DRS/A
Chunk 92
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064 |     |     |  6,131,034 |     |   |  48.7 |     |        |  44.2 |   |
| - Sale of Hardware, software and IT application products with IT Professional        
 Services                                                                             |     |                           |  5,095,674 |     |   |   5.7 |     |      |          - |     |     |          - |     |   |     - |     |        |  (100 | ) |
| IT Professional Services                                                             |     |                           |  3,412,821 |     |   |   3.8 |     |      |  3,233,871 |     |     |    414,599 |     |   |   3.3 |     |        |  (5.2 | ) |
| Maintenance and Support Services                                                     |     |                           |  1,488,923 |     |   |   1.7 |     |      |  2,489,537 |     |     |    319,172 |     |   |   2.5 |     |        |  67.2 |   |
|                                                                                      |     |                           | 81,938,076 |     |   |  92.1 |     |      | 90,490,307 |     |     | 11,601,322 |     |   |  92.1 |     |        |  12.6 |   |
| Total revenues                                                                       |     |                           | 89,013,224 |     |   | 100.0 |     |      | 98,293,397 |     |     | 12,601,718 |     |   | 100.0 |     |        |  10.4 |   |

*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, typically upon customer acceptance. Given the integrated nature of