Company: LHI
Filing Date: 2025-05-23
Form Type: F-1
Source: 0001213900-25-046955
Chunk: 292

Company: Living Homeopathy International Ltd.
Filing Date: 2025-05-23
Form: F-1
Chunk 292
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 December 2023, the FASB issued ASU 2023-09,
Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which requires disclosure of incremental income tax information
within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure requirements. ASU 2023-09 is effective
for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company’s management does not believe the
adoption of ASU 2023-09 will have a material impact on its unaudited interim condensed consolidated financial statements and disclosures.

Except for the above-mentioned pronouncements,
there are no new recent issued accounting standards that will have a material impact on the unaudited interim condensed consolidated
balance sheets, statements of (loss) income and comprehensive (loss) income and cash flows.

Note 3 – Inventories, net

Inventories, net, consisted of the following:

|                  |     | As of 
 2024  | September 30, |     | As of 
 2024  | March 31, |
|:-----------------|:----|:------|--------------:|:----|:------|----------:|
| Raw materials    |     | $     |       470,232 |     | $     |   556,402 |
| Finished goods   |     |       |       460,216 |     |       |   548,461 |
| Inventories, net |     | $     |       930,448 |     | $     | 1,104,863 |

For the six months ended September 30, 2024
and 2023, nil impairment for inventories was charged to unaudited interim condensed consolidated statements of (loss) income and comprehensive
(loss) income.

Note 4 – Property and equipment, net

Property and equipment, net, consisted of
the following:

|                                |     | As of 
 2024  | September 30, |   |     | As of 
 2024  |  March 31, |   |
|:-------------------------------|:----|:------|--------------:|:--|:----|:------|-----------:|:--|
| Land and building (note)       |     | $     |             - |   |     | $     |  3,159,396 |   |
| Leasehold improvements