Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 153

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 153
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 amortization                        ( 315,956                        ( 1,238,821  
  Total                               $                 1,546,565      $                     529,645  

Amortization expenses for the years ended December
31, 2024, 2023 and 2022 was $144,090, $324,405, and $314,413, respectively. Impairment loss on intangible assets for the years ended December
31, 2024, 2023 and 2022 was $356,676, nil, and nil, respectively.

The future amortization is as follows:

  Twelve Months Ending December 31,      Estimated                    
                                         Amortization                 
                                         Expense                      
 ──────────────────────────────────────────────────────────────────────
                               2025      $                   316,684  
                               2026                          316,684  
                               2027                          309,754  
                               2028                          303,443  
                               2029                          300,000  
                              Total      $                 1,546,565  

F-24

ORIENTAL
CULTURE HOLDING LTD. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 10 - Other payables and accrued
liabilities

Other payables and accrued liabilities consist
of the following:

                                   December 31,                   December 31,               
  Security deposits payable*       $                 153,043      $                 155,327  
  Salary payable                                      94,463                        93,372   
  Rent deposit                                        50,903                        -        
  Transaction costs payable**                        300,000                        -        
  Others                                              17,931                        27,715   
  Total                            $                 616,340      $                 276,414  

  The Company signed cooperation agreements with third parties to co-develop a niche market for its online platforms. The Company provides its platforms and users to promote products provided by ...  
  Pursuant to the financing consultant agreement signed in April 2024 between the Company and China Stamp Trading Center Co., Ltd (“ China Stamp”), the Company would pay $ 300,000 in cash and iss...  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

Note 11 - Taxes

Cayman Islands

Under the current laws of the Cayman Islands,
the Company is