Company: LDDD
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-042963
Chunk: 18

Company: Longduoduo Co Ltd
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
e.g., convertible securities, options and warrants) as if
they had been converted at the beginning of the periods presented, or issuance date, if later. The computation of diluted EPS includes
the estimated impact of the exercise of contracts to purchase common stock using the treasury stock method and the potential shares of
converted common stock associated with the convertible debt using the if-converted method. Potential common shares that have an anti-dilutive
effect (i.e., those that increase earnings per share or decrease loss per share) are excluded from the calculation of diluted EPS. As
of March 31, 2025 and June 30, 2024, the Company was not party to any contract to issue shares.

N. Recently
adopted accounting pronouncements

We do not
believe that any recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the
Company’s consolidated financial position, statements of operations and cash flows.

F-10

LONGDUODUO COMPANY LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED MARCH 31, 2025 AND
MARCH 31, 2024

(UNAUDITED)

NOTE 3. PREPAYMENTS

Prepayments
represent payments in advance to suppliers for expenses, equipment, leasing and products. As of March 31, 2025 and June 30, 2024 prepayments
were $150,176 and $124,427, respectively.

NOTE
4. PROPERTY AND EQUIPMENT

As of March
31, 2025 and June 30, 2024, property and equipment, at cost, consisted of:

    March 31,  
    June 30, 

    2025  
    2024 
  
    Office equipment and furniture 
    $488,888  
    $461,562 
  
    Leasehold improvements 
     69,524  
     40,506 
  
    Total 
     558,412  
     502,068 
  
    Accumulated depreciation 
     258,233  
     148,582 
  
    Total property and equipment, net 
    $300,179  
    $353,486 

The Company recorded depreciation expense of $27,661 for
the three months ended March 31, 2025, of which $25,395