Company: AGGI
Filing Date: 2025-10-31
Form Type: 10-12G
Source: 0001683168-25-007875
Chunk: 86

Company: Allied Energy, Inc.
Filing Date: 2025-10-31
Form: 10-12G
Chunk 86
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                   |     | $ |  252,941 |     | $ |       31,920 |
| Money market mutual funds       |     |   |   37,956 |     |   |      259,466 |
| Total Cash and cash equivalents |     | $ |  290,897 |     | $ |      291,385 |

| F-23 |

Accounts receivable, net

The Company records accounts receivable at net
realizable value, consisting of the carrying amount less an allowance for credit losses. An estimate for the allowance for credit losses
is discussed below in “Credit Losses on Financial Instruments.” Account balances are charged off against the allowance after
all means of collection have been exhausted and the potential for recovery is considered remote, which is generally when accounts are
more than one year past due.

Credit Losses on Financial Instruments

The Company early adopted ASU 2016-13, Financial
Instruments — Credit Losses effective January 1, 2021. The Company uses the Current Expected Credit Losses (CECL) model to estimate
credit losses on financial assets measured at amortized cost, as well as certain off-balance sheet credit exposures. When similar risk
characteristics exist, the Company assesses collectability and measure expected credit losses on a collective basis for a pool of assets,
whereas if similar risk characteristics do not exist, the Company assesses collectability and measures expected credit losses on an individual
asset basis.

Under the CECL model, the estimation of credit
losses involves significant judgment and estimation uncertainty. Management exercises its judgment based on historical loss experience,
the age of the accounts receivable, current economic conditions, and reasonable and supportable forecasts that may affect the customer’s
ability to pay. Changes in these factors could have a material impact on the estimated credit losses.

Long-lived assets

The Company’s long-lived assets consist primarily of capitalized
application development costs related to its internal-use software platform. Costs incurred during the preliminary project and post-implementation
stages are expensed as incurred, while costs incurred during the application development stage are capitalized in accordance with ASC
350-40, Internal-Use Software.

Capitalized software development costs are recorded at cost and amortized
on a straight-line basis over their estimated useful life of approximately 5 years, commencing when the software is substantially complete
and ready for its intended use. Amortization expense is recorded within operating expenses.

The Company reviews long-lived and intangible assets