Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 127

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 127
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 warrant modification and no incremental fair value was
recognized.

EUDA
HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

(In
U. S. dollars, unless stated otherwise)

Forward
Purchase Receivables and Prepaid Forward Purchase Liabilities

The
forward purchase receivable balance was $ 0 2.50

In
connection with the forward purchase agreement, the Company recognized a liability in accordance with ASC 480-10-25-8, as the Company
is obligated to settle the Maturity Consideration in cash. This liability, referred to as the prepaid forward purchase liability, was
recorded on the Company’s consolidated balance sheets at $ 0

Revenue
recognition

The
Company follows the revenue accounting requirements of Accounting Standards Update (“ ASU”) No. 2014-09, Revenue from Contracts
with Customers (Topic 606) (“ Accounting Standards Codification (“ ASC”) 606”). The core principle underlying the
revenue recognition of this ASU allows the Company to recognize - revenue that represents the transfer of goods and services to customers
in an amount that reflects the consideration to which the Company expects to be entitled in such exchange. This will require the Company
to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based
on when control of goods and services transfers to a customer.

To
achieve that core principle, the Company applies five-step model to recognize revenue from customer contracts. The five-step model requires
that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine
the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not
occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when
(or as) the Company satisfies the performance obligation.

The
Company accounts for a contract with a customer when the contract is committed in writing, the rights of the parties, including payment
terms, are identified, the contract has commercial substance and collectability is probable.

Revenue
recognition policies for the revenue stream is as follows:

Property
Management Services

-
Performance obligation satisfied over a period of time

The
Company provides property management services in shopping malls, business office building, or residential apartments to all tenants and
property owners. Property management services include common area