Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 121

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 121
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 decisions about allocating resources and assessing
performance of the Company.

As
described in Note 5, in September 2023, the Board resolved on the plan to streamline its medical services practice, which business was
carried through subsidiaries of KRHSG, EUDA PL, ZKTV PL, SEMA, ED PL, KR Hill PL, ZKT PL, KR Digital, and Zukihealth, as the Company
is in the process of transitioning its business to other medical service fields. The streamlining of the Company’s medical services
practice was accounted for as a discontinued operation because it represented a strategic shift that had a major effect on the Company’s
consolidated financial statements in accordance with ASC 205-20-45.

On
May 6, 2024, the Company has acquired 100% equity interest in Fortress
Cove and its subsidiary CK health, which business operation is holistic wellness consumer products and services in Malaysia. Upon the
completion of the streamlining of its medical service practice and acquisition of Fortress Cove and its subsidiary, the Company reorganized
its business to become two reportable segments: property management services, and holistic wellness consumer products and services. The
structure of these segments reflect the financial information and reports used by the Company’s management, specifically its Chief
Operating Decision Maker (“ CODM”), to make decisions regarding the Company’s business, including resource allocations
and performance assessments. All assets and continuing operations of the Company are physically located or domiciled in Singapore and
Malaysia.

Acquisitions
of assets

The
Company applies the definition of a business in ASC 805, Business Combinations, to determine whether it is acquiring a business or a
group of assets. When an acquired group of assets does not constitute a business, the transaction is accounted for as an asset acquisition.
The cost of assets acquired and liabilities assumed in asset acquisitions is allocated based upon relative fair value. In the event that
the cost of the asset acquisition exceed the fair value of the individual assets acquired and liabilities assumed, any excess cost over
fair value should generally be allocated to the acquired assets on a relative fair value basis. This may result in certain assets being
recognized in excess of their fair values, as measured in accordance with ASC 820.

Cash

Cash
represents cash on hand and demand deposits placed with banks or other financial institutions which are unrestricted as to withdrawal
or use and have original maturities less than three months.

Accounts
receivable, net

Accounts
receivable