Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 51

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 5
Chunk 51
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 activities from continuing operations                                                         2,068,111                 2,724,383                 1,008,144  
  Net cash (used in) provided by financing activities from discontinued operations                                               256,088                  (371,888                 1,480,803  
  Effect of exchange rate changes                                                                                               (101,655                   (21,531                   (99,424  
  Net change in cash and cash equivalents                                               $                                         40,051      $           (586,931      $            594,489  

Principal
demands for liquidity are for working capital and general corporate purposes.

Operating
Activities

Net
cash used in operating activities was approximately $2.0 million for the year ended December 31, 2024 and was primarily attributable
to (i) approximately $17.6 million in net loss from continuing operations as discussed above, (ii) approximately $0.1 million
increase in inventories as we increase our inventory level to meet the demand of our wellness consumer product, (iii) approximately
$0.1 million of operating lease payment to reduce operating lease liabilities, and (iv) (iii) approximately $0.2 million decrease in
other payable and accrued liabilities as we settled some of the previous accrued expense balance in current period, offset by (i)
various non-cash items which included approximately $0.2 million of depreciation expense and amortization expense, approximately
$14.8 million impairment loss on long-lived assets, approximately $45,000 of provision for credit losses and approximately $0.4
million loss on debt settlement, (ii) approximately $0.1 million decrease in accounts receivable due to more collection, (iii)
approximately $0.5 million increase in customer deposit as we collect deposit from our customer related to our licensing service of
bioenergy cabin, (iv) approximately $69,000 decreased in prepaid expense and other current assets, due to utilization of previous
prepaid expenses during the current period, and (v) approximately $63,000 increase in tax payable, due to higher GST tax liabilities
incurred during the period.

  34  

Net
cash used in operating activities was approximately $2.9 million for the year ended December 31, 2023 and was primarily attributable
to (i) approximately $8.4 million in net loss from continuing operations as discussed above, and (ii) approximately $34,000 increase
in accounts receivable due to less collections, and