Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 551

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 7
Chunk 551
---
  
    June 30, 2024 
  
    Assets 

    Operating lease right of use assets 
    $32,906  
    $50,070 
  
    Liabilities 

    Operating lease liabilities – current 
    $18,570  
    $17,618 
  
    Operating lease liabilities – non-current 
     -  
     18,314 
  
    Total Operating lease liabilities 
    $18,570  
    $35,932 

Other
information related to leases is presented below:

     For the year ended June 30,      2025   2024   Cash Paid for Amounts Included in Measurement of Liabilities:          Operating cash flows used in operating leases  $18,990   $14,250   Weighted Average Remaining Lease Term:            Operating leases   1.75 years    2.75 years   Weighted Average Discount Rate            Operating leases   3.95%   3.95% 

As
most of the Company’s leases do not provide an implicit rate, the Company uses 1-5 years borrowing rate from bank of 3.95%
based on the information available at commencement date in determining the present value of lease payments.

Maturities
of lease liabilities are as follows:

    For the year ending June 30: 

    2026 
    $19,115 
  
    Total lease payments 
     19,115 
  
    Less: imputed interest 
     (545)
  
    Total lease liabilities 
    $18,570 

F-15

LONGDUODUO
COMPANY LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE YEARS ENDED JUNE 30, 2025 AND JUNE 30, 2024

NOTE
8. CONTINGENCIES

Contingencies

Certain
conditions may exist as of the date the consolidated financial statements are issued which may result in a loss to the Company but which
will only be resolved when one or more future events occur or fail to occur. The Company’s management and legal counsel assess
such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related
to legal proceedings that are pending against the Company or unasserted claims that