Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 606

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1A
Chunk 606
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 operation of the ZCZX WeChat applications since then.

Costs
and Expenses

Our
cost structure has two components: cost of revenues and operating expenses of $746,012and $1,075,412 for the years ended December 31,
2024 and 2023, respectively.

Cost
of revenues

Cost
of revenues is comprised of short video produce costs, costs of goods sold and sales commission, salaries and related costs.

  ●
  Costs of goods sold and sales commission expenses of $115,964and
$108,720 for the years ended December 31, 2024 and 2023, respectively, which for the e-commerce trading of health and beauty products
in ZCZX WeChat applications.

  ●
  Salaries and related costs of $22,082 and $156,758 for the
years ended December 31, 2024 and 2023, respectively, which are the compensation expenses for technical employees responsible for R&D,
software’s and online database expenses related to ZCZX and LSM WeChat applications.

23

Operating
Expenses

Operating
expenses are generally included during our normal course of business, which we categorize as either sales and marketing expenses and
general & administrative expenses.

  ●
  The main components of our sales and marketing expenses of
$ 123,094 and $112,409 for the years ended December 31, 2024 and 2023, respectively, are:

  a.
  Compensation expenses for employees engaged in sales and marketing;

  ●
  The main components of our general and administrative expenses
of $482,872and $697,525 for the years ended December 31, 2024 and 2023, respectively, are:

  a.
  Compensation expenses for employees in financial, human resources,
and other administrative support functions;

  b.
  Professional services fees, including audit, consulting, outside
legal service.

  c.
  Office expenses, including rent and rate, etc.

Net
Loss

The
net loss of $585,330 for the year ended December 31, 2024 as compared to net loss for the year was $907,126 for the year ended December
31, 2023. Such decrease of net loss mainly derived from the less staffs’ salaries in year 2024.

Liquidity
and Capital Resources

As
of December 31, 2024, we had a working capital deficit of $3,566,