Company: YDDL
Filing Date: 2025-10-09
Form Type: 424B4
Source: 0001213900-25-097758
Chunk: 167

Company: One & one Green Technologies. INC
Filing Date: 2025-10-09
Form: 424B4
Chunk 167
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|-------------:|
| Income tax payable |     | $ |    6,178,134 |     | $ |    4,452,511 |
| VAT                |     |   |    1,555,682 |     |   |      931,251 |
| Total              |     | $ |    7,733,816 |     | $ |    5,383,762 |

Deferred tax assets and liabilities are as follows:

|                           |     |   | December 31, 
         2024 |   |     |   | December 31, 
         2023 |   |
|:--------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Deferred tax assets       |     | $ |      160,672 |   |     | $ |      181,834 |   |
| Deferred tax liabilities  |     |   |      (62,806 | ) |     |   |     (115,466 | ) |
| Less: valuation allowance |     |   |            — |   |     |   |            — |   |
| Total, net                |     | $ |       97,866 |   |     | $ |       66,368 |   |

Deferred tax assets were recognized arising from lease liabilities and net operating losses (NOLs) carryforward. Total lease liabilities of the VIEs in the Philippines were $785,070 and $889,785 as of December31, 2024 and 2023, respectively. As of December31, 2024 and 2023, deferred tax assets from lease liabilities were $157,014 and $181,834. Total NOLs carryforwards of the VIEs in the Philippines were $3,658 and $nil as of December 31, 2024 and 2023, respectively. The NOL can be carried forward for five consecutive taxable years immediately following the year of the loss. Deferred tax liabilities were recognized arising from ROU assets. Total ROU assets of the VIEs in the Philippines were $314,028 and $558,376 as of December 31, 2024 and 2023, respectively. As of December 31, 2024 and 2023, deferred tax liabilities from ROU were $62,806 and $115,466. For the years ended December 31, 2024 and