Company: LDDD
Filing Date: 2025-09-26
Form Type: 10-K
Source: 0001213900-25-091988
Chunk: 69

Company: Longduoduo Co Ltd
Filing Date: 2025-09-26
Form: 10-K
Item: Item 1
Chunk 69
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 present basic and diluted EPS. Basic EPS is measured as net income (loss) divided by the
weighted average common shares outstanding during the period.

Diluted
EPS is similar to basic EPS but presents the dilutive effect on a per share basis of contracts to issue common shares (e.g., convertible
securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later.
The computation of diluted EPS includes the estimated impact of the exercise of contracts to purchase common stock using the treasury
stock method and the potential shares of converted common stock associated with the convertible debt using the if-converted method. Potential
common shares that have an anti-dilutive effect (i.e., those that increase earnings per share or decrease loss per share) are excluded
from the calculation of diluted EPS. 

On
February 19, 2025, Longduoduo issued 10,020 shares of its common stock to the original shareholders of LDD, in exchange for 100% of the
outstanding shares of LDD.

N.
Recently adopted accounting pronouncements

We
do not believe that any recently issued but not yet effective accounting standards, if currently adopted, would have a material effect
on the Company’s consolidated financial position, statements of operations and cash flows.

NOTE
3. PREPAYMENTS

Prepayments
primarily include prepaid expenses, equipment, leasing and products in advance to suppliers. As of June 30, 2025 and 2024, prepayments
and deferred expenses were $133,610 and $124,427, respectively.

F-12

LONGDUODUO
COMPANY LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

NOTE
4. PROPERTY AND EQUIPMENT

At
June 30, 2025 and 2024, property and equipment, at cost, consisted of:

    June 30,  
    June 30, 

    2025  
    2024 

    Office equipment and furniture 
    $452,187  
    $461,562 
  
    Leasehold improvement 
     70,404  
     40,506 
  
    Total 
     522,591  
     502,068 
  
    Accumulated depreciation 
     242