Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 306

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 306
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 of management, include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of
the Company’s financial condition, results of operations and cash flows. The results of operations for the three and nine months
ended September 30, 2024 and 2023 are not necessarily indicative of the results to be expected for any other interim period or for the
entire year.

Certain prior period amounts have been reclassified
for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations.

| ● | Principal        
 of Consolidation |

The accompanying unaudited condensed consolidated
financial statements include the unaudited financial statements of ILLR and its subsidiaries. A subsidiary is an entity (including a structured
entity), directly or indirectly, controlled by the Company. The unaudited financial statements of the subsidiaries are prepared for the
same reporting period as the Company, using consistent accounting policies. All intercompany transactions and balances between ILLR and
its subsidiaries are eliminated upon consolidation.

| ● | Use                          
 of Estimates and Assumptions |

The preparation of unaudited condensed consolidated
financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the unaudited condensed consolidated
financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates
reflected in the Company’s unaudited condensed consolidated financial statements include the useful lives of property and equipment,
impairment of long-lived assets, allowance for expected credit losses, notes receivables, promissory notes receivable, share-based compensation,
convertible promissory notes payable, warrant liabilities, provision for contingent liabilities, revenue recognition, income tax provision,
deferred taxes and uncertain tax position, and allocation of expenses from the holding company.

The inputs into the management’s judgments
and estimates consider the geopolitical tension, inflationary and high interest rate environment and other macroeconomic factors on the
Company’s critical and significant accounting estimates. Actual results could differ from these estimates.

| ● | Foreign                              
 Currency Translation and Transaction |

Transactions denominated in currencies other than
the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction.
Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency
using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded