Company: LDDD
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-042963
Chunk: 13

Company: Longduoduo Co Ltd
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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7.7793

    7.2221/7.8253

    Revenue and expenses
     
    period weighted average

    7.2085/7.7846

    7.2008/7.8195

F. Concentration of credit risk

The Company
maintains cash in state-owned banks in China. In China, the insurance coverage per account of each bank is RMB500,000 (approximately
USD$69,000). As of March 31, 2025 and June 30, 2024, the Company had $946,617 and $826,853 cash in excess of the insured
amount, respectively.

For each
of the nine months ended March 31, 2025 and 2024, one customer accounted for 99.9% of commission revenue.

For the nine months ended March
31, 2025 and 2024, the Company had three major suppliers that each accounted for over 10% of its total cost of revenue.

    For the Nine Months Ended March 31, 2025  
    For the Nine Months Ended March 31, 2024 

    Cost of revenue  
    Percentage of Cost of revenue  
    Cost of revenue  
    Percentage of Cost of revenue 
  
    Supplier A 
    $5,966  
     7% 
    $29,454  
     21%
  
    Supplier B 
     32,411  
     40% 
     51,302  
     36%
  
    Supplier C 
     28,641  
     35% 
     43,478  
     30%

There are
two suppliers that accounted for 53% and 23% of the accounts payable as of March 31, 2025 and one supplier that accounted for 68% of the
accounts payable as of June 30, 2024.

G. Cash
and cash equivalents

Cash consists
of cash on hand and bank deposits, which are unrestricted as to withdrawal and use. All highly liquid investments with original stated
maturity of three months or less are classified as cash and cash equivalents. Cash equivalents approximate or equal fair value due to
their short-term nature. The Company’s cash and cash equivalents consist of cash on hand and cash in bank as of March 31, 2025 and
June 30, 2024.