Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 822

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 4
Chunk 822
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 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 $3,566,393.00 as compared to working capital deficit of $3,153,392 as of December
31, 2023. The increase in working capital deficit was reflected in advanced from related parties for operating use, and the repayment
from the related party. The Company’s net loss of $585,330 and $907,126 for the years ended December 31, 2024 and 2023, respectively.

Cash
Flow from Operating Activities

Net
cash used in operating activities for the year ended December 31, 2024 was $ 352,944 as compared to net cash used in operating activities
of $1,104,350 for the year ended December 31, 2023, reflecting a decrease of $ 431,017 . Such decrease was mainly reflected in lesser
net loss in year 2024 compare to net loss in year 2023.An increase in current, and An increase in current payments.

Net
cash used in investing activities for the year ended December 31 2024, and 2023, was $0 and $0, respectively.

Cash
Flow from Financing Activities

Net
cash generated from financing activities for the year ended December 31, 2024 was $ 535,023 as compared to net cash generated from financing
activities of $938,281 for the year ended