Lakeside Holding Ltd
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2024 · Filed Feb 14, 2025
QNME$0.34+5.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
CONDENSSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Six Months Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(3,282,227) | $(243,061) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation – G&A | 50,804 | 35,991 |
| Depreciation – cost of revenue | 36,328 | 36,328 |
| Amortization and interest expense of operating lease assets | 989,003 | 439,142 |
| Depreciation of right-of-use finance assets | 15,480 | 14,385 |
| Provision of allowance for expected credit loss | 1,956 | 49,591 |
| Deferred tax expense | 89,581 | 26,125 |
| Loss from derecognition of shares in subsidiary | — | 73,151 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable – third parties | 424,648 | (479,056) |
| Accounts receivable – related parties | 565,766 | (192,609) |
| Contract assets | 98,118 | (27,169) |
| Inventories, net | (10,328) | — |
| Due from related parties | (241,702) | 40,740 |
| Prepayment, other deposit | (112,620) | (23,269) |
| Accounts payables – third parties | 28,285 | 539,542 |
| Accounts payables – related parties | (156,165) | 241,721 |
| Accrued expense and other payables | 312,722 | 122,547 |
| Operating lease liabilities | (742,649) | (396,263) |
| Net cash (used in) provided by operating activities | (1,933,000) | 257,836 |
| Cash flows from investing activities: | ||
| Purchase of furniture and equipment | (36,072) | — |
| Payment for leasehold improvement | (75,008) | — |
| Net cash payment for asset acquisition | (552,721) | — |
| Loan to a third party | (686,697) | — |
| Payment made for investment in other entity | — | (29,906) |
| Net cash outflow from deconsolidation of a subsidiary (Appendix A) | — | (48,893) |
| Net cash used in investing activities | (1,350,498) | (78,799) |
| Cash flows from financing activities: | ||
| Proceeds from loans | 195,000 | 225,000 |
| Repayment of loans | (339,914) | (185,856) |
| Repayment of equipment and vehicle loans | (55,877) | (59,708) |
| Principal payment of finance lease liabilities | (14,964) | (13,429) |
| Payment for deferring offering cost | — | (140,000) |
| Advances from Hupan Pharmaceutical prior to acquisition | 276,365 | |
| Proceeds from initial public offering, net of share issuance costs | 5,351,281 | — |
| Advanced to related parties | (311,185) | — |
| Proceeds from shareholders | — | 158,455 |
| Repayment to shareholders | (805,345) | — |
| Net cash provided by (used in) financing activities | 4,295,361 | (15,538) |
| Effect of exchange rate changes on cash | (11,999) | 3,216 |
| Net increase in cash | 999,864 | 166,715 |
| Cash, beginning of the period | 123,550 | 174,018 |
| Cash, end of the period | $1,123,414 | $340,733 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Cash paid for income tax | $— | $— |
| Cash paid for interest | $45,953 | $15,503 |
| SUPPLEMENTAL SCHEDULE OF NON-CASH IN INVESTING AND FINANCING ACTIVITIES | ||
| Deferred offering costs within due to shareholders | $— | $500,826 |
| Deferred offering costs within accrued expense and other payables | $— | $241,176 |
| Additions to property and equipment included in loan payable | $102,235 | — |
| Additions to leasehold improvement and furniture and fixture through account payable | $42,803 | $— |
| Settlement of due to shareholder and advance to related party | $311,185 | $— |
| NON-CASH ACTIVITIES | ||
| Right of use assets obtained in exchange for operating lease obligations | $1,445,498 | $— |
| Right of use assets obtained in exchange for finance lease obligation | $89,003 | $19,982 |
| APPENDIX A – Net cash outflow from deconsolidation of a subsidiary | ||
| Working capital, net | $29,812 | |
| Investment in other entity recognized | (15,741) | |
| Elimination of NCl at deconsolidation of a subsidiary | 10,187 | |
| Loss from deconsolidation of a subsidiary | (73,151) | |
| Cash | $(48,893) | |
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