Rich Sparkle Holdings Ltd
For the period ended Sep 30, 2025. Filed Sep 30, 2025.
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Sep 30, 2025 · Filed Sep 30, 2025
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EX-99.3 · Commitments and Contingencies
Commitments and Contingencies
In the normal course of business, we are subject to loss contingencies, such as legal proceedings and claims arising out of our business, that cover a wide range of matters, including, among others, government investigations and tax matters. In accordance with ASC No. 450-20, “Loss Contingencies”, we will record accruals for such loss contingencies when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated.
The following table summarizes our contractual obligations as of March 31, 2025:
| Payments due by period | |||||
|---|---|---|---|---|---|
| Contractual obligations | Total | Less than 1 year | 1 – 3 years | 3 – 5 years | More than 5 years |
| US$ | US$ | US$ | US$ | US$ | |
| Operating lease(1) | $995,648 | $534,842 | $460,806 | $— | $— |
| (1) | We lease offices which are classified as operating leases in accordance with Topic 842. As of March 31, 2025, our future lease payments totalled US$995,648. |
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