Company: NCL
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001575872-25-000540
Chunk: 74

Company: Northann Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1F
Chunk 74
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,808)  (53.6)%  900,627   23.2%Operating expenses            Selling expenses  517,588   30.3%  187,062   4.8%General and administrative expenses  506,319   29.7%  1,461,225   37.6%Research and development expenses  256,176   15.0%  419,588   10.8%(Loss) Income from operations  (2,193,891)  (128.6)%  (1,167,248)  (30.0)%Other Income (expenses)            Interest income  11   -%  -   -Interest expense  (67,678)  (4.0)%  (77,696)  (2.0)%Other expenses  -   -    250,248   6.4%Net (loss) income before taxes  (2,261,558)  (132.6)%  (994,696)  (25.6)%Income tax benefit (expenses)  -   0.0%  (2,799)  (0.1)%Net (loss) income  (2,261,558)  (132.6)%  (997,495)  (25.7)%Other comprehensive loss            Foreign currency translation adjustment  1,522,347   89.2%  92,549   2.4%Total comprehensive income  (739,211)  (43.4)%  (902,147)  (23.3)%

Revenues. Our revenues were $1,706,211 for the three months ended June 30, 2025, representing a decrease of 2,182,672 or 56.1% from $3,888,893 for the three months ended June 30, 2024. The decrease was mainly due to decrease in customer demand and our sales volume in the three months ended June 30, 2025 as compared to the same period in 2024. 

Cost of revenues. Our cost of revenues was $2,620,029 for the three months ended June 30, 2025, compared to $2,