Company: MVNC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008388
Chunk: 49

Company: Marvion Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 material adverse
effect on our business, financial condition and results of operations.

If we cannot raise additional
funds, we will have to cease business operations. As a result, our common stock investors would lose all of their investment.

 41 

Cash Flows

The following summarizes
the key component of our cash flows for the nine months ended September 30, 2025, and 2024:

    Nine Months Ended September 30, 

    2025  
    2024 
  
    Net cash provided by operating activities 
    $99,343  
    $118,419 
  
    Net cash used in investing activities 
    $(826,413) 
    $(707,869)
  
    Net cash provided by financing activities 
    $788,965  
    $610,321 

Net Cash Provided by
Operating Activities

For the nine months ended
September 30, 2025, net cash provided by operating activities was $99,343, which consisted primarily of net income of $119,876, an increase
in accrued liabilities and other payables of $14,368, an increase in accounts payable of $26,557, an increase in income tax payable of
$29,701 and adjusted for non-cash items of depreciation for property and equipment of $164,547, amortization of right-of-use assets of
$89,524, interest expenses on promissory notes payable of $164,965 and interest expenses on lease liabilities of $56,675, offset by an
increase of account receivables, net of $255,899, an increase in prepaid expenses and other current assets of $2,542, a decrease of operating
lease liabilities of $138,429 and adjusted for non-cash items of gain on debt extinguishment of $170,000.

For the nine months ended
September 30, 2024, net cash provided by operating activities was $118,419, which consisted primarily of an increase in accrued liabilities
and other payables of $471,225 and an increase in income tax payable of $36,045, and adjusted for non-cash items of depreciation for property
and equipment of $55,658, amortization of right-of-use assets of $89,408, interest expenses on promissory notes payable of $35,974 and
interest expenses on operating lease liabilities of $60,648, offset by a net loss of $300,458, a decrease of operating