Company: NCL
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001575872-25-000540
Chunk: 72

Company: Northann Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1F
Chunk 72
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165 Accrued compensation expense  (2,110,500)  (2,927,250)Retained earnings (accumulated deficit)  (14,586,105)  (9,693,818)Accumulated other comprehensive income (loss)  2,363,564   1,047,612 Total Stockholders’ Equity (Deficit)  4,379,738   2,599,173 Total Liabilities and Stockholders’ Deficit  16,502,926   13,875,685  * Retrospectively restated for the effect of 2-for-1 reverse stock split. (Note 16)  F-19 Condensed Financial Information on Results of Operations  For thesixmonthsendedJune 30,  For thesixmonthsendedJune 30,   2025  2024   (Unaudited) Revenue  -   - Cost or revenues  -   - Operating expenses  1,050,859   1,598,981 Income taxes  -   933 Income (loss) – Parent only  (1,050,859)  (1,599,915)Income (loss) – Subsidiaries with unrestricted net assets  (3,719,877)  622,163 (Loss) – Subsidiaries with restricted net assets  (121,551)  290 Net (loss) income – Consolidated  (4,892,287)  937,462   Condensed Financial Information on Cash Flows  For thesixmonthsendedJune 30,  For thesixmonthsendedJune 30,   2025  2024   (Unaudited) Cash (used in) provided by operating activities  (1,050,859)  (251)Cash (used in) provided by investing activities  -   - Cash (used in) provided by financing activities  1,051,359   - Effect of exchange rates on cash  -   - Net cash flows  500   (251)Beginning cash balance  -   370 Ending cash balance  500   119  (i)Basis of presentation The condensed financial information reflects the accounts of the Company. The