Company: MKDWW
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001641172-25-002610
Chunk: 190

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: F-1
Chunk 190
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     |                    |     64,791 |   |     |      |     63,002 |   |
| Office equipment                     |     |                    |     74,411 |   |     |      |     72,262 |   |
| Property, plant and equipment, gross |     |                    |     74,411 |   |     |      |     72,262 |   |
| Less: accumulated depreciation       |     |                    | (1,179,660 | ) |     |      | (2,334,463 | ) |
| Property, plant and equipment, net   |     | $                  |  3,731,403 |   |     | $    |  5,094,545 |   |

For the years ended December 31, 2022, 2023 and 2024, depreciation expenses amounted to US$ 299,611, US$ 348,485 and US$ 459,116, respectively. The disposal gain was US$ 4,991, nil and nil for the years ended December 31, 2022, 2023 and 2024, respectively.

8. INTANGIBLE ASSETS, NET

Intangible assets, net, consisted of the following:

SCHEDULE OF FINITE LIVED INTANGIBLE ASSETS

|                                |     | As of December 31, 
 2023               |     2023 |   |     | 2024 |     2024 |   |
|:-------------------------------|:----|:-------------------|---------:|:--|:----|:-----|---------:|:--|
| Land used right                |     | $                  |  335,263 |   |     | $    |  602,703 |   |
| Software                       |     |                    |  136,300 |   |     |      |  127,280 |   |
| Intangible asset, gross        |     |                    |  136,300 |   |     |      |  127,280 |   |
| Less: accumulated amortization |     |                    | (171,766 | ) |     |      | (206,137 | ) |
| Intangible assets, net         |     | $                  |  299,797 |   |     | $    |  523,846 |   |

For the years ended December 31, 2022, 202