Company: NCL
Filing Date: 2025-07-01
Form Type: 10-K
Source: 0001575872-25-000433
Chunk: 15

Company: Northann Corp.
Filing Date: 2025-07-01
Form: 10-K
Item: Item 12
Chunk 15
---
 per share

			$

			(0.17 

			)

			$

			(0.35

			)

			Weighted average number of shares of common stock outstanding – basic

			26,267,990

			20,278,226

			Weighted average number of shares of common stock outstanding –diluted

			26,267,990

			20,278,226

The accompanying notes are an integral part of these consolidated financial statements.

F-4

NORTHANN CORP.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

(In U.S. dollars)

			Preferred Stock –

			Series A

			Common Stock

			Number of 

			shares*

			Amount

			Number of 

			shares*

			Amount

			Subscription 

			receivable

			Additional 

			paid in 

			capital

			Retained 

			earnings

			Accumulated 

			other 

			comprehensive 

			loss

			Total

			Balance, December 31, 2022

			5,000,000

			5,000

			20,000,000

			20,000

			(25,000

			)

			$

			925,000

			1,818,630

			(769,891

			)

			$

			1,973,739

			Net loss

			-

			-

			-

			-

			-

			(7,132,573

			)

			-

			(7,132,573

			)

			Foreign currency translation adjustment

			-

			-

			-

			-

			-

			-

			-

			(5,950

			)

			(5,950

			)

			Warrants

			-

			-

			-

			-

			-

			-

			-

			Issuance of ordinary shares upon the completion of the IPO

			1,380,000

			1,380

			5,746,016

			5,747,396

			Balance,