Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 117

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 117
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05 million, which was primarily attributable to the purchase of equipment for production and office purpose.

For the six months ended June 30, 2024, our net cash used in investing activities was US$0.30 million, which was primarily attributable to the amount of US$0.30 lent to Cetus Sponsor LLC for the payment of extension application fee for business combination between the Company and Cetus Capital.

Financing activities

For the six months ended June 30, 2023, our net cash provided by financing activities was US$0.50 million, consisting primarily of net proceeds of US$0.55 million from bank borrowings.

For the six months ended June 30, 2024, our net cash provided by financing activities was US$1.15 million, consisting primarily of net proceeds of financing sale and leaseback of US$0.69 million and net proceeds of US$0.47 million from related parties.

Capital expenditures

Our capital expenditures are primarily incurred for the purchase of property, equipment and software. Our capital expenditures were US$0.05 million and US$0.002 million for the six months ended June 30, 2023 and 2024, respectively. We intend to fund our future capital expenditures with our existing cash balance and proceeds from this offering. We will continue to incur capital expenditures as needed to meet the expected growth of our business.

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MKD’sTabular Disclosure of Contractual Obligations

The following table sets forth our contractual obligations as of June 30, 2024. The amounts are gross and undiscounted and include contractual interest payments.

|                                     |     | Payment Due by Period 
 Total                 |           |     | Less than 1 year |           |     | 1-3 years |           |     | 3-5 years |         |
|:------------------------------------|:----|:----------------------|----------:|:----|:-----------------|----------:|:----|:----------|----------:|:----|:----------|--------:|
| Bank borrowing                      |     | $                     | 5,616,541 |     |                  | 3,587,719 |     |           | 1,444,848 |     |           | 583,974 |
| Payments of leaseback               |     |                       | 1,115,206 |     |                  |   636,733 |     |           |   478,473 |     |           |