Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 163

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 19
Chunk 163
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 349,490                ( 13,328  
  Total real estate property for lease, net            $                       2,238,577      $           60,908  

Depreciation
expense of the plant were US$ 116,985 107,721 3,180 6,753 5,878 171

As
of December 31, 2024, minimum future real estate lease income on non-cancelable leases subsequent to December 31, 2024, in the aggregate
and foreach of the five succeeding fiscal years and thereafter, are as follows:

SCHEDULE OF MINIMUM FUTURE REAL ESTATE LEASE INCOME

  For the fiscal years ended December 31,      Amount              
  2026 and thereafter                                       5,355  
 ───────────────────────────────────────────────────────────────────
  2025                                                      6,120  
  Total                                        $           11,475  

10. LEASES

The
Company had entered into an operating lease agreement for factories located in Taiwan, and two financing leases agreements for vehicles.

SCHEDULE OF OPERATING AND FINANCE LEASE RIGHT-OF-USE ASSETS

                                                2023                                 2024              
                                                As of December 31,                                     
                                                2023                                 2024              
  Operating lease right-of-use assets, net      $                       125,009      $         59,680  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────
  Operating lease liabilities, current                                   61,099                59,680  
  Operating lease liabilities, non-current                               63,910                     -  
  Total operating lease liabilities             $                       125,009      $         59,680  

                                                2023                               2024  
                                                As of December 31,                       
                                                2023                               2024  
  Financing lease right-of-use assets, net      $                       8,523      $     
 ─────────────────────────────────────────────────────────────────────────────────────────

MKDWELL
TECH INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

(In
U. S. dollars, except share and per share data)

  10.      LEASES       
           - Continued  
 ────────────────────────

The
components of lease expense were as follows within the consolidated statements of comprehensive loss:

SCHEDULE OF LEASE EXPENSE

                                      2022                                              2023