Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 196

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 196
---
, 2022 and 2023:

SCHEDULE OF DISAGGREGATION OF REVENUE

| By revenue type                           |     | 2022                
 For the years ended 
 December 31,        
 2022                |           |     | 2023 
 2023 |           |
|:------------------------------------------|:----|:--------------------|----------:|:----|:-----|----------:|
| Sales of manufactured electronic products |     | $                   | 1,543,397 |     | $    | 2,340,440 |
| Commissioned processing service           |     |                     |   866,993 |     |      |   942,626 |
| Rental income                             |     |                     |   357,338 |     |      |   256,642 |
| Others                                    |     |                     |   385,758 |     |      |   131,014 |
| Total                                     |     | $                   | 3,153,486 |     | $    | 3,670,722 |

Contract Balances

When either party to a revenue contract has performed, the Company presents the contract in the consolidated balance sheet as a contract asset or a contract liability, depending on the relationship between the Company’s performance and the customer’s payment. The Company merely incurs costs to obtain a contract with a customer. The Company presents any unconditional rights to consideration separately as a receivable. The Company has no contract assets as of December 31, 2022 and 2023, respectively.

The Company’s contract liabilities primarily relate to unsatisfied performance obligations when payment has been received from customers before the Company’s products are delivered and are recorded as “advance from customers” on the condensed consolidated balance sheets. Advance from customers amounted to US$ 189,193and US$ 304,489as of December 31, 2022 and 2023, respectively. The amount of revenue recognized during the years ended December 31, 2022 and 2023 that was previously included in the contract liabilities balance as of December 31, 2022 and 2023 were US$ 91,467and US$ 44,169, respectively.

| F-31 |

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

| 3. | SUMMARY                                        
 OF SIGNIFICANT ACCOUNTING POLICIES – Continued |

(p) Cost