Company: MKDWW
Filing Date: 2025-04-15
Form Type: 424B3
Source: 0001641172-25-004780
Chunk: 189

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-15
Form: 424B3
Chunk 189
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OLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, except share and per share data)</div>

9. REAL ESTATE PROPERTIES FOR LEASE, NET

Real estate properties for lease, net consisted of the followings:

SCHEDULE OF REAL ESTATE PROPERTY FOR LEASE

|                                                 |     | As of December 31, 
 2023               |      2023 |   |     | 2024 |    2024 |   |
|:------------------------------------------------|:----|:-------------------|----------:|:--|:----|:-----|--------:|:--|
| Plant                                           |     | $                  | 2,294,868 |   |     | $    |  65,826 |   |
| Land use right                                  |     |                    |   293,199 |   |     |      |   8,410 |   |
| Less: accumulated depreciation and amortization |     |                    |  (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, US$107,721and US$3,180for the years ended December 31, 2022, 2023 and 2024, respectively. Amortization expense of land use right were US$6,753, US$5,878 and US$171 for the years ended December 31,2022, 2023 and 2024, respectively.

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, 
 2025                                    
 2026 and thereafter                     |     | Amount |  6,120 
  5,355 |
|:----------------------------------------|:----|:-------|-------:|
| 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 OPER