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

Company: Northann Corp.
Filing Date: 2025-07-01
Form: 10-K
Item: Item 12
Chunk 10
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  June 30, 2025Lin Li President, Secretary, and Treasurer (Principal Executive Officer)       /s/ Sunny S. Prasad Interim Chief Financial Officer  June 30, 2025Sunny S. Prasad  (Principal Financial Officer and Interim Principal Accounting Officer)       /s/ Kurtis W. Winn Chief Operating Officer and Director  June 30, 2025Kurtis W. Winn         /s/ Bradley C. Lalonde Director  June 30, 2025Bradley C. Lalonde         /s/ Umesh Patel Director  June 30, 2025Umesh Patel         /s/ Jing Zhang Director  June 30, 2025Jing Zhang    

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INDEX TO FINANCIAL STATEMENTS

Consolidated Financial Statements for the Fiscal Years Ended December 31, 2024 and 2023   Report of Independent Registered Accounting FirmF-2  Consolidated Balance Sheets as of December 31, 2024 and 2023F-3  Consolidated Statements of Income and Comprehensive Income (Loss) for the Years Ended December 31, 2024 and 2023F-4  Consolidated Statements of Stockholders’ Deficit for the years ended December 31, 2024 and 2023F-5  Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023F-6  Notes to Consolidated Financial StatementsF-7

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 

To:The Board of Directors and Stockholders of Northann Corp.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Northann Corp. and its subsidiaries (collectively the “Company”) as of December 31, 2023, and the related consolidated statements of income and comprehensive income (loss), stockholders’ equity (deficit), and cash flows for each of the years in the three-year period ended December 31, 2023, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023, and the results of its operations and its cash flows for the year ended December 31, 2023, in conformity with accounting principles generally