Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 206

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 206
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 unrelated to its consolidated financial condition, results of operations, cash flows or disclosures.

| F-34 |

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

4. ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:

SCHEDULE OF ACCOUNTS RECEIVABLE

|                                 |     | As of December 31, 
 2022               |      2022 |   |     | 2023 |    2023 |   |
|:--------------------------------|:----|:-------------------|----------:|:--|:----|:-----|--------:|:--|
| Accounts receivable             |     | $                  | 1,068,666 |   |     | $    | 601,115 |   |
| Less: allowance for credit loss |     |                    |  (209,868 | ) |     |      | (39,057 | ) |
| Total                           |     | $                  |   858,798 |   |     | $    | 562,058 |   |

The credit loss for accounts receivable were US$ 179,038and nilfor the years ended December 31, 2022 and 2023, respectively. The company reversed niland US$ 165,288of allowance for credit loss due to the collection of accounts receivables for the years ended December 31, 2022 and 2023, respectively. Nocredit loss provision was written off for the years ended December 31, 2022 and 2023, respectively.

5. INVENTORIES, NET

Inventories, net consisted of the following:

SCHEDULE OF INVENTORIES

|                      |     | As of December 31, 
 2022               |     2022 |   |     | 2023 |     2023 |   |
|:---------------------|:----|:-------------------|---------:|:--|:----|:-----|---------:|:--|
| Finished goods       |     | $                  |   16,327 |   |     | $    |  142,183 |   |
| Work in progress     |     |                    |   93,349 |   |     |      |  191,569 |   |
| Raw materials        |     |                    |  432,231 |   |