Company: NCL
Filing Date: 2025-07-02
Form Type: 10-K/A
Source: 0001575872-25-000444
Chunk: 15

Company: Northann Corp.
Filing Date: 2025-07-02
Form: 10-K/A
Chunk 15
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 (4,379,875 | ) |     |               |           |   |     |       | (4,379,875 | ) |
| Issuance of common stock                                  |     |                   |           |     |        |       |     |              | 34,084,000 |     |        | 34,084 |     |              | (1,350,000 | ) |     |            |  8,816,149 |   |     |          |            |   |     |               |           |   |     |       |  7,500,233 |   |
| Accruedcompensation expense                               |     |                   |           |     |        |       |     |              |            |     |        |        |     |              |            |   |     |            | (2,927,250 | ) |     |          |            |   |     |               |           |   |     |       | (2,927,250 | ) |
| Foreign currency translation adjustment                   |     |                   |           |     |        |       |     |              |            |     |        |        |     |              |            |   |     |            |            |   |     |          |            |   |     |               | 1,823,453 |   |     |       |  1,823,453 |   |
| Balance, December 31, 2024                                |     |                   | 5,000,000 |     |        | 5,000 |     |              | 55,464,000 |     |        | 55,464 |     |              | (1,375,000 | ) |     |            | 12,559,915 |   |     |          | (9,693,818 | ) |     |               | 1,047,612 |   |     |       |  2,599,173 |   |

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.</div>

| * | Retrospectively restated for the effect of2-for-1reverse stock split.(Note 18) |

| F-6 |

<div align='center'>NORTHANN CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 202 4 AND 202 3

(In U.S. dollars)</