Company: MVNC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008388
Chunk: 6

Company: Marvion Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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648 
  
    Imputed interest expenses on promissory notes payable 
     164,965  
     35,974 
  
    Gain on debt extinguishment 
     (170,000) 
     – 

    Change in operating assets and liabilities: 

    Accounts receivable, net 
     (255,899) 
     (136,498)
  
    Prepaid expenses and other current assets 
     (2,542) 
     (13,597)
  
    Accounts payables 
     26,557  
     (54,025)
  
    Accrued liabilities and other payables 
     14,368  
     471,225 
  
    Operating lease liabilities 
     (138,429) 
     (125,961)
  
    Income tax payable 
     29,701  
     36,045 
  
    Net cash provided by operating activities 
     99,343  
     118,419 

    Cash flows used in investing activities: 

    Purchase of property and equipment 
     (826,413) 
     (707,869)
  
    Net cash used in investing activities 
     (826,413) 
     (707,869)

    Cash flows from financing activities: 

    Advance from a director 
     561,315  
     631,145 
  
    Advance from a shareholder 
     503,094  
     – 
  
    Repayment to a director 
     (149,790) 
     – 
  
    Repayment to a shareholder 
     (125,654) 
     – 
  
    Net cash provided by financing activities 
     788,965  
     631,145 

    Effect of exchange rate on cash and cash equivalents 
     13,543  
     (2,022)
  
    Net change in cash and cash equivalents 
     75,438  
     39,673 
  
    Cash and cash equivalents at beginning of the period 
     322,426  
     120,319 
  
    Cash and cash equivalents at end of the period 
    $397,864  
    $159,992 

    Supplemental disclosure of cash flow information: 

    Cash paid for income taxes 
    $–  
    $– 
  
    Cash paid for interest