Company: NCL
Filing Date: 2025-07-01
Form Type: 10-K
Source: 0001575872-25-000433
Chunk: 102

Company: Northann Corp.
Filing Date: 2025-07-01
Form: 10-K
Item: Item 16
Chunk 102
---
	538,403

			Accrued interest

			9,234  

			444

			Operating leases

			1,734,886

			69,140

			Net cash used in operating activities

			(1,233,491

			)

			(4,678,716

			)

			Cash flows from investing activities

			Payments for construction

			(296,363

			)

			-

			Net cash used in investing activities

			(296,363

			)

			-

			Cash flows from financing activities

			Proceeds from bank borrowings

			726,099

			-

			Payment of  Bank Loan

			(1,704,697

			)

			(1,307,808

			)

			Amount received from secured borrowing arrangement

			-

			599,664

			Payment of secured borrowing arrangement

			(844,900

			)

			-

			Settlement of convertible notes

			(500,000
			
			)

			-

			Amounts received from related party

			1,136,913

			118,883

			Net proceeds from issuance of ordinary shares upon IPO

			-

			5,965,750

			Net cash (used in) provided by financing activities

			(1,186,585

			)

			5,376,489

			Effect of exchange rates on cash

			1,856,389

			152,506

			Net change in cash and restricted cash

			(860,050

			)

			850,279

			Cash and restricted cash at beginning of year 

			1,105,214

			254,935

			Cash and restricted cash at end of year 

			$

			245,164

			$

			1,105,214

			Supplemental of cash flow information

			Cash paid for interest expenses

			$

			246,140

			$

			255,229

			Cash paid for income tax

			$

			120,525

			$

			286,762

The accompanying notes are an integral part of these consolidated financial statements.

F-6

NOTES TO CONSOLID