Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 167

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 19
Chunk 167
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  (5)      The                                                                                                                                                                                                   
  (6)      The                                                                                                                                                                                                   

13. OTHER NON-CURRENT LIABILITIES

Other
non-current liabilities consisted of the following:

SCHEDULE
OF OTHER NON-CURRENT LIABILITIES

                                           As of December 31,                                      
                                           2023                                 2024               
 ───────────────────────────────────────────────────────────────────────────────────────────────────
  Long-term payments of leaseback (1)      $                       195,219      $         270,412  
  Deposit                                                           78,631                 36,354  
  Total                                    $                       273,850      $         306,766  

  (1)      Long-term                                                                                                                           

As
of December 31, 2024, the payments of leaseback will be due according to the following schedule:

SCHEDULE
OF PAYMENTS OF LEASEBACK

  For the fiscal years ended December 31,                    Amount                 
  2025                                                       $           1,242,154  
  Total payments of leaseback and vehicle mortgage loan      $           1,512,566  
 ────────────────────────────────────────────────────────────────────────────────────
  2026                                                                     270,412  
  2027 and thereafter                                                            -  

MKDWELL
TECH INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

14. CONVERTIBLE NOTE

On
July 24, 2024, the Company entered into a securities purchase agreement with an investor, pursuant to which the investor agreed to purchase
from the Company a convertible promissory note in the aggregate principal amount of RMB 35,000,000 4.8 35,000,000 35,000,000

On
November 26, 2024, the Company entered into a securities purchase agreement (the “ November 2024 SPA”) with Streeterville
Capital, LLC, a Utah limited liability company (the “ Investor”), pursuant to which the Company issued to the Investor (i)
an unsecured convertible note (“ Convertible Note”), in the principal amount of $ 1,851,000 7 151,000 1,800,000 0.0001 0.178

In
addition, the
Company may prepay all or a portion of the Convertible Note at any time by paying 110% of the