Company: MKDWW
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001641172-25-002610
Chunk: 133

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: F-1
Chunk 133
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$3.58 million, consisting primarily of (i) net proceeds from financing sale and leaseback of US$0.86 million, (ii) net proceeds of US$0.68 million from related parties, (iii) net proceeds from convertible notes of US$1.70 million, and (iv) proceeds from reverse recapitalization of US$0.24 million.

For the year ended December 31, 2023, our net cash provided by financing activities was US$3.14 million, consisting primarily of net proceeds of US$1.95 million from bank borrowings, proceeds of US$0.88 million from shareholder contribution, and net proceeds of US$0.28 million from related parties.

For the year ended December 31, 2022, our net cash provided by financing activities was US$0.80 million, consisting primarily of net proceeds of US$0.66 million from bank borrowings and shareholder contribution of US$0.61 million, partially offset by net amount of repayment of US$0.37 million to related parties and repayments of financing sale and leaseback of US$0.16 million.

Capital expenditures

Our capital expenditures are primarily incurred for the purchase of property, equipment and software. Our capital expenditures were US$0.43 million and US$0.75 million and US$0.03 million for the years ended December 31, 2022, 2023 and 2024, respectively. We intend to fund our future capital expenditures with our existing cash balance and proceeds from this offering. We will continue to incur capital expenditures as needed to meet the expected growth of our business.

Tabular Disclosure of Contractual Obligations

The following table sets forth our contractual obligations as of December 31, 2024. The amounts are gross and undiscounted and include contractual interest payments.

|                                           |     | Payment Due by Period 
 Total                 |           |     | Less than 1 year |           |     | 1-3 years |           |     | 3-5 years |   |
|:------------------------------------------|:----|:----------------------|----------:|:----|:-----------------|----------:|:----|:----------|----------:|:----|:----------|:--|
| Bank borrowing                            |     | $                     | 5,586,360 |     |                  | 2,771,498 |     |           | 2,814,862 |     |           | -