Company: MKDWW
Filing Date: 2025-04-15
Form Type: 424B3
Source: 0001641172-25-004780
Chunk: 169

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-15
Form: 424B3
Chunk 169
---
 | Investment                                                                        
 holding                                                                           |
| MKDWELL (Shanghai) Technology Ltd. (“MKD Shanghai”) |     | August                
 1, 2011               |     | Shanghai,              
 PRC                    |     |                         |  62.36 | % |     | Trading                                                                           
 industrial embedded system and automotive electronics                             |
| MKD Jiaxing                                         |     | January               
 30, 2018              |     | Zhejiang,              
 PRC                    |     |                         |  77.85 | % |     | Trading,                                                                          
 designing and manufacturing industrial embedded system and automotive electronics |
| Cetus Capital                                       |     | June                  
 7, 2022               |     | Delaware               |     |                         |    100 | % |     | Blank                                                                             
 check company                                                                     |

| F-8 |

<div align='center'>MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, except share and per share data)</div>

2. GOING CONCERN

The Company’s consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and liquidation of liabilities during the normal course of operations. The Company incurred net losses of US$1,217,086, US$2,068,061 and US$3,156,995 for the years ended December 31, 2022, 2023 and 2024, respectively. Net cash used in operating activities were US$129,863, US$1,323,385 and $3,112,605for the years ended December 31, 2022, 2023 and 2024, respectively. As of December 31, 2024, the Company’s accumulated deficits were US$13,731,023, with a working capital deficit of US$7,825,925. The Company’s operating results for future periods are subject to numerous uncertainties and it is uncertain if the Company will be able to reduce or eliminate its net losses for the foreseeable future. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

The Company has historically depended on financing from bank, related parties and third-party investors to support its operations. The Company’s future operations are dependent upon equity or debt financing and its ability to generate profits through operations at an indeterminate time in the future. The Company cannot assure that it will be successful in completing an equity or debt financing