Company: MKDWW
Filing Date: 2025-02-21
Form Type: F-1/A
Source: 0001493152-25-007784
Chunk: 213

Company: MKDWELL Tech Inc.
Filing Date: 2025-02-21
Form: F-1/A
Chunk 213
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:|:--|:----|:-----|----------:|:--|
| Plant                                           |     | $                  | 2,616,767 |   |     | $    | 2,294,868 |   |
| Land use right                                  |     |                    |   346,081 |   |     |      |   293,199 |   |
| Less: accumulated depreciation and amortization |     |                    |  (278,784 | ) |     |      |  (349,490 | ) |
| Total real estate property for lease, net       |     | $                  | 2,684,064 |   |     | $    | 2,238,577 |   |

The decrease in the balance of real estate property for lease, net attribute to a decrease in leasehold area from 7,777square meters as of December 31, 2022 to 6,780square meters as of December 31, 2023 resulting from the expiration of two lease contracts in 2023.

Depreciation expense of the plant were US$ 116,985and US$ 107,721for the years ended December 31, 2022 and 2023, respectively. Amortization expense of land use right were US$ 6,753and US$ 5,878for the years ended December 31, 2022 and 2023, respectively.

| F-36 |

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

| 9. | REAL                                         
 ESTATE PROPERTIES FOR LEASE, NET - Continued |

As of December 31, 2023, minimum future real estate lease income on non-cancelable leases subsequent to December 31, 2023, in the aggregate and foreach of the five succeeding fiscal years and thereafter, are as follows:

SCHEDULE OF MINIMUM FUTURE REAL ESTATE LEASE INCOME

| For the fiscal years ended December 31, 
 2024                                    
 thereafter                              |     | Amount | 45,190 
      - |
|:----------------------------------------|:----|:-------|-------:|
| Total                                   |     | $      | 45,190 |

10. LEASES

The Company had entered into an operating lease agreement for factories located in Taiwan, and two financing leases agreements for vehicles.

SCHEDULE OF OPERATING AND FINANCE LE