Company: NCL
Filing Date: 2025-07-01
Form Type: 10-K
Source: 0001575872-25-000433
Chunk: 58

Company: Northann Corp.
Filing Date: 2025-07-01
Form: 10-K
Item: Item 13
Chunk 58
---
,645,488 Prepayments  490,948   311,402 Other receivables and other current assets  74,984    127,313 Total current assets  5,913,268   6,804,875          NON-CURRENT ASSETS        Property, plant and equipment, net  3,894,434    4,724,105 Construction in progress  1,258,701   962,338 Intangible assets, net  977,986    1,030,982 Operating lease right-of-use assets, net  1,822,266    87,380 Security deposits  9,030   9,030 Total non-current assets  7,962,417    6,813,835          TOTAL ASSETS $13,875,685  $13,618,710          LIABILITIES AND STOCKHOLDERS’ DEFICIT                 CURRENT LIABILITIES        Bank borrowings - current  4,699,081   5,689,721 Operating lease liabilities, current  355,754        31,413 Accounts and other payables and accruals  2,600,469    4,538,322 Taxes payable  601,317    608,679 Unearned revenue  -  1,084,484 Amounts due to related parties  1,416,432    302,943 Obligation under secured borrowing arrangement  -   599,664 Total current liabilities  9,673,053    12,855,226          Bank borrowings – non-current  136,947   124,905 Operating lease liabilities, – non-current  1,466,512    55,967 Total non-current liabilities  1,603,459    180,872          TOTAL LIABILITIES $11,276,512  $13,036,098          COMMITMENTS AND CONTINGENCIES               STOCKHOLDERS’ EQUITY (DEFICIT)        Preferred stock, 100,000,000 shares authorized – Series A, $0.001 par value, 20,000,000 shares designated,