Company: MVNC
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001683168-25-003814
Chunk: 81

Company: Marvion Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 as well expenses associated with maintaining our filings with the Commission. We will require
additional funds during this time and will seek to raise the necessary additional capital. If we are unable to obtain additional financing,
we may be required to reduce the scope of our business development activities, which could harm our business plans, financial condition
and operating results. Additional funding may not be available on favorable terms, if at all. We intend to continue to fund its business
by way of equity or debt financing and advances from related parties. Any inability to raise capital as needed would have a material adverse
effect on our business, financial condition and results of operations.

If we cannot raise additional
funds, we will have to cease business operations. As a result, our common stock investors would lose all of their investment.

Cash Flows

The following summarizes the key component of our
cash flows for the three months ended March 31, 2025 and 2024:

    Three Months Ended March 31, 

    2025  
    2024 
  
    Net cash provided by operating activities 
    $176,329  
    $111,096 
  
    Net cash used in investing activities 
    $(231,570) 
    $(511,133)
  
    Net cash provided by financing activities 
    $99,148  
    $571,802 

 41 

Net Cash Provided by Operating
Activities

For the three months ended
March 31, 2025, net cash provided by operating activities was $176,329, which consisted primarily of net income of $6,977, a decrease
in prepaid expenses and other current assets of $12,879, an increase in accrued liabilities and other payables of $66,598, an increase
in contract liabilities of $27,638, an increase in income tax payable of $8,423 and adjusted for non-cash items of depreciation for property
and equipment of $41,101, amortization of right-of-use assets of $29,926, interest expenses on promissory notes of $47,115 and interest
expenses on lease liabilities of $19,292, offset by an increase of account receivables of $16,928, a decrease of account payables of $23,503
and a decrease of lease liabilities of $43,189.

For the three months ended
March 31, 2024, net cash provided by operating activities was $111,096, which consisted primarily of