Company: NCL
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001575872-25-000691
Chunk: 127

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 127
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 and Social Insurance $ 38,074   5.7% $ 8,202   1.4% $ 29,872   364.2%Share-Based Compensation-D&O  415,183   62.7%  -   -  415,183   -Service fees  51,450   7.8%  371,946   64.6%  (320,496)  -86.2%Royalty fee  8,109   1.2%  6,284   1.1%  1,825   29.0%Entertainment expenses  12,565   1.9%  10,534   1.8%  2,031   19.3%Taxation  22,603   3.4%  21,712   3.8%  891   4.1%Depreciation and amortization  22,779   3.4%  23,597   4.1%  (818)  -3.5%Bad debt  -   -  -   -  -   -Rent  11,490   1.7%  9,420   1.6%  2,070   22.0%Travel fee  12,138   1.8%  4,482   0.8%  7,656   170.8%Office expenses  55,637   8.4%  62,672   10.9%  (7,035)  -11.2%Other  12,303   2.0%  56,829   9.9%  (44,526)  -78.4%Total general and administrative expenses $662,331   100.0% $ 575,678   100.0% $ 86,653   15.1%

Research and development expenses. Our research and development expenses decreased to $289,545 for the three months ended September 30, 2025 from $340,072 for the same period in 2024. 

Net (loss) income. As a result of the cumulative