Company: MKDWW
Filing Date: 2025-04-15
Form Type: 424B3
Source: 0001641172-25-004780
Chunk: 124

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-15
Form: 424B3
Chunk 124
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 income or capital gains. Additionally, dividend payments are not subject to withholdings tax in Samoa.

Mainland China

Generally, our subsidiaries, which are considered PRC resident enterprises under PRC tax law, are subject to enterprise income tax on their worldwide taxable income as determined under PRC tax laws and accounting standards at a rate of 25%.

Net loss

As a result of the foregoing, our net loss increased by US$1.09 million, or 52.7% from US$2.07 million for the year ended December 31, 2023 to US$3.16 million for the year ended December 31, 2024.

Comparison of Results of Operations for the years ended December 31, 2022 and 2023

The following table sets forth a summary of audited consolidated results of operations for the years indicated. This information should be read together with audited consolidated financial statements and related notes included elsewhere in this Annual Report. The operating results in any period are not necessarily indicative of the results that may be expected for any future period.

|                                     |     | For the years ended December 31, 
 2022                             
 US$                              |            |   |     | 2023 
 US$  |            |   |     | Change 
 Amount 
 US$    |          |   |     | % |       |    |
|:------------------------------------|:----|:---------------------------------|-----------:|:--|:----|:-----|-----------:|:--|:----|:-------|---------:|:--|:----|:--|------:|:---|
| Revenues                            |     | $                                |  3,153,486 |   |     | $    |  3,670,722 |   |     | $      |  517,236 |   |     |   |  16.4 | %  |
| Cost of revenues                    |     |                                  | (2,134,376 | ) |     |      | (2,996,990 | ) |     |        | (862,614 | ) |     |   |  40.4 | %  |
| Gross profit                        |     |                                  |  1,019,110 |   |     |      |    673,732 |   |     |        | (345,378 | ) |     |   | (33.9 | )% |
| Operating expenses:                 |