Company: MKDWW
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001641172-25-002610
Chunk: 204

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: F-1
Chunk 204
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 deferred tax assets was as follows:

SCHEDULE OF MOVEMENT OF VALUATION ALLOWANCE PROVISION FOR DEFERRED TAX ASSETS

| Balance as of December 31, 2021 |     | $ | 3,093,005 |   |
| Current year addition           |     |   |   311,190 |   |
| Expire of net operation loss    |     |   |  (152,259 | ) |
| Exchange rate effect            |     |   |  (288,345 | ) |
| Balance as of December 31, 2022 |     | $ | 2,963,591 |   |
| Current year addition           |     |   |   363,597 |   |
| Expire of net operation loss    |     |   |  (168,776 | ) |
| Exchange rate effect            |     |   |   (17,834 | ) |
| Balance as of December 31, 2023 |     | $ | 3,140,578 |   |
| Current year addition           |     |   |   672,263 |   |
| Expire of net operation loss    |     |   |  (286,411 | ) |
| Exchange rate effect            |     |   |  (171,931 | ) |
| Balance as of December 31, 2024 |     | $ | 3,354,499 |   |

For entities incorporated in Taiwan, net loss can be carried forward for ten years; for entities incorporated in Samoa, net loss can be carried forward indefinitely; for entities incorporated in Mainland China, net loss can be carried forward for five years, while for HNTEs net loss can be carried forward for ten years. As of December 31, 2024, the Company had net operating loss carryforwards of approximately US$ 9.38million and US$ 4.83million for entities incorporated in Taiwan and Mainland China, respectively. As of December 31, 2024, net operating loss carryforwards will expire, if unused, in the following amounts:

SCHEDULE OF OPERATING LOSS CARRYFORWARDS

| For the fiscal years ending December 31, |     | Amount |            |
|:-----------------------------------------|:----|:-------|-----------:|
| 2025                                     |     | $      |  1,142,774 |
| 2026                                     |     |        |  1