Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 166

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 19
Chunk 166
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           by the Company’s property, plant and equipment amounting to US$ 4,239,550 and US$ 3,894,697 as of December 31, 2023 and 2024, respectively.  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
           The                                                                                                                                          
           interest expenses were US$ 211,117, US$ 214,627 and US$ 269,855 for the years ended December 31, 2022, 2023 and 2024, respectively.          
           The weighted average interest rates of bank borrowings outstanding were 4.6% and 4.4% per annum as of December 31, 2023 and 2024,            
           respectively. The maturity dates of the bank borrowings were from April 2025 to December 2027.                                               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

As
of December 31, 2024 the Company’s long-term bank borrowings will be due according to the following schedule:

SCHEDULE OF LONG TERM BORROWINGS

  For the fiscal years ending December 31,      Amount                 
  Total long-term bank borrowings               $           2,938,161  
 ───────────────────────────────────────────────────────────────────────
  2025                                          $             123,299  
  2026                                                      1,635,088  
  2027                                                      1,179,774  
  2028 and thereafter                                               -  

MKDWELL
TECH INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

(In
U. S. dollars, except share and per share data)

12. ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued
expenses and other liabilities consisted of the following:

SCHEDULE
OF ACCRUED EXPENSES AND OTHER LIABILITIES

                                                    As of December 31,                                          
                                                    2023                                   2024                 
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Long-term payments of leaseback, current (1)      $                         307,694      $         1,242,154  
  Equipment purchase payable (2)                                              987,811                  839,220  
  Service fee payable (3)                                                           -                  717,269  
  Deferred underwriter commission payable (4)                                       -                  662,