Company: MVNC
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001683168-25-003814
Chunk: 4

Company: Marvion Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 1
Chunk 4
---
     366,346  
    $37  
     1  
    $1  
     340,389,151  
    $34,040  
    $562,603  
    $(2,385) 
    $(6,063,996) 
    $(5,468,700)

See Accompanying Notes to Unaudited Condensed Consolidated
Financial Statements.

 12 

MARVION INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH
FLOWS

(Currency expressed in United States Dollars (“US$”)) 

    For the Three Months Ended March 31, 

    2025  
    2024 
  
    Cash flows from operating activities: 

    Net income 
    $6,977  
    $40,512 
  
    Adjustments to reconcile net income to net cash provided by operating activities: 

    Depreciation of property and equipment 
     41,101  
     18,512 
  
    Amortization of right-of use assets 
     29,926  
     29,772 
  
    Imputed interest expenses on operating lease liabilities 
     19,292  
     20,527 
  
    Imputed interest expenses on promissory notes payable 
     47,115  
     – 

    Change in operating assets and liabilities: 

    Accounts receivable, net 
     (16,928) 
     (27,988)
  
    Prepaid expenses and other current assets 
     12,879  
     – 
  
    Contract liabilities 
     27,638  
     – 
  
    Accounts payable 
     (23,503) 
     (5,028)
  
    Accrued liabilities and other payable 
     66,598  
     61,085 
  
    Operating lease liabilities 
     (43,189) 
     (39,876)
  
    Income tax payable 
     8,423  
     13,580 
  
    Net cash provided by operating activities 
     176,329  
     111,096 

    Cash flows used in investing activities: 

    Capital expenditure paid 
     (228,809) 
     – 
  
    Purchase of property and equipment 
     (