Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 164

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 19
Chunk 164
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 2024              
                                      For the years ended December 31,                                                          
                                      2022                                              2023                  2024              
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Operating lease:                                                                                                              
  Operating lease expense             $                                     67,290      $         64,361      $         62,449  
  Short-term lease expense                                                     938                 1,204                 1,102  
  Total operating lease expenses      $                                     68,228      $         65,565      $         63,551  
  Financing leases:                                                                                                             
  Amortization expense                                                      26,463                25,150                 8,407  
  Interest expense                                                           2,850                 1,299                     -  
  Total financing lease expenses      $                                     29,313      $         26,449      $          8,407  
  Total lease expenses                $                                     97,541      $         92,014      $         71,958  

For
the years ended December 31, 2022, 2023 and 2024, cash paid for operating leases were US$ 67,290 64,361 62,449, and financing
leases were US$29,038, US$18,398and nil, respectively. The disposal gain were nil, US$18,994and nilfor the years ended December 31,
2022, 2023 and 2024, respectively.

Supplemental
balance sheet information related to leases was as follows:

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES

                                              As of December 31,                                          
                                                            2023                     2024                 
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  Weighted average discount rate:                                                                         
  Operating lease                                                     4.51                     4.51       
  Weighted average remaining lease term:                                                                  
  Operating lease                                                     24 months                12 months  

As
of December 31, 2024, the future minimum rent payable under non-cancelable operating and financing leases were:

SCHEDULE OF FUTURE MINIMUM RENT PAYABLE UNDER NON-CANCELABLE OPERATING AND FINANCING LEASES

  For the fiscal years ended December 31,                 Amount               
  2025                                                    $            61,147  
 ─────────────────