Company: MKDWW
Filing Date: 2025-04-15
Form Type: 424B3
Source: 0001641172-25-004780
Chunk: 205

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-15
Form: 424B3
Chunk 205
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 with annual interest 
 rate at 3.5%.                                                                                                                       
 In May 2022, Chih-Hsiang Tang converted US$33,602                                                                                   
 loan balance in                                                                                                                     
 exchange for 100,000                                                                                                                
 ordinary shares                                                                                                                     
 of MKD Taiwan, with the remaining balance being paid off.                                                                           |

| F-33 |

<div align='center'>MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, except share and per share data)</div>

20. CONCENTRATION OF CREDIT RISK

Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of accounts receivable. The Company conducts credit evaluations of its customers, and generally does not require collateral or other security from them. The Company evaluates its collection experience and long outstanding balances to determine the need for an allowance for credit loss. The Company conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable.

The following table sets forth a summary of single customers who represent 10% or more of the Company’s total revenue.

SCHEDULE OF CONCENTRATION OF CREDIT RISK

|                                           |     | For the years ended December 31, |      |   |     |      |      |   |     |      |      |   |
|                                           |     |                             2022 |      |   |     | 2023 |      |   |     | 2024 |      |   |
| Percentage of the Company’s total revenue |     |                                  |      |   |     |      |      |   |     |      |      |   |
| Customer A                                |     |                                  |   -* |   |     |      |   -* |   |     |      | 20.3 | % |
| Customer B                                |     |                                  | 23.3 | % |     |      | 11.4 | % |     |      | 17.5 | % |
| Customer C                                |     |                                  | 13.9 | % |     |      |   -* |   |     |      | 10.2 | % |
| Customer D                                |     |                                  | 19.5 | % |     |      | 52.1 | % |     |      |   -* |   |
| Customer E                                |     |                                  |   -* |   |     |      | 13.2 | %