Company: NCL
Filing Date: 2025-07-01
Form Type: 10-K
Source: 0001575872-25-000433
Chunk: 130

Company: Northann Corp.
Filing Date: 2025-07-01
Form: 10-K
Item: Item 16
Chunk 130
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,452,997   9,948,890 Total Assets  13,875,685   15,454,180          Liabilities and Stockholders’ Deficit        All other current liabilities  358,626   599,664 Amounts due to subsidiaries  10,881,994   10,660,508 Total current liabilities  11,240,620   11,260,172 Non-current liabilities  35,892   1,950,000 Total Liabilities  11,240,620   13,210,172          Stockholders’ Equity (Deficit)        Preferred stock,100,000,000 shares authorized – Series A, $0.001 par value, 20,000,000 shares designated, 5,000,000 shares issued and outstanding as of December 31, 2024 and 2023*  5,000   5,000 Common stock, $0.001 par value, 400,000,000 shares authorized, 55,464,000 and 20,000,000 shares issued and outstanding as of December 31, 2024 and 2023, respectively*  55,464   21,380 Subscription receivable  (1,375,000)  (25,000)Additional Paid-in Capital  15,487,165   6,671,016 Accrued compensation expense  (2,927,250)  - (Accumulated deficit) retained earnings  (9,693,818)  (3,652,547)Accumulated other comprehensive loss  1,047,612  (775,841)Total Stockholders’ Equity  2,599,173  2,244,008 Total Liabilities and Stockholders’ Deficit  13,875,685   15,454,180  *Retrospectively restated for the effect of 2-for-1 reverse stock split. (Note 18)  F-26

  Condensed Financial Information on Results of Operations    For the years ended December 31,    2024  2023 Revenue  250,000   43,251 Cost or revenues  -   - Operating expenses  2,668,613   3,381,