Company: NCL
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001575872-25-000691
Chunk: 31

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 liabilities  -   35,892 Total Liabilities  13,109,095   11,276,512          Stockholders’ Equity (Deficit)        Preferred stock – Series A, $0.001 par value, 100,000,000 shares authorized, 10,000,000 shares issued and outstanding as of September 30, 2025 and December 31, 2024  5,000   5,000 Common stock, $0.001 par value, 400,000,000 shares authorized, 179,797,995 shares issued and outstanding as of September 30, 2025 and 55,464,000 shares issued and outstanding as of December 31, 2024  179,798   55,464 Subscription receivable  (16,395,050)  (1,375,000)Additional Paid-in Capital  41,267,415   15,487,165 Accrued compensation expense  (2,110,500)  (2,927,250)Retained earnings (accumulated deficit)  (23,385,418)  (9,693,818)Accumulated other comprehensive income (loss)  2,283,378   1,047,612 Total Stockholders’ Equity (Deficit)  1,844,623   2,599,173 Total Liabilities and Stockholders’ Deficit $ 14,953,718  $ 13,875,685  * Retrospectively restated for the effect of 1-for-2 reverse stock split. (Note 16)  F-19  Condensed Financial Information on Results of Operations   For theninemonthsendedSeptember 30,          For theninemonthsendedSeptember 30,       2025  2024   (Unaudited) Revenue $ -  $ - Cost or revenues  -   - Operating expenses  7,532,552   1,709,858 Income taxes  -   933 Income (loss) – Parent only  (7,532,552)  (1,710,791)Income (loss) – Subsidiaries with unrestricted net assets  (5,984,117)  1