Company: MKDWW
Filing Date: 2025-02-21
Form Type: F-1/A
Source: 0001493152-25-007784
Chunk: 180

Company: MKDWELL Tech Inc.
Filing Date: 2025-02-21
Form: F-1/A
Chunk 180
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 |     | $                             | 163,644 |     | $    | 470,086 |

| F-15 |

MKDWELL TECH INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, except share and per share data)

16. 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 six months ended June 30, |      |   |     |      |      |   |
|                                           |     |                          2023 |      |   |     | 2024 |      |   |
|                                           |     |                    -Unaudited |      |   |     |      |      |   |
| Percentage of the Company’s total revenue |     |                               |      |   |     |      |      |   |
| Customer A                                |     |                               | 56.8 | % |     |      |    * |   |
| Customer B                                |     |                               | 13.5 | % |     |      | 12.8 | % |
| Customer C                                |     |                               | 12.1 | % |     |      | 20.2 | % |
| Customer D                                |     |                               |    * |   |     |      | 14.9 | % |
| Customer K                                |     |                               |    * |   |     |      | 13.3 | % |

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

|                                      |     | As 
 of | December 
      31, 
     2023 |   |     |            | June 
  30, 
 2024 |   |
|:-------------------------------------|:----|:---|---------:|:--|:----|