Company: NCL
Filing Date: 2025-07-01
Form Type: 10-K
Source: 0001575872-25-000433
Chunk: 60

Company: Northann Corp.
Filing Date: 2025-07-01
Form: 10-K
Item: Item 13
Chunk 60
---
	5,978,069

			LOSS FROM OPERATIONS 

			(1,673,940

			)

			(4,763,705
			
			)

			OTHER INCOME (EXPENSE)

			Interest expense

			(470,900

			)

			(1,709,983

			)

			Amortization of debt discounts

			-

			(645,576

			)

			Other income

			306,404

			1,052

			Other expenses

			(32,371

			)

			-

			Impairment loss on goodwill

			(2,507,455

			)

			-

			Interest income

			120

			-

			Total other expenses, net

			(2,704,202

			)

			(2,354,507

			)

			LOSS BEFORE TAXES

			(4,378,142

			)

			(7,118,212

			)

			Income tax expense 

			(1,733

			)

			(14,361

			)

			NET LOSS

			(4,379,875

			)

			(7,132,573

			)

			Other comprehensive income (loss):

			Foreign currency translation adjustment

			1,823,453 

			(5,950

			)

			Total comprehensive loss

			(2,556,422

			)

			(7,138,523

			)

			Basic and diluted loss per share

			$

			(0.17 

			)

			$

			(0.35

			)

			Weighted average number of shares of common stock outstanding – basic

			26,267,990

			20,278,226

			Weighted average number of shares of common stock outstanding –diluted

			26,267,990

			20,278,226

The accompanying notes are an integral part of these consolidated financial statements.

F-4

NORTHANN CORP.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

(In