Company: MKDWW
Filing Date: 2025-04-15
Form Type: 424B3
Source: 0001641172-25-004780
Chunk: 202

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-15
Form: 424B3
Chunk 202
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,601 |   |     |      |     30,697 |   |
| Deferred tax liabilities:                       |     |                    |            |   |     |      |            |   |
| Right of use asset                              |     |                    |    (44,601 | ) |     |      |    (30,697 | ) |
| Total deferred tax liabilities                  |     |                    |    (44,601 | ) |     |      |    (30,697 | ) |
| Total deferred tax assets, net                  |     | $                  |          - |   |     | $    |          - |   |

As of December 31, 2024, the Company had
net operating loss carryforwards of approximately US$14.2
million, which arose from the Company’s subsidiaries, established in Taiwan, China, Samoa, and Mainland China. As
of December 31, 2023 and 2024, deferred tax assets from the net operating loss carryforwards amounted to US$2,826,537
and US$3,028,871,
respectively, and the Company has provided a valuation allowance of US$3,140,578
and US$3,354,499,
respectively as it has concluded that it is more likely than not that these deferred tax assets would not be utilized in the future.

| F-30 |

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

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

| 18. | TAXATION    
 – Continued |

The movement of valuation allowance provision for deferred tax assets was as follows:

SCHEDULE OF MOVEMENT OF VALUATION ALLOWANCE PROVISION FOR DEFERRED TAX ASSETS

| Balance as of December 31, 2021 |     | $ | 3,093,005 |   |
| Current year addition           |     |   |   311,190 |   |
| Expire of net operation loss    |     |   |  (152,259 | ) |
| Exchange rate effect            |     |   |  (288,345 | ) |
| Balance as of December 31, 2022 |     | $ | 2,963,591 |   |
| Current year addition           |     |   |   363,597 |   |
| Expire of net operation loss    |     |   |  (168