Company: NCL
Filing Date: 2025-07-01
Form Type: 10-K
Source: 0001575872-25-000433
Chunk: 17

Company: Northann Corp.
Filing Date: 2025-07-01
Form: 10-K
Item: Item 12
Chunk 17
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airment of Property, plant and equipment

			-

			- 

			Inventory write down

			-

			- 

			Impairment of goodwill

			2,507,455

			- 

			Income from settlement of convertible notes

			(250,000
			
			)

			- 

			Share-based compensation

			2,042,105

			- 

			Changes in assets and liabilities

			Accounts receivable

			(491,103

			)

			(1,186,720

			)

			Other receivables

			52,328

			(16,019

			)

			Prepayments

			(179,546

			)

			(74,835

			)

			Inventory

			649,877

			1,916,878

			Right of use assets

			(1,734,886

			)

			(69,140

			)

			Accounts payable

			(41,968

			)

			(2,381,174

			)

			Accruals and other payables

			(711,533

			)

			1,827,143

			Unearned revenue

			(1,084,484

			)

			1,084,197

			Payroll payable

			5,888

			51,483

			Taxes payable

			(7,362

			)

			538,403

			Accrued interest

			9,234  

			444

			Operating leases

			1,734,886

			69,140

			Net cash used in operating activities

			(1,233,491

			)

			(4,678,716

			)

			Cash flows from investing activities

			Payments for construction

			(296,363

			)

			-

			Net cash used in investing activities

			(296,363

			)

			-

			Cash flows from financing activities

			Proceeds from bank borrowings

			726,099

			-

			Payment of  Bank Loan

			(1,704,697