Company: MVNC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008388
Chunk: 117

Company: Marvion Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 117
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 current assets of $16,773.

As of September 30, 2025
and December 31, 2024, we had working capital deficit of $4,928,831 and $4,171,189, respectively.

Going Concern

Our continuation as a going
concern is dependent upon improving our profitability and the continuing financial support from our stockholders. Our sources of capital
may include the sale of equity securities, which include common stock sold in private transactions, capital leases and short-term and
long-term debts. While we believe that we will obtain external financing and the existing shareholders will continue to provide the additional
cash to meet our obligations as they become due, there can be no assurance that we will be able to raise such additional capital resources
on satisfactory terms. We believe that our current cash and other sources of liquidity discussed below are adequate to support operations
for at least the next 12 months.

We require additional funding
to meet its ongoing obligations and to fund anticipated operating losses. Our auditor has expressed substantial doubt about our ability
to continue as a going concern. Our ability to continue as a going concern is dependent on raising capital to fund its initial business
plan and ultimately to attain profitable operations. These unaudited condensed consolidated financial statements do not include any adjustments
to reflect the possible future effects on the recoverability and classification of assets and liabilities that may result in the Company
not being able to continue as a going concern.

We expect to incur marketing
and professional and administrative expenses as well expenses associated with maintaining our filings with the Commission. We will require
additional funds during this time and will seek to raise the necessary additional capital. If we are unable to obtain additional financing,
we may be required to reduce the scope of our business development activities, which could harm our business plans, financial condition
and operating results. Additional funding may not be available on favorable terms, if at all. We intend to continue to fund its business
by way of equity or debt financing and advances from related parties. Any inability to raise capital as needed would have a material adverse
effect on our business, financial condition and results of operations.

If we cannot raise additional
funds, we will have to cease business operations. As a result, our common stock investors would lose all of their investment.

 41 

Cash Flows

The following summarizes
the key component of our cash flows for the nine months ended September 30, 2025, and 2024:

    Nine Months Ended September 30