Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 161

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 19
Chunk 161
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 -                    209  
  Total                           $                       875,119      $         662,877  

  (1)      The                                                                                                                                 
           balance as of December 31, 2023 mainly represented the US$ 575,000 loan that MKD BVI lent                                           
           to Cetus Sponsor LLC with an annual interest of 6.5% and accrued interest. Cetus Sponsor                                            
           LLC is sponsor of Cetus Capital and became a related party of the Company after the Closing                                         
           Date upon the closing of the Business Combination. Therefore, the balance of loans to Cetus                                         
           Sponsor LLC was included in amounts due from related parties as of December 31, 2024.                                               
                                                                                                                                               
                                                                                                                                               
                                                                                                                                               
                                                                                                                                               
                                                                                                                                               
           The balance as of December 31, 2024 mainly represented                                                                              
           the interest-free loan that MKD lent to a shareholder who held less than 5% of the Company’s ordinary shares on December 10, 2024.  
           On February 18, 2025, the Company had collected total amounts from the shareholder.                                                 
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

MKDWELL
TECH INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

7. PROPERTY, PLANT AND EQUIPMENT, NET

Property,
plant and equipment, net, consisted of the following:

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT

                                          2023                                     2024                   
                                          As of December 31,                                              
                                          2023                                     2024                   
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  Building                                $                         2,631,286      $           4,717,355  
  Machinery and equipment                                           2,140,575                  2,576,389  
  Vehicle                                                              64,791                     63,002  
  Office equipment                                                     74,411                     72,262  
  Property,                                                            74,411                     72,262  
  Less: accumulated depreciation                                  ( 1,179,660                ( 2,334,463  
  Property, plant and equipment, net      $                         3,731,403      $           5,094,545  

For
the years ended December 31