Company: MVNC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008388
Chunk: 69

Company: Marvion Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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, 2025. The continuation of the Company as a going
concern through the next twelve months is dependent upon the continued financial support from its major shareholders. The Company is currently
pursuing additional financing for its operations. However, there is no assurance that the Company will be successful in securing sufficient
funds to sustain the operations.

These and other factors
raise substantial doubt about the Company’s ability to continue as a going concern. 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.

5.BUSINESS SEGMENT

During the three and nine
months ended September 30, 2025 and 2024, the Company managed and operated its business into two reportable business segments:

–Supply chain segment 
    Provision of
logistic service and warehousing service

–Financial segment 
    Provision of financial
consulting service

The CODM assesses segment
financial performance by reviewing segment revenue and segment operating income. The CODM will make decisions to allocate resources based
on the review of monthly, quarterly, and annual financial information categorized by segment. The financial information is presented to
the CODM using actual-to-actual results and budget-to-actual results.

The CODM evaluates performance
and allocates resources to the segments, based on operating results. Adjustments to reconcile segment results with consolidated results
are included in the caption “Corporate,” which primarily includes unallocated corporate activity.

Summarized below is the
information about the Company’s operating results by reporting segments for the three and nine months:

    Schedule of segment information 

    Three months ended September 30, 

    Supply chain segment  
    Financial segment  
    Corporate  
    Consolidated 

    2025  
    2024  
    2025  
    2024  
    2025  
    2024  
    2025  
    2024 

    Revenues, net 
    $887,568  
    $339,071  
    $60,536  
    $51,204  
    $–  
    $–  
    $948,104  
    $390,275 
  
    Cost of revenues 
     (549,924) 
     (190,671)