Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 130

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 130
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 of net proceeds of US$1.95 million from bank borrowings, proceeds of US$0.88 million from shareholder contribution, and net proceeds of US$0.28 million from related parties.

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Capital expenditures

Our capital expenditures are primarily incurred for the purchase of property, equipment and software. Our capital expenditures were US$0.43 million and US$0.75 million for the years ended December 31, 2022 and 2023, respectively. We intend to fund our future capital expenditures with our existing cash balance and proceeds from this offering. We will continue to incur capital expenditures as needed to meet the expected growth of our business.

MKD’sTabular Disclosure of Contractual Obligations

The following table sets forth our contractual obligations as of December 31, 2023. The amounts are gross and undiscounted and include contractual interest payments.

|                                     |     | Payment Due by Period 
 Total                 |           |     | Less than 1 year |           |     | 1-3 years |           |     | 3-5 years |         |
|:------------------------------------|:----|:----------------------|----------:|:----|:-----------------|----------:|:----|:----------|----------:|:----|:----------|--------:|
| Bank borrowing                      |     | $                     | 5,751,997 |     |                  | 3,322,532 |     |           | 1,620,220 |     |           | 809,245 |
| Payments of leaseback               |     |                       |   502,913 |     |                  |   307,694 |     |           |   195,219 |     |           |       - |
| Operating and financing commitments |     |                       |   130,961 |     |                  |    65,480 |     |           |    65,481 |     |           |       - |
| Related party loans                 |     |                       |   341,563 |     |                  |   341,563 |     |           |         - |     |           |       - |
| Vehicle mortgage loan               |     |                       |     7,445 |     |                  |     7,445 |     |           |         - |     |           |       - |
| Total                               |     | $                     | 6,734,879 |     |                  | 4,044,714 |