Company: NCL
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001575872-25-000691
Chunk: 101

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 101
---
 $-    $1,369,994  Industrial and Commercial Bank of China June 4, 2024-June 10, 2025   4.35%  -   1,369,994 Jiangnan Rural Commercial Bank July 28, 2025-March 28, 2026   4.55%  1,264,223   1,232,994 Agricultural Bank of China, Changzhou Zhonglou Sub-branch July 26, 2024-August 23, 2025   3.25%  -   726,097 Auto Loan, current From June 16, 2025 to June 30, 2030   1.99%  15,634   - Total          $1,279,857    $4,699,080   Non-current  Bank Loan period  Interestrate    Balance at September 30, 2024    Balance at December 31, 2024  Industrial and Commercial Bank of China June 13, 2025-June 13, 2028   3.45% $1,334,457  $- Industrial and Commercial Bank of China June 13, 2025-June 13, 2028   3.45%  1,404,692   - EIDL Loan From June 26, 2020 to June 25, 2050   3.75%  134,672   136,947 Auto Loan, non-current From June 16, 2025 to June 30, 2030   1.99%  49,460   - Total        $2,923,281    $136,947  F-13 

9. BALANCES WITH RELATED PARTY 1)Related party transactions For the nine months ended September 30, 2025 and 2024, the Company’s related party provided working capital to support the Company’s operations when needed. The borrowings were unsecured, due on demand, and interest free. The following table summarizes the balances with the Company’s related party. 2)Related party balances  Accounts Name of Related Party  Note  September 30, 2025