Company: MKDWW
Filing Date: 2025-04-15
Form Type: 424B3
Source: 0001641172-25-004780
Chunk: 186

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-15
Form: 424B3
Chunk 186
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 not discuss recent standards that are not anticipated to have an impact on or are unrelated to its consolidated financial condition, results of operations, cash flows or disclosures.

| F-20 |

<div align='center'>MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, except share and per share data)</div>

4. ACCOUNTS AND NOTE RECEIVABLE, NET

Accounts and note receivable, net consisted of the following:

SCHEDULE OF ACCOUNTS RECEIVABLE

|                                 |     | As of December 31, 
 2023               |    2023 |   |     | 2024 |    2024 |   |
|:--------------------------------|:----|:-------------------|--------:|:--|:----|:-----|--------:|:--|
| Accounts and note receivable    |     | $                  | 601,115 |   |     | $    | 686,597 |   |
| Less: allowance for credit loss |     |                    | (39,057 | ) |     |      | (45,819 | ) |
| Total                           |     | $                  | 562,058 |   |     | $    | 640,778 |   |

The Company recorded a credit loss of US$179,038, reversed a credit loss of US$165,288, and recorded a credit loss of US$7,952for the years ended December 31, 2022, 2023 and 2024, respectively. No credit loss provision was written off for the years ended December 31, 2022, 2023 and 2024, respectively.

5. INVENTORIES, NET

Inventories, net consisted of the following:

SCHEDULE OF INVENTORIES

|                            |     | As of December 31, 
 2023               |     2023 |   |     | 2024 |     2024 |   |
|:---------------------------|:----|:-------------------|---------:|:--|:----|:-----|---------:|:--|
| Finished goods             |     | $                  |  142,183 |   |     | $    |   21,729 |   |
| Work in progress           |     |                    |  191,569 |   |     |      |  127,614 |   |
| Raw materials              |     |                    |