Company: MVNC
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001683168-25-003814
Chunk: 98

Company: Marvion Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 2
Chunk 98
---
 activities was $176,329, which consisted primarily of net income of $6,977, a decrease
in prepaid expenses and other current assets of $12,879, an increase in accrued liabilities and other payables of $66,598, an increase
in contract liabilities of $27,638, an increase in income tax payable of $8,423 and adjusted for non-cash items of depreciation for property
and equipment of $41,101, amortization of right-of-use assets of $29,926, interest expenses on promissory notes of $47,115 and interest
expenses on lease liabilities of $19,292, offset by an increase of account receivables of $16,928, a decrease of account payables of $23,503
and a decrease of lease liabilities of $43,189.

For the three months ended
March 31, 2024, net cash provided by operating activities was $111,096, which consisted primarily of a net income of $40,512, an increase
in accrued liabilities and other payables of $61,085 and an increase in income tax payable of $13,580, and adjusted for non-cash items
of depreciation for property and equipment of $18,512, amortization of right-of-use assets of $29,772 and interest expenses on lease liabilities
of $20,527, offset by a decrease of lease liabilities of $39,876, an increase in account receivables of $27,988 and a decrease in account
payables of $5,028.

Net Cash Used In Investing
Activities

For the three months ended March
31, 2025, net cash used in investing activities of $231,570 which consisted primarily of $2,761 for purchase of property and equipment
during the period and $228,809 of additions in construction in progress.

For the three months ended March
31, 2024, net cash used in investing activities of $511,133 represent the purchase of property and equipment during the period.

Net Cash Provided by Financing Activities

For the three months ended March
31, 2025, net cash provided by financing activities of $99,148 which consisted primarily of $67,099 advance from the Company’s shareholder
and $32,049 advance from the Company’s director.

For the three months ended March
31, 2024, net cash provided by financing activities of $571,802 represented the advances made by the Company’s director.

All advances