Company: MKDWW
Filing Date: 2025-04-15
Form Type: 424B3
Source: 0001641172-25-004780
Chunk: 130

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-15
Form: 424B3
Chunk 130
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|:----|:---------------------------------|---------:|:--|:----|:-----|-----------:|:--|:----|:-----|-----------:|:--|
| Net cash used in operating activities            |     | $                                | (129,863 | ) |     | $    | (1,323,384 | ) |     | $    | (3,112,605 | ) |
| Net cash used in investing activities            |     |                                  | (428,128 | ) |     |      | (1,297,701 | ) |     |      |   (834,937 | ) |
| Net cash provided by financing activities        |     |                                  |  605,695 |   |     |      |  3,135,961 |   |     |      |  3,582,030 |   |
| Effect of exchange rate changes                  |     |                                  | (124,134 | ) |     |      |     (7,456 | ) |     |      |     34,814 |   |
| Net change in cash and cash equivalents          |     |                                  |  (76,430 | ) |     |      |    507,420 |   |     |      |   (330,698 | ) |
| Cash and cash equivalents, beginning of the year |     |                                  |  493,438 |   |     |      |    417,008 |   |     |      |    924,428 |   |
| Cash and cash equivalents, end of the year       |     | $                                |  417,008 |   |     | $    |    924,428 |   |     | $    |    593,730 |   |

Operating activities

For the year ended December 31, 2024, our net cash used in operating activities was US$3.11 million, which was primarily attributable to (i) our net loss of US$3.16 million, (ii) an adjustment of added non-cash items of a net amount of US$0.67 million, inclusive of depreciation and amortization and other non-cash items, (iii) changes in working capital that negatively affected the cash flow from operating activities, primarily including a decrease of US$0.61 million in accrued expenses and other current liabilities mainly due to the increase of service fee payment that related to the business combination.

For the year ended December 31,