Company: MVNC
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001683168-25-003814
Chunk: 40

Company: Marvion Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 1
Chunk 40
---
2024:

    Three Months Ended March 31, 

    2025  
    2024 
  
    Net cash provided by operating activities 
    $176,329  
    $111,096 
  
    Net cash used in investing activities 
    $(231,570) 
    $(511,133)
  
    Net cash provided by financing activities 
    $99,148  
    $571,802 

 41 

Net Cash Provided by Operating
Activities

For the three months ended
March 31, 2025, net cash provided by operating 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