Company: MKDWW
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001641172-25-002610
Chunk: 195

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: F-1
Chunk 195
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6%                            
 and 4.4%                                                                                                                             
 per annum as of December 31, 2023 and 2024, respectively. The maturity dates of the bank borrowings were from April 2025 to December 
 2027.                                                                                                                                |

As of December 31, 2024 the Company’s long-term bank borrowings will be due according to the following schedule:

SCHEDULE OF LONG TERM BORROWINGS

| For the fiscal years ending December 31, |     | Amount |           |
|:-----------------------------------------|:----|:-------|----------:|
| 2025                                     |     | $      |   123,299 |
| 2026                                     |     |        | 1,635,088 |
| 2027                                     |     |        | 1,179,774 |
| 2028 and thereafter                      |     |        |         - |
| Total long-term bank borrowings          |     | $      | 2,938,161 |

| F-25 |

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, except share and per share data)

12. ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other liabilities consisted of the following:

SCHEDULE OF ACCRUED EXPENSES AND OTHER LIABILITIES

|                                    |     | As of December 31, |      2023 |     |   |      2024 |
|:-----------------------------------|:----|:-------------------|----------:|:----|:--|----------:|
| Long-term payments                 
 of leaseback, current (1)          |     | $                  |   307,694 |     | $ | 1,242,154 |
| Equipment purchase payable         
 (2)                                |     |                    |   987,811 |     |   |   839,220 |
| Service fee payable (3)            |     |                    |         - |     |   |   717,269 |
| Deferred underwriter commission    
 payable(4)                         |     |                    |         - |     |   |   662,500 |
| Tax payable (5)                    |     |                    |    27,545 |     |   |   402,564 |
| Advance from customer              |     |                    |   304,488 |     |   |   262,216 |
|