Company: MVNC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008388
Chunk: 3

Company: Marvion Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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     (169,965) 
     (35,974)
  
    Gain on debt extinguishment 
     –  
     –  
     170,000  
     – 
  
    Total other (expense) income, net 
     (45,859) 
     (35,362) 
     627  
     (34,377)
  
    Income (loss) before income taxes 
     17,617  
     (412,416) 
     149,533  
     (264,413)
  
    Income tax expense 
     (12,519) 
     (2,531) 
     (29,657) 
     (36,045)
  
    Net income (loss) 
     5,098  
     (414,947) 
     119,876  
     (300,458)

    Other comprehensive (loss) income: 

    Foreign currency adjustment (loss) gain 
     3,940  
     705  
     467  
     860 
  
    Comprehensive income (loss) 
    $9,038  
    $(414,242) 
    $120,343  
    $(299,598)

    Net income per share: 

    Basic (1) 
    $0.00  
    $(0.00) 
    $0.00  
    $(0.00)
  
    Diluted (1) 
    $0.00  
    $(0.00) 
    $0.00  
    $(0.00)

    Weighted average common shares outstanding: 

    Basic 
     340,389,151  
     167,498,301  
     332,330,096  
     152,650,588 
  
    Diluted 
     340,389,151  
     167,498,301  
     332,330,096  
     152,650,588 

    (1)
    Less than $0.01

See Accompanying Notes to Condensed Consolidated
Financial Statements.

 11 

MARVION INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES
IN SHAREHOLDERS’ DEFICIT

(Currency expressed in United States Dollars
(“US