Company: CENN
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001140361-25-041657
Chunk: 106

Company: Cenntro Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 8
Chunk 106
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 in 2025 was primarily attributed to the decrease in in legal and professional fee, salary and social insurance
          expense, office expenses, travelling fee, freight, leasing cost, rental expense, others expense related to garage liability insurance and share-based compensations of approximately $0.5 million, $1.4 million, $1.0 million, $0.3 million, $0.4
          million, $1.2 million, $0.3 million, $0.4 million and $0.5 million, respectively.

          31

          General and administrative expenses for the three months ended September 30, 2025 were approximately $4.1 million, a decrease of approximately $3.0 million or approximately 42.3% from approximately
            $7.1 million for the three months ended September 30, 2024. The decrease in general and administrative expenses in 2025 was primarily attributed to a decrease in legal and professional fee, leasing cost, office expense, travelling fee, freight,
            rental expense, leasehold improvement depreciation, others related to garage liability insurance and share-based compensation of approximately $0.5 million, $0.7 million, $0.5 million, $0.2 million, $0.3 million, $0.1 million, $0.2 million,
            $0.3 million and $0.1 million, respectively.

        Research and Development Expenses

        Research and development expenses for the nine months ended September 30, 2025 were approximately $2.0 million, a decrease of approximately $2.0 million or approximately 50.5%
          from approximately $3.9 million for the nine months ended September 30, 2023. The decrease in research and development expenses in 2025 was primarily attributed to the decrease in design and testing material expenditures, salary expense and
          miscellaneous expenses of approximately $0.6 million, $1.3 million and $0.1 million.

        Research and development expenses for the three months ended September 30, 2025 were approximately $0.5 million, a decrease of approximately $0.9 million or approximately 63.0%
          from approximately $1.4 million for the three months ended September 30, 2024. The decrease in research and development expenses in 2025 was primarily attributed to the decrease in design and development expenditures and salary expense of
          approximately $0.4 million and $0.5 million,