Company: MVNC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008388
Chunk: 91

Company: Marvion Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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,531)
  
    Net income (loss) 
    $5,098  
    $(414,947)

Revenues

The Company currently generates
three sources of revenue: 

    Three Months Ended September 30, 

    2025  
    2024 

    Logistic service income 
    $462,498  
    $204,433 
  
    Warehousing service income 
     425,070  
     134,638 
  
    Financial consulting income 
     60,536  
     51,204 

    $948,104  
    $390,275 

All of our revenues are
derived in Hong Kong.

Revenues from logistic solution
services to the customers, in which such local transportation, delivery and packaging services at the time the customers require packed
products to be shipped by the Company to domestic destinations designed by the customers. The Company’s performance obligation has
been satisfied when the products been delivered to the designated recipient and confirmed the completion with customer. Generally, the
Company will reconcile the delivery order with the customer monthly and recognized revenue after completion of monthly reconciliation.
The Company will issue invoices to customers at each month end, and usually provide the receivable in a credit term of 30 days.

Revenues from storage services
at the designated warehouse facilities are recognized ratably over the term of the contract or arrangement, as the Company performs contractual
obligations through continuous transfer of control to the customers, and they could simultaneously receive and consume the benefits of
the Company’s performance as it occurs. The Company generally invoices customers monthly at the end of each month in arrear for
services performed during the month. The performance obligation is satisfied when the services are performed. Warehousing contracts typically
consist of ongoing storage service in a term of 1-6 years, subject to renewal option. The Company recognized revenue when the Company
issued monthly invoices to customers.

 37 

The Company also provides
financial consulting services to the customers, and generally invoices customers when the performance obligation is satisfied. The duration
of the service period is short, usually within 3 months. Transaction prices of financial consulting services to be rendered are typically
based on contracted rates. The Company earns the fee arising from the facilitation of the placement of financing solutions with different
credit institutions, which is recognized at a point in time when the service is completed and delivered to the customer. The Company recognized
revenue when the Company issued invoices to