Company: NCL
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001575872-25-000540
Chunk: 107

Company: Northann Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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 subsidiary  7,406,658   9,452,997 Total Assets  16,502,926   13,875,685          Liabilities and Stockholders’ Deficit        All other current liabilities  336,946   358,626 Amounts due to subsidiaries  11,786,242   10,881,994 Total current liabilities  12,123,188   11,240,620 Non-current liabilities  -   35,892 Total Liabilities  12,123,188   11,276,512          Stockholders’ Equity (Deficit)        Preferred stock – Series A, $0.001 par value, 100,000,000 shares authorized, 10,000,000 shares issued and outstanding as of March 31, 2025 and December 31, 2024  5,000   5,000 Common stock, $0.001 par value, 400,000,000 shares authorized, 95,464,000 shares issued and outstanding as of March 31, 2025 and 55,464,000 shares issued and outstanding as of December 31, 2024  95,464   55,464 Subscription receivable  (4,967,850)  (1,375,000)Additional Paid-in Capital  23,580,165   15,487,165 Accrued compensation expense  (2,110,500)  (2,927,250)Retained earnings (accumulated deficit)  (14,586,105)  (9,693,818)Accumulated other comprehensive income (loss)  2,363,564   1,047,612 Total Stockholders’ Equity (Deficit)  4,379,738   2,599,173 Total Liabilities and Stockholders’ Deficit  16,502,926   13,875,685  * Retrospectively restated for the effect of 2-for-1 reverse stock split. (Note 16)  F-19 Condensed Financial Information on Results of Operations  For thesixmonthsendedJune 30,  For thesixmonthsendedJune 30,   2025  2024   (Unaudited) Revenue  -