Company: MKDWW
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001641172-25-002610
Chunk: 130

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: F-1
Chunk 130
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 the years ended December 31, 2022, 2023 and 2024, respectively. As of December 31, 2024, our accumulated deficits were US$13.73 million, with a working capital deficit of US$7.83 million. Our operating results for future periods are subject to numerous uncertainties and it is uncertain if we will be able to reduce or eliminate our net losses for the foreseeable future. These conditions raise substantial doubt about our ability to continue as a going concern.

We have historically depended on financing from bank, related parties and third-party investors to support our operations. Our future operations are dependent upon equity or debt financing and our ability to generate profits through operations at an indeterminate time in the future. We cannot assure that we will be successful in completing an equity or debt financing or in achieving or maintaining profitability in the near term. Our financial statements do not give effect to any adjustments relating to the carrying values and classification of assets and liabilities that would be necessary should we be unable to continue as a going concern.

Cash Flows

The following table sets forth a summary of our cash flows for the years indicated:

|                                                  |     | For the years ended December 31, 
 2022                             
 US$                              |          |   |     | 2023 
 US$  |            |   |     | 2024 
 US$  |            |   |
|:-------------------------------------------------|:----|:---------------------------------|---------:|:--|:----|:-----|-----------:|:--|:----|:-----|-----------:|:--|
| Net cash used in operating activities            |     | $                                | (129,863 | ) |     | $    | (1,323,384 | ) |     | $    | (3,112,605 | ) |
| Net cash used in investing activities            |     |                                  | (428,128 | ) |     |      | (1,297,701 | ) |     |      |   (834,937 | ) |
| Net cash provided by financing activities        |     |                                  |  605,695 |   |     |      |  3,135,961 |   |     |      |  3,582,030 |   |
| Effect of exchange rate changes                  |     |                                  | (124,134 | ) |     |      |     (7,456 | ) |     |      |     34,814 |