Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 139

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 19
Chunk 139
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 Pre-Delivery Shares related to the issuance of Convertible Note               1,800,000        180              846,360          -                  846,540              -          846,540  
  Net loss                                                                      -                -                -                -              ( 2,517,940      ( 639,055      ( 3,156,995  
  Foreign currency translation                                                  -                -                -                212,224            212,224       ( 64,324          147,900  
  Balance as of December 31, 2024                                               18,588,342       1,859            8,962,753        557,094        ( 4,209,317      ( 964,633      ( 5,173,950  
  Balance                                                                       18,588,342       1,859            8,962,753        557,094        ( 4,209,317      ( 964,633      ( 5,173,950  

  The shares and                                                                                                

The
accompanying notes are an integral part of these consolidated financial statements.

  F-5  

MKDWELL
TECH INC.

CONSOLIDATED
STATEMENTS OF CASH FLOWS

(In
U. S. dollars, except for share and per share data, or otherwise noted)

                                                                                                               2022              2023              2024  
                                                                                   For the years ended December 31,                                      
                                                                                                               2022              2023              2024  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                                                  
  Net loss                                                                                             $( 1,217,086      $( 2,068,061      $( 3,156,995  
  Adjustments to reconcile net loss to net cash used in operating activities:                                                                            
  Allowance (reversal) for credit loss                                                                      179,038         ( 165,288             7,952  
  Write-downs of inventories                                                                                310,159           153,938           103,629  
  Depreciation of property, plant and equipment                                                             299,611           348,485           459,116  
  Amortization of intangible assets                                                                          20,915            17,270            13,824  
  Deprec