Company: NCL
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001575872-25-000691
Chunk: 131

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 131
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 2024. The increase was mainly caused by an increase in service fees of $573,715, an increase in share-based compensation to directors of $415,183, an increase in office expenses of $147,664, and other items with minor changes, partly offset by a decrease in salary and social insurance of $1,091,680.

  Nine Months Ended September 30,   2025  2024  Fluctuation   Amount  Proportion  Amount  Proportion  Amount  Proportion Salary and social insurance $ 157,529   5.9% $ 1,249,209   49.5% $ (1,091,680)  -87.4%Share-Based Compensation-D&O  415,183   15.7%  -   -  415,183   -Service fees  1,355,168   51.1%  781,453   31.0%  573,715   73.4%Royalty fee  19,748   0.8%  18,138   0.7%  1,610   8.9%Entertainment expenses  39,733   1.5%  44,231   1.8%  (4,498)  -10.2%Taxation  42,916   1.6%  41,387   1.6%  1,529   3.7%Depreciation and amortization  65,063   2.5%  72,189   2.9%  (7,126)  -9.9%Rent  30,375   1.1%  27,033   1.1%  3,342   12.4%Travel fee  30,997   1.2%  35,900   1.4%  (4,903)  -13.7%Office expenses  280,948   10.6%  133,284   5.3%  147,664   110.8%Other  212,245   8.0%  119,116   4.7%