Company: NCL
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001575872-25-000540
Chunk: 112

Company: Northann Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 112
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 the same period in 2024. The decrease was mainly caused by a decrease in salary and social insurance of $1,198,513, and other items with minor changes, partly offset by an increase in service fee of $254,086.

  Three Months Ended June 30,    2025   2024   Fluctuation   Amount  Proportion  Amount  Proportion  Amount  Proportion Salary and Social Insurance  911   0.2%  1,199,424   82.2%  (1,198,513)  -99.9%Service fees  377,312   74.5%  123,226   8.4%  254,086   206.2%Royalty fee  5,986   1.2%  6,034   0.4%  (48)  -0.8%Entertainment expenses  11,744   2.3%  12,769   0.9%  (1,025)  -8.0%Taxation  19,836   3.9%  19,664   1.3%  172   0.9%Depreciation and amortization  17,700   3.5%  23,959   1.6%  (6,259)  -26.1%Rent  (33,611)  -6.6%  8,659   0.6%  (42,270)  -488.2%Travel fee  11,891   2.3%  11,729   0.8%  162   1.4%Office expenses  84,718   16.7%  35,242   2.4%  49,476   140.4%Other  9,835   1.9%  20,519   1.4%  (10,684)  -52.1%Total general and administrative expenses  506,322   100.0%  1,461,225   100.0%  (954,903)  -65.3%

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