Company: NCL
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001575872-25-000540
Chunk: 78

Company: Northann Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1F
Chunk 78
---
,807   71.2%Gross profit  (523,150)  (10.2)%  2,444,617   28.8%Operating expenses            Selling expenses  1,539,587   29.9%  405,437   4.8%General and administrative expenses  1,987,574   38.6%  1,946,262   22.9%Research and development expenses  718,238   14.0%  932,185   11.0%(Loss) from operations  (4,768,549)  (92.7)%  (839,267)  (9.9)%Other Income (expenses)            Interest income  11   -%  -   -Interest expense  (123,734)  (2.4)%  (345,644)  (4.1)%Other income  -   -%  250,248   2.9%Other expense  (15)  -%  -   -%Net (loss) before taxes  (4,892,287)  (95.1)%  (934,663)  (11.1)%Income tax benefit (expenses)  -   -%  (2,799)  -%Net (loss)   (4,892,287)  (95.1)%  (937,462)  (11.1)%Other comprehensive loss            Foreign currency translation adjustment  1,315,952   25.6%  162,251   1.9%Total comprehensive income  (3,576,335)  (69.5)%  (775,211)  (9.2)%

Revenues. Our revenues were $5,143,948 for the six months ended June 30, 2025, representing a decrease of $3,340,476 or 39.4% from $8,484,424 for the six months ended June 30, 2024. The decrease was mainly due to decrease in customer demand and our sales volume in the six months ended June 30, 2025 as compared to the same period in 2024. 

Cost of revenues. Our