Company: NCL
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001575872-25-000691
Chunk: 50

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1F
Chunk 50
---
	(8,799,313

			)

			Issuance of common stock

			-

			-

			80,000,000

			80,000

			(11,427,200

			)

			11,347,200

			-

			-

			-

			Issuance of common stock for services

			-

			-

			4,333,595

			4,334

			-

			6,340,050

			-

			-

			6,344,384

			Accumulated other comprehensive income

			-

			-

			-

			-

			-

			(80,186

			)

			(80,186

			)

			Balance - September 30, 2025

			5,000,000

			$

			5,000

			179,797,995

			$

			179,798

			$

			(16,395,050

			)

			39,156,915

			$

			(23,385,418

			)

			$

			2,283,378

			$

			1,844,623

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

F-3

NORTHANN CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS

 (Unaudited)

(In U.S. dollars)

  Nine Months Ended   September 30,   2025  2024  CASH FLOWS FROM OPERATING ACTIVITIES        Net loss $(13,691,600) $(440,897)Adjustments to reconcile net income to net cash provided by operating activities:        Depreciation and amortization  497,765   504,943 Share-based Compensation  7,161,133   1,182,496 Income from settlement of convertible notes  -   (250,000)Lease expense  327,142   59,617 Tax payable write-off  (539,505)  - Changes in operating assets and liabilities:        Accounts receivable  532,635   674,820 Inventory  (1,442,530)  (1,162,252)Other receivable