Company: MVNC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008388
Chunk: 90

Company: Marvion Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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 rich selection of furniture from the already mature China ecommerce market to the consumers in Hong Kong, with integrated logistics,
delivery and furniture assembly services with a simple press of a button on our future furniture ecommerce platform.

We are also looking into
servicing the cross-border furniture delivery services, providing furniture e-commerce players in mainland China with cost effective services
to deliver their products to customers in Hong Kong. With our extensive experience in handling local furniture delivery, our logistic
services can generate higher-margin storage, delivery, and assembly contracts, as a one-stop service. Leveraging existing e-commerce platforms’
markets reduce our costs to get more orders while giving us exposure to 84% of Hong Kong’s online shoppers. (Statista 2027 Forecast).
We are deferring our previous E-Commerce platform plan due to the near-term market volatility due to the global tariff war. We will retain
the infrastructure built and the efforts spent to look for the opportunity to re-enter into this market once market condition becomes
more stable. We still see long term upward opportunities in the E-Commerce market.

 36 

Results of Operations.

Three Months Ended September
30, 2025, as compared to Three Months Ended September 30, 2024

The following table sets
forth selected financial information from our statements of comprehensive income for the three months ended September 30, 2025 and 2024:

    Three Months Ended September 30, 

    2025  
    2024 

    Revenues, net 
    $948,104  
    $390,275 
  
    Cost of revenues 
     (556,744) 
     (193,891)
  
    Gross profit 
     391,360  
     196,384 
  
    Operating expenses: 

    General and administrative expenses 
     (327,884) 
     (573,438)
  
    Total operating expenses 
     (327,884) 
     (573,438)
  
    Income (loss) from operations 
     63,476  
     (377,054)
  
    Interest income 
     118  
     612 
  
    Interest expense 
     (45,977) 
     (35,974)
  
    Income (loss) before income taxes 
     17,617  
     (412,416)
  
    Income tax expense 
     (12,519) 
     (2