Company: NCL
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001575872-25-000540
Chunk: 116

Company: Northann Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 116
---
 expenses remained relatively stable, which was $ 1,987,578 for the six months ended June 30, 2025, compared to $1,946,262 for the same period in 2024.

  Six Months Ended June 30,   2025  2024  Fluctuation   Amount  Proportion  Amount  Proportion  Amount  Proportion Salary and Social Insurance  119,455   6.01%  1,241,007   63.76%  (1,121,552)  -90.4%Service fees  1,303,718   65.59%  409,507   21.04%  894,211   218.4%Royalty fee  11,639   0.59%  11,854   0.61%  (215)  -1.8%Entertainment expenses  27,168   1.37%  33,697   1.73%  (6,529)  -19.4%Taxation  20,313   1.02%  19,675   1.01%  638   3.2%Depreciation and amortization  42,284   2.13%  48,592   2.50%  (6,308)  -13.0%Rent  18,885   0.95%  17,613   0.90%  1,272   7.2%Travel fee  18,859   0.95%  31,418   1.61%  (12,559)  -40.0%Office expenses  225,311   11.34%  70,612   3.63%  154,699   219.1%Other  199,946   10.06%  62,287   3.20%  137,659   221.0%Total general and administrative expenses  1,987,578   100.00%  1,946,262   100.00%  41,316   2.1%

5

Research and development expenses. Our research