Company: MKDWW
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001641172-25-002610
Chunk: 192

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: F-1
Chunk 192
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 were US$ 6,753, US$ 5,878 and US$ 171 for the years ended December 31,2022, 2023 and 2024, respectively.

As of December 31, 2024, minimum future real estate lease income on non-cancelable leases subsequent to December 31, 2024, in the aggregate and foreach of the five succeeding fiscal years and thereafter, are as follows:

SCHEDULE OF MINIMUM FUTURE REAL ESTATE LEASE INCOME

| For the fiscal years ended December 31, 
 2025                                    
 2026 and thereafter                     |     | Amount |  6,120 
  5,355 |
|:----------------------------------------|:----|:-------|-------:|
| Total                                   |     | $      | 11,475 |

10. LEASES

The Company had entered into an operating lease agreement for factories located in Taiwan, and two financing leases agreements for vehicles.

SCHEDULE OF OPERATING AND FINANCE LEASE RIGHT-OF-USE ASSETS

|                                          |     | As of December 31, 
 2023               |    2023 |     | 2024 |   2024 |
|:-----------------------------------------|:----|:-------------------|--------:|:----|:-----|-------:|
| Operating lease right-of-use assets, net |     | $                  | 125,009 |     | $    | 59,680 |
| Operating lease liabilities, current     |     |                    |  61,099 |     |      | 59,680 |
| Operating lease liabilities, non-current |     |                    |  63,910 |     |      |      - |
| Total operating lease liabilities        |     | $                  | 125,009 |     | $    | 59,680 |

|                                          |     | 2023               
 As of December 31, 
 2023               |       |     | 2024 
 2024 |   |
|:-----------------------------------------|:----|:-------------------|------:|:----|:-----|:--|
| Financing lease right-of-use assets, net |     | $                  | 8,523 |     | $    | - |

| F-23 |

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, except share and per share data)

| 10. | LEASE