Company: NCL
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001575872-25-000540
Chunk: 76

Company: Northann Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1F
Chunk 76
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4%  93,339   591.9%Advertising fee  19,516   3.8%  44,662   23.9%  (25,146)  -56.3%Travel fee  12,816   2.5%  26,698   14.3%  (13,882)  -52.0%Total selling expenses  517,588   100.0%  187,062   100.0%  330,526   176.7%

General and administrative expenses. As shown below, our general and administrative expenses consist primarily of compensation and benefits to our general management, finance and administrative staff, professional fees and other expenses incurred in connection with general operations. Our general and administrative expenses decreased by $954,903 to $ 506,322 for the three months ended June 30, 2025, from $1,461,225 for the same period in 2024. The decrease was mainly caused by a decrease in salary and social insurance of $1,198,513, and other items with minor changes, partly offset by an increase in service fee of $254,086.

  Three Months Ended June 30,    2025   2024   Fluctuation   Amount  Proportion  Amount  Proportion  Amount  Proportion Salary and Social Insurance  911   0.2%  1,199,424   82.2%  (1,198,513)  -99.9%Service fees  377,312   74.5%  123,226   8.4%  254,086   206.2%Royalty fee  5,986   1.2%  6,034   0.4%  (48)  -0.8%Entertainment expenses  11,744   2.3%  12,769   0.9%  (1,025)  -8.0%Taxation  19,836   3.9%  19,664   1.3%  172   0.9%Depreciation and amortization  17,700   3.5%  23,959   1.