Company: MVNC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008388
Chunk: 98

Company: Marvion Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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5, and 2024:

    Nine Months Ended September 30, 

    2025  
    2024 
  
    Net cash provided by operating activities 
    $99,343  
    $118,419 
  
    Net cash used in investing activities 
    $(826,413) 
    $(707,869)
  
    Net cash provided by financing activities 
    $788,965  
    $610,321 

Net Cash Provided by
Operating Activities

For the nine months ended
September 30, 2025, net cash provided by operating activities was $99,343, which consisted primarily of net income of $119,876, an increase
in accrued liabilities and other payables of $14,368, an increase in accounts payable of $26,557, an increase in income tax payable of
$29,701 and adjusted for non-cash items of depreciation for property and equipment of $164,547, amortization of right-of-use assets of
$89,524, interest expenses on promissory notes payable of $164,965 and interest expenses on lease liabilities of $56,675, offset by an
increase of account receivables, net of $255,899, an increase in prepaid expenses and other current assets of $2,542, a decrease of operating
lease liabilities of $138,429 and adjusted for non-cash items of gain on debt extinguishment of $170,000.

For the nine months ended
September 30, 2024, net cash provided by operating activities was $118,419, which consisted primarily of an increase in accrued liabilities
and other payables of $471,225 and an increase in income tax payable of $36,045, and adjusted for non-cash items of depreciation for property
and equipment of $55,658, amortization of right-of-use assets of $89,408, interest expenses on promissory notes payable of $35,974 and
interest expenses on operating lease liabilities of $60,648, offset by a net loss of $300,458, a decrease of operating lease liabilities
of $125,961, an increase in account receivables, net of $136,498, an increase in prepaid expenses and other current assets of $13,597,
and a decrease in account payables of $54,025.

Net Cash Used In Investing
Activities

For the nine months ended
September 30, 2025, and 202