Company: JWEL
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041556
Chunk: 134

Company: Jowell Global Ltd.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 134
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,415                   ( 300,622                 ( 1,139,229  
  Net increase (decrease) in cash and restricted cash                                                                                      934,639                ( 15,467,821                 ( 4,531,625  
  Cash and restricted cash, beginning of year                                                                                            1,250,281                  16,718,102                  21,249,727  
  Cash and restricted cash, end of year                                                          $                                       2,184,920      $            1,250,281      $           16,718,102  
  Reconciliation of cash and restricted cash to the consolidated balance sheets                                                                                                                             
  Cash                                                                                                                                   2,184,920                   1,250,281                  13,718,102  
  Restricted cash                                                                                                                                -                           -                   3,000,000  
  Total cash and restricted cash                                                                 $                                       2,184,920      $            1,250,281      $           16,718,102  
  Supplemental disclosure information:                                                                                                                                                                      
  Cash paid for income tax                                                                       $                                             103      $                2,719      $                    -  
  Cash paid for interest                                                                         $                                          29,721      $               76,049      $              117,070  
  Supplemental non-cash activities:                                                                                                                                                                         
  Cash paid in prior year for purchase of fixed assets                                           $                                          11,919      $               93,153      $                    -  
  Cash paid in prior year for purchase of intangible assets                                      $                                               -      $                    -      $               88,198  
  Lease liabilities arising from obtaining right-of-use assets                                   $                                       2,907,612      $               16,848      $               34,090  

The accompanying notes are an integral part of
these consolidated financial statements.

F-8

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1 - Organization and nature of business

Jowell Global Ltd. (“ Jowell Global”
or the “ Company”) is a limited liability company established under the laws of the Cayman Islands on August 16, 2019 as a
holding company. The Company, through the consolidated Variable Interest Entity (“ VIE”), sells and distributes health and
nutritional supplements, cosmetic products and certain household products sourced from manufacturers and distributors on its e-commerce
platform and mobile applications, and offers an online marketplace that also enables third-party sellers