Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 162

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 19
Chunk 162
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, 2022, 2023 and 2024, depreciation expenses amounted to US$ 299,611 348,485 459,116 4,991 nil nil

8. INTANGIBLE ASSETS, NET

Intangible
assets, net, consisted of the following:

SCHEDULE OF FINITE LIVED INTANGIBLE ASSETS

                                      2023                                   2024                 
                                      As of December 31,                                          
                                      2023                                   2024                 
 ──────────────────────────────────────────────────────────────────────────────────────────────────
  Land used right                     $                         335,263      $           602,703  
  Software                                                      136,300                  127,280  
  Intangible asset, gross                                       136,300                  127,280  
  Less: accumulated amortization                              ( 171,766                ( 206,137  
  Intangible assets, net              $                         299,797      $           523,846  

For
the years ended December 31, 2022, 2023 and 2024, amortization expenses amounted to US$ 20,915 17,270 13,824

SCHEDULE OF ESTIMATED AMORTIZATION EXPENSE

  For the fiscal years ending December 31,        Amount  
 ──────────────────────────────────────────────────────────
                                      2025        12,069  
                                      2026        12,069  
                                      2027        12,062  
                                      2028        12,054  
                                      2029        12,054  
                                Thereafter       463,538  
                                     Total      $523,846  

MKDWELL
TECH INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

9. REAL ESTATE PROPERTIES FOR LEASE, NET

Real
estate properties for lease, net consisted of the followings:

SCHEDULE OF REAL ESTATE PROPERTY FOR LEASE

                                                       2023                                   2024                
                                                       As of December 31,                                         
                                                       2023                                   2024                
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Plant                                                $                       2,294,868      $           65,826  
  Land use right                                                                 293,199                   8,410  
  Less: accumulated depreciation and amortization                              (