Company: MVNC
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001683168-25-003814
Chunk: 28

Company: Marvion Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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548 
  
    Vendor B 
    $44,259  
     13.87%  
    $– 

    $127,121  
     39.85%  
    $35,548 

    Three Months ended March 31, 2024  
    March 31, 2024 
  
    Vendor 
    Cost of revenues  
    Percentage cost of revenues  
    Expenses payable 
  
    Vendor B 
    $45,167  
     31.18%  
    $– 

These vendors are located in
Hong Kong and China.

     31 

    (c)
    Credit risk

Financial instruments that potentially
subject the Company to credit risk consist of cash and cash equivalents and accounts receivable. Cash equivalents are maintained with
high credit quality institutions in Hong Kong, the composition and maturities of which are regularly monitored by the management. The
Hong Kong Deposit Protection Board pays compensation up to a limit of HK$800,000 (equal to $102,840) if the bank in Hong Kong
with which an individual/a company hold its eligible deposit fails.

    (d)
    Economic and political risk

The Company’s major operations
are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong, as well as the general state of
Hong Kong’s economy may influence the Company’s business, financial condition, and results of operations.  

    (e)
    Exchange rate risk

The Company cannot guarantee
that the current exchange rate will remain steady; therefore there is a possibility that the Company could post the same amount of profit
for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate
of HKD converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without
notice.

    (e)
    Liquidity risk

Liquidity risk is the risk that
the Company will not be able to meet its financial obligations as they become due. The Company’s policy is to ensure that it has
sufficient cash to meet its liabilities when they become due, under both normal and stressed conditions, without incurring unacceptable
losses or risking damage to the Company’s reputation. A key risk in managing liquidity is the degree of uncertainty in the cash
flow projections. If future cash flows are fairly uncertain, the liquidity risk increases.

18.        COMMITMENTS