Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 140

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 19
Chunk 140
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 507,420         ( 330,698  
  Cash and cash equivalents, beginning of the year                                                          493,438           417,008           924,428  
  Cash and cash equivalents, and restricted cash, end of the year                                          $417,008          $924,428          $593,730  
  Reconciliation of cash and restricted cash                                                                                                             
  Cash                                                                                                      417,008           924,428           542,591  
  Restricted cash                                                                                                 -                 -            51,139  
  Total cash and restricted cash in the statement of cash flow                                             $417,008          $924,428          $593,730  
  Supplemental disclosures of cash flow information:                                                                                                     
  Income tax paid                                                                                                 -                 -                 -  
  Interest expense paid                                                                                     216,936           215,073           269,855  
  Supplemental disclosures of non-cash activities:                                                                                                       
  Reclassification of long-term and short-term borrowings                                                   297,220           445,831           458,978  
  Shareholders’ debt offset against payment of shares of a subsidiary                                       100,806                 -                 -  
  Related parties’ debt offset against payment of shares of a subsidiary                                    369,624                 -                 -  
  Related parties’ debt offset against payment of shares of a subsidiary                                  1,627,729                 -                 -  
  Shares issued for the acquisition of non-controlling interest                                                   -           573,032                 -  
  Real estate properties reclassified (to) from property, plant and equipment                             ( 222,322         ( 325,385       ( 1,896,614  
  Real estate properties reclassified (to) from intangible assets                                          ( 19,936          ( 45,158         ( 249,721  

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

  F-6  

MKDWELL
TECH INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

1. ORGANIZATION AND PRINCIPAL ACTIVITIES

MKDWELL
Tech Inc. (“ MKD”) was incorporated under the laws of the British Virgin Islands (“ BVI”) on July 25, 2023. MKDWELL
Limited (“ MKD BVI”) was incorporated in the BVI on March 30,