Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 173

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 173
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 impairment loss, which is the excess of carrying amount over the fair value of the assets, using the expected future discounted cash flows. No impairments of long-lived assets were recognized as of December 31, 2023 and June 30, 2024.

(i) Revenue recognition

The following table disaggregates the Company’s revenue for the six months ended June 30, 2023 and 2024:

SCHEDULE OF DISAGGREGATION OF REVENUE

| By                               
 revenue type                     |     | 2023                          
 For                           
 the six months ended June 30, 
 2023                          
 (Unaudited)                   |           |     | 2024 
 2024 |         |
|:---------------------------------|:----|:------------------------------|----------:|:----|:-----|--------:|
| Sales of manufactured electronic 
 products                         |     | $                             | 1,135,324 |     | $    | 589,231 |
| Commissioned processing service  |     |                               |   740,063 |     |      |  72,020 |
| Rental income                    |     |                               |   158,012 |     |      | 113,952 |
| Others                           |     |                               |    63,973 |     |      |  35,838 |
| Total                            |     | $                             | 2,097,372 |     | $    | 811,041 |

Advance from customers consists of payments received related to unsatisfied performance obligations at the end of the period. The advance from customers amounted to US$ 304,489and US$ 303,898as of December 31, 2023 and June 30, 2024, respectively.

SCHEDULE OF CURRENCY EXCHANGE RATES

| F-9 |

MKDWELL TECH INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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

4. ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:

SCHEDULE OF ACCOUNTS RECEIVABLE

|                              |     | December 
 31,      
 2023     |         |   |     | June       
 30,        
 2024       |         |   |
|:-----------------------------|:----|:---------|--------:|:--|:----|:-----------|--------:|:--|
|                              |