Company: MKDWW
Filing Date: 2025-04-15
Form Type: 424B3
Source: 0001641172-25-004780
Chunk: 203

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-15
Form: 424B3
Chunk 203
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,776 | ) |
| Exchange rate effect            |     |   |   (17,834 | ) |
| Balance as of December 31, 2023 |     | $ | 3,140,578 |   |
| Current year addition           |     |   |   672,263 |   |
| Expire of net operation loss    |     |   |  (286,411 | ) |
| Exchange rate effect            |     |   |  (171,931 | ) |
| Balance as of December 31, 2024 |     | $ | 3,354,499 |   |

For entities incorporated in Taiwan, net loss can be carried forward for ten years; for entities incorporated in Samoa, net loss can be carried forward indefinitely; for entities incorporated in Mainland China, net loss can be carried forward for five years, while for HNTEs net loss can be carried forward for ten years. As of December 31, 2024, the Company had net operating loss carryforwards of approximately US$9.38million and US$4.83million for entities incorporated in Taiwan and Mainland China, respectively. As of December 31, 2024, net operating loss carryforwards will expire, if unused, in the following amounts:

SCHEDULE OF OPERATING LOSS CARRYFORWARDS

| For the fiscal years ending December 31, |     | Amount |            |
|:-----------------------------------------|:----|:-------|-----------:|
| 2025                                     |     | $      |  1,142,774 |
| 2026                                     |     |        |  1,185,384 |
| 2027                                     |     |        |  1,209,270 |
| 2028                                     |     |        |  1,179,362 |
| 2029                                     |     |        |  1,271,550 |
| Thereafter                               |     |        |  8,229,046 |
| Total                                    |     | $      | 14,217,386 |

The Group evaluates each uncertain tax position
(including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits
associated with the tax positions. As of December 31, 2023 and 2024, the Group did not have any unrecognized uncertain tax positions
and the Group does not believe that its unrecognized tax benefits will change over the next twelve months