Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 215

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 215
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2,605,009and US$ 2,826,537, respectively, and the Company has provided a valuation allowance of US$ 2,963,591and US$ 3,140,578, respectively as it has concluded that it is more likely than not that these deferred tax assets would not be utilized in the future.

The movement of valuation allowance provision for deferred tax assets is as follows:

SCHEDULE OF MOVEMENT OF VALUATION ALLOWANCE PROVISION FOR DEFERRED TAX ASSETS

| Balance as of December 31, 2021 |     | $ | 3,093,005 |   |
| Current year addition           |     |   |   311,190 |   |
| Expire of NOL                   |     |   |  (152,259 | ) |
| Exchange rate effect            |     |   |  (288,345 | ) |
| Balance as of December 31, 2022 |     | $ | 2,963,591 |   |
| Current year addition           |     |   |   363,597 |   |
| Expire of NOL                   |     |   |  (168,776 | ) |
| Exchange rate effect            |     |   |   (17,834 | ) |
| Balance as of December 31, 2023 |     | $ | 3,140,578 |   |

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, 2023, the Company had net operating loss carryforwards of approximately US$ 9,826,694, US$ 282and US$ 3,316,255for entities incorporated in Taiwan, Samoa and Mainland China, respectively. As of December 31, 2023, net operating loss carryforwards will expire, if unused, in the following amounts:

SCHEDULE OF OPERATING LOSS CARRYFORWARDS

| For the fiscal years ended December 31, |     | Amount |            |
|:----------------------------------------|:----|:-------|-----------:|
| 2024                                    |     | $      |    705,913 |
| 2025                                    |     |        |  1,