Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 160

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 19
Chunk 160
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4. ACCOUNTS AND NOTE RECEIVABLE, NET

Accounts
and note receivable, net consisted of the following:

SCHEDULE OF ACCOUNTS RECEIVABLE

                                       2023                                  2024                
                                       As of December 31,                                        
                                       2023                                  2024                
 ─────────────────────────────────────────────────────────────────────────────────────────────────
  Accounts and note receivable         $                        601,115      $          686,597  
  Less: allowance for credit loss                              ( 39,057                ( 45,819  
  Total                                $                        562,058      $          640,778  

The
Company recorded a credit loss of US$ 179,038 165,288 7,952 No

5. INVENTORIES, NET

Inventories,
net consisted of the following:

SCHEDULE OF INVENTORIES

                                  2023                                   2024                 
                                  As of December 31,                                          
                                  2023                                   2024                 
 ──────────────────────────────────────────────────────────────────────────────────────────────
  Finished goods                  $                         142,183      $            21,729  
  Work in progress                                          191,569                  127,614  
  Raw materials                                             183,149                  245,315  
  Less: inventory write down                              ( 153,938                ( 103,629  
  Total                           $                         362,963      $           291,029  

The
write-down made for inventories were US$ 310,159 153,938 103,629

6. PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET

Prepayments
and other current assets, net consisted of the following:

SCHEDULE OF PREPAYMENT AND OTHER CURRENT ASSETS

                                  2023                                 2024               
                                  As of December 31,                                      
                                  2023                                 2024               
 ──────────────────────────────────────────────────────────────────────────────────────────
  loans to third parties (1)      $                       581,229      $         500,986  
  Deductible input VAT                                    225,735                137,647  
  Prepaid expense                                          13,073                 19,179  
  Advance to suppliers                                     20,682                  4,856  
  Advance to employee                                         109                      -  
  Deposit                                                  34,291                      -  
  Others