Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 123

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 123
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 ten years. There is no statute of limitation in the case of tax evasion. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred.

We did not accrue any liability, interest or penalties related to uncertain tax positions in our provision for income taxes line of our consolidated statements of income for the six months ended June 30,2023 and 2024, respectively. We did not expect that our assessment regarding unrecognized tax positions would materially change over the next 12 months.

MKD’sTrend Information

Other than as disclosed herein, we are not aware of any trends, uncertainties, demands, commitments or events as of June 30, 2024 that are reasonably likely to have a material and adverse effect on our revenues, income, profitability, liquidity or capital resources, or that would cause the disclosed financial information to be not necessarily indicative of future results of operations or financial conditions.

| 80 |

Comparison of MKD’sResults of operations for the years ended December 31, 2022 and 2023

The following table sets forth a summary of our consolidated results of operations for the periods indicated. This information should be read together with our consolidated financial statements and related notes included elsewhere in this prospectus. The operating results in any period are not necessarily indicative of the results that may be expected for any future period.

|                                     |     | For the years ended December 31, 
 2022                             
 US$                              |            |   |     | 2023 
 US$  |            |   |     | Change 
 Amount 
 US$    |          |   |     | % |       |    |
|:------------------------------------|:----|:---------------------------------|-----------:|:--|:----|:-----|-----------:|:--|:----|:-------|---------:|:--|:----|:--|------:|:---|
| Revenues                            |     | $                                |  3,153,486 |   |     | $    |  3,670,722 |   |     | $      |  517,236 |   |     |   |  16.4 | %  |
| Cost of revenues                    |     |                                  | (2,134,376 | ) |     |      | (2,996,990 | ) |     |        | (862,614 | ) |     |   |  40.4 | %  |