Company: MVNC
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001683168-25-003814
Chunk: 2

Company: Marvion Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
 
  
    Additional paid-in capital 
     562,603  
     – 
  
    Accumulated other comprehensive loss 
     (2,385) 
     (2,033)
  
    Accumulated losses 
     (6,063,996) 
     (6,070,973)
  
    Total shareholders’ deficit 
     (5,468,700) 
     (6,041,071)
  
    TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 
    $4,412,871  
    $4,035,441 

See Accompanying Notes to Unaudited
Condensed Consolidated Financial Statements.

 10 

MARVION INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND

COMPREHENSIVE INCOME

(Currency expressed in United States Dollars (“US$”),
except for number of shares)

    For the three months ended March, 

    2025  
    2024 

    Revenues 
    $641,023  
    $269,209 
  
    Cost of revenues 
     (319,004) 
     (144,857)
  
    Gross profit 
     322,019  
     124,352 

    Operating expenses: 

    General and administrative expenses 
     (259,779) 
     (70,699)
  
    Total operating expenses 
     (259,779) 
     (70,699)
  
    Income from operations 
     62,240  
     53,653 

    Other income (expense): 

    Interest income 
     275  
     483 
  
    Interest expense 
     (47,115) 
     – 
  
    Total other (expense) income, net 
     (46,840) 
     483 
  
    Income before income taxes 
     15,400  
     54,136 
  
    Income tax expense 
     (8,423) 
     (13,624)
  
    Net income 
     6,977  
     40,512 

    Other comprehensive (loss) income: 

    Foreign currency adjustment (loss) gain 
     (352) 
     159 
  
    Comprehensive income 
    $6,625