Company: MVNC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008388
Chunk: 83

Company: Marvion Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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 payable balances at period-end dates, are presented as follows:

    Nine Months ended September 30,  
    September 30, 2025 
  
    Vendor 
    2025  
    2024  
    Accounts payable 
  
    Vendor A 
     32.23%  
     –  
    $78,922 
  
    Vendor B 
     21.67%  
     –  
     31,102 
  
    Vendor C 
     –  
     26.06%  
     – 
  
    Vendor D 
     –  
     11.20%  
    $– 

These vendors are located
in Hong Kong and China.

    (c)
    Credit risk

Financial instruments that
potentially subject the Company to credit risk consist of cash and cash equivalents and accounts receivable. Cash equivalents are maintained
with high credit quality institutions in Hong Kong, the composition and maturities of which are regularly monitored by the management.
The Hong Kong Deposit Protection Board pays compensation up to a limit of HK$800,000 (equal to $102,811) if the bank in Hong Kong with
which an individual/a company hold its eligible deposit fails.

    (d)
    Economic and political risk

The Company’s major
operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong, as well as the general
state of Hong Kong’s economy may influence the Company’s business, financial condition, and results of operations.  

    (e)
    Exchange rate risk

The Company cannot guarantee
that the current exchange rate will remain steady; therefore there is a possibility that the Company could post the same amount of profit
for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate
of HKD converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without
notice.

    (e)
    Liquidity risk

Liquidity risk is the risk
that the Company will not be able to meet its financial obligations as they become due. The Company’s policy is to ensure that it
has sufficient cash to meet its liabilities when they become due, under both normal and stressed conditions, without incurring unacceptable
losses or risking damage to the Company’s reputation. A key risk in managing liquidity is the degree of uncertainty in the cash
flow projections