Company: MVNC
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001683168-25-003814
Chunk: 76

Company: Marvion Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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 (B2C) business opportunities.

Based on the market expertise
of our management team in the furniture industry, and the cross-border ecommerce growth from China to Hong Kong, we are seeking to develop
a furniture online ecommerce platform which can provide a one-stop furniture shopping experience for consumers. According to Statista,
Hong Kong consumers prefer online shopping and the percentage of consumers choosing to shop online will reach 84.1% by 2027. China has
a mature online furniture ecommerce market, with 50% of consumers in China already purchasing their furniture online. We plan to provide
a rich selection of furniture from the already mature China ecommerce market to the consumers in Hong Kong, with integrated logistics,
delivery and furniture assembly services with a simple press of a button on our future furniture ecommerce platform.

We are also looking into servicing
the cross-border furniture delivery services, providing furniture e-commerce players in mainland China with cost effective services to
deliver their products to customers in Hong Kong. With our extensive experience in handling local furniture delivery, our logistic services
can generate higher-margin storage, delivery, and assembly contracts, as a one-stop service. Leveraging existing e-commerce platforms’
markets reduce our costs to get more orders while giving us exposure to 84% of Hong Kong’s online shoppers. (Statista 2027 Forecast).
We are deferring our previous E-Commerce platform plan due to the near-term market volatility due to the global tariff war. We will retain
the infrastructure built and the efforts spent to look for the opportunity to re-enter into this market once market condition becomes
more stable. We still see long term upward opportunities in the E-Commerce market.

 37 

Results of Operations.

Three Months Ended March 31,
2025, as compared to Three Months Ended March 31, 2024

The following table sets forth
selected financial information from our statements of comprehensive income for the three months ended March 31, 2025 and 2024:

    Three Months Ended March 31, 

    2025  
    2024 

    Revenues, net 
    $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)