Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 212

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 212
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                  | 2,282,645 |     | $    | 2,429,465 |
| Total                                      |     | $                  | 3,920,991 |     | $    | 5,751,997 |

| (1) | During                                                                                                                                  
 the years ended December 31, 2022 and 2023, the Company continuously entered into certain bank borrowings for the purpose of obtaining  
 financing. The bank borrowings were jointly secured by Mr. Ming-Chao Huang and Ms. Shu-Hui Cai, the shareholders of the Company,        
 and pledged by the Company’s property, plant and equipment and real estate properties for lease. The net asset value of property,       
 plant and equipment and real estate properties for lease pledged were US$4,522,250 and US$4,239,550 as of December 31, 2022 and 2023,   
 respectively.                                                                                                                           |
|     | The                                                                                                                                     
 interest expenses were US$211,117 and US$214,627 for the years ended December 31, 2022 and 2023, respectively. The weighted average     
 interest rates of bank borrowings outstanding were 4.4% and 4.6% per annum as of December 31, 2022 and 2023, respectively. The maturity 
 dates of the bank borrowings were from April 2024 to December 2027.                                                                     |

As of December 31, 2023, the Company’s long-term bank borrowings will be due according to the following schedule:

SCHEDULE OF LONG TERM BORROWINGS

| For the fiscal years ended December 31, |     | Amount |           |
|:----------------------------------------|:----|:-------|----------:|
| 2024                                    |     | $      |   596,335 |
| 2025                                    |     |        |   704,444 |
| 2026                                    |     |        |   915,777 |
| 2027                                    |     |        |   809,244 |
| 2028 and thereafter                     |     |        |         - |
| Total long-term bank borrowings         |     | $      | 3,025,800 |

| F-38 |

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, except share and per share data)

12. ACCRUED EXPENSES AND OTHER CURRENT LIAB