Company: NCL
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001575872-25-000691
Chunk: 51

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1F
Chunk 51
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  26,580   54,408 Prepayments  309,187   185,792 Accounts payable  21,534   (209,448)Accruals and other payables  2,095,805   21,485 Unearned revenue  1,716,794   (186,225)Accrued interest  (4,510)  4,066 Operating lease payment  (327,142)  (59,617)Tax payable  (84,804)  (33,786)Due to related party  (444,008)  - Net Cash Provided by (Used in) Operating Activities  (3,845,524)  345,402          CASH FLOWS FROM INVESTING ACTIVITIES        Purchase of equipment  (91,609)  - Payments for construction  (926,962)  (348,795)Net Cash (Used in) Investing Activities  (1,018,571)  (348,795)         CASH FLOWS FROM FINANCING ACTIVITIES        Issuance of common shares  19,560,200   - Stock Subscription  Receivable  (15,020,050)  - Amounts received from related parties  -   430,729 Proceeds from loan payable, non-current  2,765,888   - Proceeds from bank borrowings  -   756,343 Repayments of loan payable, current  (3,528,279)  (1,163,768)Repayment of secured borrowing arrangement  -   (599,664)Settlement of convertible notes  -   (500,000)Net Cash Provided by (Used in) Financing Activities  3,777,759   (1,076,360)         EFFECT OF EXCHANGE RATE CHANGE ON CASH & CASH EQUIVALENTS  882,055   62,280          Net change in cash and cash equivalents  (204,281)  (1,017,473)Cash and cash equivalents, beginning of period  245,164   1,105,214 Cash and cash equivalents, end of period $40,883