Company: MKDWW
Filing Date: 2025-02-21
Form Type: F-1/A
Source: 0001493152-25-007784
Chunk: 133

Company: MKDWELL Tech Inc.
Filing Date: 2025-02-21
Form: F-1/A
Chunk 133
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 | 3-5 years |         |
|:------------------------------------|:----|:----------------------|----------:|:----|:-----------------|----------:|:----|:----------|----------:|:----|:----------|--------:|
| Bank borrowing                      |     | $                     | 5,751,997 |     |                  | 3,322,532 |     |           | 1,620,220 |     |           | 809,245 |
| Payments of leaseback               |     |                       |   502,913 |     |                  |   307,694 |     |           |   195,219 |     |           |       - |
| Operating and financing commitments |     |                       |   130,961 |     |                  |    65,480 |     |           |    65,481 |     |           |       - |
| Related party loans                 |     |                       |   341,563 |     |                  |   341,563 |     |           |         - |     |           |       - |
| Vehicle mortgage loan               |     |                       |     7,445 |     |                  |     7,445 |     |           |         - |     |           |       - |
| Total                               |     | $                     | 6,734,879 |     |                  | 4,044,714 |     |           | 1,880,920 |     |           | 809,245 |

Other than those shown above, we did not have any significant capital and other commitments, long-term obligations and guarantees as of December 31, 2023.

Cetus Capital’s Results of Operations

Cetus Capital’s entire activity since inception up to June 30, 2024 was in connection with its IPO and its search for a target for its initial business combination. Cetus Capital will not generate any operating revenues until the closing and completion of its initial business combination, at the earliest.

For the six months ended June 30, 2024, Cetus Capital had net loss of $345,196, which consisted of formation and operating costs of $600,578, loss of extinguishment of debt of amounting to $405,500, franchise tax expense of $32,625 and income tax expense of $175,677 partially offset by interest income on the Trust Account in the amount of $869,184. For the six months ended June 30, 202