Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 128

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 128
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 provided by financing activities        |     |                                  |  605,695 |   |     |      |  3,135,961 |   |     |        |  2,530,266 |   |     |   |  417.7 | %  |
| Effect of exchange rate changes                  |     |                                  | (124,134 | ) |     |      |     (7,456 | ) |     |        |    116,678 |   |     |   |  (94.0 | )% |
| Net change in cash and cash equivalents          |     |                                  |  (76,430 | ) |     |      |    507,420 |   |     |        |    583,850 |   |     |   | (763.9 | )% |
| Cash and cash equivalents, beginning of the year |     |                                  |  493,438 |   |     |      |    417,008 |   |     |        |    (76,430 | ) |     |   |  (15.5 | )% |
| Cash and cash equivalents, end of the year       |     | $                                |  417,008 |   |     | $    |    924,428 |   |     | $      |    507,420 |   |     |   |  121.7 | %  |

| 84 |

Operating activities

For the year ended December 31, 2022, our net cash used in operating activities was US$0.13 million, which was primarily attributable to (i) our net loss of US$1.22 million, (ii) an adjustment of added non-cash items of a net amount of US$1.01 million, inclusive of depreciation and amortization and other non-cash items, (iii) a decrease of US$0.39 million in prepaid expenses and other current assets due to our effort in reducing prepayments in 2022, and (vi) an increase in the amount of US$0.26 million in accounts receivables associated with a customer who is in default payment and foreign exchange impact in 2022.

For the year ended December 31, 2023, our net cash used in operating activities was US$1.32 million, which was primarily attributable to (i) our net loss of US$2.07 million, (ii) an adjustment of added non-c