Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 211

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 211
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299 |
| Total financing lease expenses |     | $                                | 29,313 |     | $    | 26,449 |
| Total lease expenses           |     | $                                | 97,541 |     | $    | 92,014 |

For the years ended December 31, 2022 and 2023, cash paid for operating leases were US$ 67,290and US$ 64,361, and financing leases were US$ 29,038and US$ 18,398, respectively. The disposal gain was niland US$ 18,994for the years ended December 31, 2022 and 2023, respectively.

| F-37 |

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

| 10. | LEASES      
 - Continued |

Supplemental balance sheet information related to leases was as follows:

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES

|                                        |     | As of December 31, |           |   |     |      |           |   |
|                                        |     |               2022 |           |   |     | 2023 |           |   |
| Weighted average discount rate:        |     |                    |           |   |     |      |           |   |
| Operating lease                        |     |                    |      4.51 | % |     |      |      4.51 | % |
| Financing lease                        |     |                    |      4.65 | % |     |      |         - |   |
| Weighted average remaining lease term: |     |                    |           |   |     |      |           |   |
| Operating lease                        |     |                    | 36 months |   |     |      | 24 months |   |
| Financing lease                        |     |                    |  8 months |   |     |      |        -* |   |

As of December 31, 2023, the future minimum rent payable under non-cancelable operating and financing leases were:

SCHEDULE OF FUTURE MINIMUM RENT PAYABLE UNDER NON-CANCELABLE OPERATING AND FINANCING LEASES

| For the fiscal years ended December 31,                          |     | Amount |         |   |
|:-----------------------------------------------------------------|:----|:-------|--------:|:--|
| 2024