Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 116

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 116
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,819 | ) |     |        |   (735,933 | ) |     |   | (885.5 | )% |
| Cash and cash equivalents, beginning of the period |     |                                   |  417,008 |   |     |      |    924,428 |   |     |        |    507,420 |   |     |   |  121.7 | %  |
| Cash and cash equivalents, end of the period       |     | $                                 |  500,122 |   |     | $    |    271,609 |   |     | $      |   (228,513 | ) |     |   |  (45.7 | )% |

Operating activities

For the six months ended June 30, 2023, our net cash used in operating activities was US$0.34 million, which was primarily attributable to (i) our net loss of US$0.97 million, (ii) an adjustment of added non-cash items of a net amount of US$0.34 million, inclusive of depreciation and amortization and other non-cash items, (iii) a net amount of US$0.18 million increase in inventories and accounts payables due to the expansion of our sales scale of in the first half of 2023 and we increase our stock level.

For the six months ended June 30, 2024, our net cash used in operating activities was US$1.53 million, which was primarily attributable to (i) our net loss of US$1.73 million, (ii) an adjustment of added non-cash items of a net amount of US$0.32 million, inclusive of depreciation and amortization and other non-cash items, (iii) a decrease of US$0.15 million in accrued expenses and other current liabilities due to the paying remaining amount of payroll and welfare payable, VAT payable and other miscellaneous items, (iv) a decrease of US$0.10 million in accounts payables due to the combined effect of paying remaining amount of accounts payable on time and a reduced amount of purchasing raw materials, and partially offset by (v) a decrease of US$0.16 million in accounts receivables due to the measures of strengthening accounts receivables collection management and enhanced debt collection efforts.

Investing activities

For the six months ended June 30, 2023, our net cash used in investing activities was US$0.