Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 185

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 185
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 | Principal activities                                                                       
 Investment holding                                                                         |
|:------------------------------------------------------------------|:----|:----------------------|:----|:-----------------------|:----|:------------------------|-------:|:--|:----|:-------------------------------------------------------------------------------------------|
| MKD Taiwan                                                        |     | September 26, 2006    |     | Taiwan, PRC            |     |                         |  62.36 | % |     | Trading, designing and manufacturing industrial embedded system and automotive electronics |
| MKDWELL (Samoa) Technology Inc. (“MKD Samoa”)                     |     | March 19, 2010        |     | Samoa                  |     |                         |  62.36 | % |     | Investment holding                                                                         |
| MKDWELL (Shanghai) Technology Ltd. (“MKD Shanghai”)               |     | August                
 1, 2011               |     | Shanghai, PRC          |     |                         |  62.36 | % |     | Trading industrial embedded system and automotive electronics                              |
| MKDWELL (Jiaxing) Electronic Technology Co., Ltd. (“MKD Jiaxing”) |     | January 30, 2018      |     | Zhejiang, PRC          |     |                         |  77.85 | % |     | Trading, designing and manufacturing industrial embedded system and automotive electronics |

| F-23 |

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

2. GOING CONCERN

The Company’s consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and liquidation of liabilities during the normal course of operations. The Company incurred net losses of US$ 1,217,086and US$ 2,068,061for the years ended December 31, 2022 and 2023, respectively. Net cash used in operating activities were US$ 129,863and US$ 1,323,384for the years ended December 31, 2022 and 2023, respectively. As of December 31, 2023, the Company’s accumulated deficits were US$ 11,213,083, with a working capital deficit of US$ 3,329,949. The Company’s operating results for future periods are subject to numerous uncertainties and it is uncertain if the Company will be able to reduce or eliminate its net losses for