Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 175

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 19
Chunk 175
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,                                
                                                                             2022                                
  Percentage of the Company’s total revenue                                                                      
  Customer A                                                                           - *       - *       20.3  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Customer B                                                                           23.3      11.4      17.5  
  Customer C                                                                           13.9      - *       10.2  
  Customer D                                                                           19.5      52.1      - *   
  Customer E                                                                           - *       13.2      - *   

The
following table sets forth a summary of single customers who represent 10% or more of the Company’s total accounts receivable:

                                                       For the years ended December 31,                                                  
                                                                                   2022               2023               2024            
  Percentage of the Company’s accounts receivable                                                                                        
  Customer A                                                                                 - *                - *                43.1  
  Customer F                                                                                 - *                - *                17.2  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

The
following table sets forth a summary of single suppliers who represent 10% or more of the Company’s total purchases:

                                                  For the years ended December 31,                                                  
                                                                              2022               2023                2024           
  Percentage of the Company’s total purchase                                                                                        
  Supplier A                                                                            - *                24.0                - *  
  Supplier B                                                                            - *                11.3                - *  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

The
following table sets forth a summary of single suppliers who represent 10% or more of the Company’s total accounts payables:

                                                    For the years ended December 31,                                                  
                                                                                2022               2023               2024            
  Percentage of the Company’s accounts payable                                                                                        
  Supplier C                                                                              - *                - *                16.4  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

MKDWELL
TECH INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

21. COMMITMENTS AND CONTINGENCIES

The Company follows subtopic 450-20 of the FASB Accounting
Standards Codification to report accounting for contingencies. Certain conditions may