Company: NCL
Filing Date: 2025-07-01
Form Type: 10-K
Source: 0001575872-25-000433
Chunk: 63

Company: Northann Corp.
Filing Date: 2025-07-01
Form: 10-K
Item: Item 13
Chunk 63
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	Prepayments

			(179,546

			)

			(74,835

			)

			Inventory

			649,877

			1,916,878

			Right of use assets

			(1,734,886

			)

			(69,140

			)

			Accounts payable

			(41,968

			)

			(2,381,174

			)

			Accruals and other payables

			(711,533

			)

			1,827,143

			Unearned revenue

			(1,084,484

			)

			1,084,197

			Payroll payable

			5,888

			51,483

			Taxes payable

			(7,362

			)

			538,403

			Accrued interest

			9,234  

			444

			Operating leases

			1,734,886

			69,140

			Net cash used in operating activities

			(1,233,491

			)

			(4,678,716

			)

			Cash flows from investing activities

			Payments for construction

			(296,363

			)

			-

			Net cash used in investing activities

			(296,363

			)

			-

			Cash flows from financing activities

			Proceeds from bank borrowings

			726,099

			-

			Payment of  Bank Loan

			(1,704,697

			)

			(1,307,808

			)

			Amount received from secured borrowing arrangement

			-

			599,664

			Payment of secured borrowing arrangement

			(844,900

			)

			-

			Settlement of convertible notes

			(500,000
			
			)

			-

			Amounts received from related party

			1,136,913

			118,883

			Net proceeds from issuance of ordinary shares upon IPO

			-

			5,965,750

			Net cash (used in) provided by financing activities

			(1,186,585

			)

			5,376,489

			Effect of