v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 38,252 $ 24,084
Restricted Time deposit, net 10,493,772
Restricted cash 24,804
Notes receivables 1,443
Accounts receivable, net 687,729 819,458
Inventories, net 267,019 250,885
Prepaid expenses and other current assets, net 3,454,138 87,343
Total current assets 5,394,743 12,649,276
Non-current assets:    
Intangible assets, net 471,410 487,693
Property, plant and equipment, net 4,226,710 4,507,236
Real estate properties for lease, net 637,333 435,876
Operating lease right-of-use assets, net 251,079 279,627
Other non-current assets 38,287 38,594
Total non-current assets 5,624,819 5,749,026
TOTAL ASSETS 11,019,562 18,398,302
Current liabilities:    
Short-term bank borrowings 2,775,199 2,692,654
Accrued expenses and other current liabilities 3,839,909 3,986,268
Accounts payable 767,468 812,300
Amounts due to related parties 3,835,083 2,067,178
Long-term bank borrowings-current portion 87,163 56,381
Convertible Note 604,664
Operating lease liabilities- current 50,672 50,084
Deferred revenue- current 7,837 7,603
Total current liabilities 11,363,331 10,277,132
Non-current liabilities:    
Long-term bank borrowings 2,984,832 2,938,338
Other non-current liabilities 19,381 11,654
Deferred revenue, non-current 50,943 53,230
Operating lease liabilities- non current 200,408 229,543
Total non-current liabilities 3,255,564 3,232,765
TOTAL LIABILITIES 14,618,895 13,509,897
Commitments and Contingencies
Equity (deficit)    
Ordinary shares (no par value; unlimited shares authorized as of December 31, 2025 and June 30, 2026, respectively; 4,701,369 and 5,411,109 ordinary shares issued as of December 31, 2025 and June 30, 2026, respectively; 4,641,369 and 4,198,442   ordinary shares outstanding as of December 31, 2025 and June 30, 2026, respectively) 16,233 14,104
Class A Preferred shares (no par value; 274,367 shares issued and outstanding as of December 31, 2025 and June 30, 2026) [1] 823 823
Additional paid-in capital 27,137,422 21,915,865
Accumulated deficit (22,575,046) (16,303,616)
Accumulated other comprehensive income (65,411) 153,890
Treasury Stock (no par value; nil and 1,212,667 ordinary shares as of December 31, 2025 and June 30, 2026, at cost) (7,019,920)
MKDWELL Tech Inc. shareholders’ equity (deficit) (2,505,899) 5,781,066
Non-controlling interests (1,093,434) (892,661)
Total equity (deficit) (3,599,333) 4,888,405
TOTAL LIABILITIES AND EQUITY (DEFICIT) 11,019,562 18,398,302
Related Party [Member]    
Current assets:    
Amounts due from related parties, net 947,605 947,487
Current liabilities:    
Amounts due to related parties $ 3,835,083 $ 2,067,178
[1] The shares and per share data are presented on a retroactive basis to reflect the Share Combination (Note 1).