The latest financial statement is for the quarter ending 2025-09-30.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|
| Allowance for doubtful accounts | - | - | 0 |
| Net loss | -8,799,313 | -2,261,558 | -2,630,729 |
| Depreciation and amortization | 165,197 | 84,876 | 247,692 |
| Share-based compensation | 6,344,383 | 0 | 816,750 |
| Income from settlement of convertible notes | 0 | 0 | - |
| Lease expense | 153,470 | 173,672 | - |
| Tax payable write-off | 0 | -539,505 | - |
| Accounts receivable | -299,724 | -874,012 | 641,101 |
| Inventory | -50,766 | 1,147,958 | 345,338 |
| Right of use assets | - | - | -86,294 |
| Other receivable | -17,311 | 36,460 | -45,729 |
| Prepayments | -214,258 | -175,404 | 80,475 |
| Accounts payable | 198,969 | -1,258,877 | 1,081,442 |
| Payroll payable | - | 76,431 | -64,435 |
| Accruals and other payables | 854,775 | 40,954 | 1,200,076 |
| Unearned revenue | 830,457 | 886,337 | 0 |
| Accrued interest | 0 | 0 | -4,510 |
| Operating lease payment | -153,470 | -87,378 | -86,294 |
| Tax payable | -9,720 | 560,484 | -635,568 |
| Due to related party | -170,400 | -273,608 | - |
| Net cash provided by (used in) operating activities | -15,589 | -2,819,468 | -1,010,467 |
| Purchase of equipment | 74,094 | 17,515 | - |
| (payments for ) or transfer from construction | - | 767,725 | - |
| Payments for construction | 777,920 | - | 149,042 |
| Proceeds from (repayment) ofbank loan | - | - | 79,276 |
| Net cash (used in) investing activities | -233,331 | -636,198 | -149,042 |
| Payment of secured borrowing arrangement | - | - | 0 |
| Settlement of convertible notes | - | 0 | - |
| Issuance of common shares | -11,427,200 | -4,800,850 | -3,332,150 |
| Repayments of bank loan | - | 89,212 | - |
| Stock subscriptionreceivable | -11,427,200 | -3,592,850 | - |
| Amounts received from related parties | 0 | 263,229 | -263,229 |
| Proceeds from loan payable, non-current | 2,765,888 | - | - |
| Proceeds from bank borrowings | 0 | - | - |
| Repayments of loan payable, current | 3,528,279 | - | - |
| Repayment of secured borrowing arrangement | 0 | - | - |
| Settlement of convertible notes | 0 | - | - |
| Net cash provided by (used in) financing activities | -673,179 | 1,302,741 | 3,148,197 |
| Effect of exchange rate change on cash & cash equivalents | -99,057 | 1,348,660 | -367,548 |
| Net change in cash and cash equivalents | -1,021,156 | -804,265 | 1,621,140 |
| Cash and cash equivalents at beginning of period | 245,164 | - | - |
| Cash and cash equivalents at end of period | 40,883 | - | - |
Northann Corp. (NCL)
Northann Corp. (NCL)