The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -2,895,325 | 2,017,619 | -8,799,313 | -2,261,558 |
| Depreciation and amortization | 1,075,036 | 163,940 | 165,197 | 84,876 |
| Share-based compensation | 458,700 | 2,391,532 | 6,344,383 | 0 |
| Impairment of goodwill | - | 0 | - | - |
| Income from settlement of convertible notes | - | 0 | 0 | 0 |
| Lease expense | 111,712 | 111,712 | 153,470 | 173,672 |
| Tax payable write-off | - | 0 | 0 | -539,505 |
| Accounts receivable | 335,528 | 1,052,677 | -299,724 | -874,012 |
| Inventory | -142,449 | 2,679,699 | -50,766 | 1,147,958 |
| Other receivable | -22,444 | -847 | -17,311 | 36,460 |
| Prepayments | 127,112 | 35,005 | -214,258 | -175,404 |
| Accounts payable | 1,598,187 | -130,119 | 198,969 | -1,258,877 |
| Accruals and other payables | 34,094 | -625,857 | 854,775 | 40,954 |
| Unearned revenue | -674,981 | -245,309 | 830,457 | 886,337 |
| Accrued interest | 0 | 0 | 0 | 0 |
| Operating lease payment | -111,712 | -111,712 | -153,470 | -87,378 |
| Payroll payable | - | - | - | 76,431 |
| Tax payable | -40,844 | 43,959 | -9,720 | 560,484 |
| Due to related party | -658,281 | -1,684,946 | -170,400 | -273,608 |
| Net cash (used in) operating activities | -1,401,161 | -1,835,715 | -15,589 | -2,819,468 |
| Purchase of equipment | 3,429 | 8,680 | 74,094 | 17,515 |
| (payments for ) or transfer from construction | - | - | - | 767,725 |
| Payments for construction | 207,150 | -135,483 | 777,920 | - |
| Net cash (used in) investing activities | -210,579 | 126,803 | -233,331 | -636,198 |
| Settlement of convertible notes | - | - | - | 0 |
| Issuance of common stocks | 0 | 12,706,603 | -11,427,200 | -4,800,850 |
| Repayments of bank loan | - | - | - | 89,212 |
| Stock subscription receivable | 826,700 | 16,395,050 | -11,427,200 | -3,592,850 |
| Amounts received from related parties | 0 | 0 | 0 | 263,229 |
| Proceeds from loan payable, non-current | - | 12,249 | 2,765,888 | - |
| Proceeds from bank borrowings | 0 | 0 | 0 | - |
| Repayments of loan payable, current | 8,406 | 22,786 | 3,528,279 | - |
| Repayment of secured borrowing arrangement | - | 0 | 0 | - |
| Settlement of convertible notes | - | 0 | 0 | - |
| Net cash provided by (used in) financing activities | 818,294 | 3,677,910 | -673,179 | 1,302,741 |
| Effect of exchange rate change on cash & cash equivalents | 2,474 | -979,269 | -99,057 | 1,348,660 |
| Net change in cash and cash equivalents | -790,972 | 989,729 | -1,021,156 | -804,265 |
| Cash and cash equivalents, beginning of period | 1,030,612 | 40,883 | 245,164 | - |
| Cash and cash equivalents, end of period | 239,641 | 1,030,612 | 40,883 | - |
Northann Corp. (NCL)
Northann Corp. (NCL)