INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

8. INTANGIBLE ASSETS, NET

Intangible assets, net, consisted of the following:

	As of December 31,
	2023			2024
Land used right	$	335,263		$	602,703
Software		136,300			127,280
Less: accumulated amortization		(171,766	)		(206,137	)
Intangible assets, net	$	299,797		$	523,846

For the years ended December 31, 2022, 2023 and 2024, amortization expenses amounted to US$20,915, US$17,270 and US$13,824, respectively. Future estimated amortization expenses of intangible assets are as follows:

For the fiscal years ending December 31,	Amount
2025		12,069
2026		12,069
2027		12,062
2028		12,054
2029		12,054
Thereafter		463,538
Total	$	523,846

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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