OTHER NON-CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2024

Other Liabilities Disclosure [Abstract]

OTHER NON-CURRENT LIABILITIES

13. OTHER NON-CURRENT LIABILITIES

Other non-current liabilities consisted of the following:

	As of December 31,
	2023		2024
Long-term payments of leaseback (1)	$	195,219	$	270,412
Deposit		78,631		36,354
Total	$	273,850	$	306,766

(1) Long-term payments of leaseback represented certain sale-and-lease back arrangements for the purpose of obtaining financing (Note 12 Accrued expenses and other liabilities).

As of December 31, 2024, the payments of leaseback will be due according to the following schedule:

For the fiscal years ended December 31,	Amount
2025	$	1,242,154
2026		270,412
2027 and thereafter		-
Total payments of leaseback and vehicle mortgage loan	$	1,512,566

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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