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ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF LOSS PER SHARE BEFORE AND AFTER THE RETROSPECTIVE ADJUSTMENTS

The loss per share before and after the retrospective adjustments are as follows.

 

   For the years ended December 31, 
   2022   2023 
   Before   After   Before   After 
   adjustment   adjustment   adjustment   adjustment 
Net loss per share attributable to ordinary shareholders                    
- Basic and diluted  $(0.05)  $(0.09)  $(0.06)  $(0.11)
Weighted average shares used in calculating net loss per share                    
- Basic and diluted   26,042,934    14,761,546    25,280,472    14,329,371 
SCHEDULE OF COMPANY AND ITS MAJOR SUBSIDIARIES

As of December 31, 2024, the Company and its major subsidiaries were as follows:

 

Subsidiaries  Date of incorporation  Place of incorporation  Percentage of ownership   Principal activities
MKD  July 25, 2023  British Virgin Islands       Nonoperating shell company
MKD BVI  March 30, 2023  British Virgin Islands   100.00%  Investment holding
MKD Taiwan  September 26, 2006  Taiwan, PRC   62.36%  Trading, designing and manufacturing industrial embedded system and automotive electronics
MKDWELL (Samoa) Technology Inc. (“MKD Samoa”)  March 19, 2010  Samoa   62.36%  Investment holding
MKDWELL (Shanghai) Technology Ltd. (“MKD Shanghai”)  August 1, 2011  Shanghai, PRC   62.36%  Trading industrial embedded system and automotive electronics
MKD Jiaxing  January 30, 2018  Zhejiang, PRC   77.85%  Trading, designing and manufacturing industrial embedded system and automotive electronics
Cetus Capital  June 7, 2022  Delaware   100%  Blank check company