$NCL

Northann Corp.

CIK:0001923780|SEC Filings
v3.26.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue $ 4,961,778 $ 3,437,727
Cost of revenue 5,456,431 3,047,069
Gross Profit (494,653) 390,658
OPERATING EXPENSES    
Selling 388,664 1,021,999
General and administrative 1,734,321 1,481,255
Research and development 233,754 462,062
Total operating expenses 2,356,739 2,965,316
LOSS FROM OPERATIONS (2,851,392) (2,574,658)
Other Income (Expense)    
Interest income 2 0
Interest expense (43,935) (56,056)
Other expenses 0 (15)
Total other income (expense) (43,933) (56,071)
LOSS BEFORE TAXES (2,895,325) (2,630,729)
Income tax expense 0 0
NET LOSS (2,895,325) (2,630,729)
Other comprehensive income    
Foreign currency translation adjustment 49,665 (206,395)
Total comprehensive loss $ (2,845,660) $ (2,837,124)
Basic earnings per share $ (0.064) $ (0.028)
Diluted earnings per share $ (0.064) $ (0.028)
Weighted average number of shares of common stock outstanding – basic [1],[2] 45,115,306 95,464,000
Weighted average number of shares of common stock outstanding –diluted [1],[2] 45,115,306 95,464,000
[1] Retroactively reflect 1-for-8 reverse stock split effective on October 7, 2025. (Note 16)
[2] Retrospectively restated for the effect of 1-for-8 reverse stock split. (Note 16)