| DIAMOND-BAR |
DIAMOND-BAR |
92%
|
Diamond Bar’s revenues accounted for 52.6% and 100% of our total sales for 2025 and 2024, respectively. |
| NOVA-MALAYSIA |
NOVA-MALAYSIA |
92%
|
Nova Malaysia’s revenues accounted for 0.0% of our total sales for 2025 and 2024, respectively. |
| STRATOCORE-SOLUTIONS-LTD |
STRATOCORE-SOLUTIONS-LTD |
92%
|
XMax Inc. agreed to sell to the Purchaser in a private placement 1,958,000 shares of the Company's common stock, par value $0.001 per share |
| BIFMA-ASTM-INTERNATIONAL-CALIFORNIA-AIR-RESOURCE |
BIFMA-ASTM-INTERNATIONAL-CALIFORNIA-AIR-RESOURCE |
62%
|
us internet domain names related to our business, including “novalifestyle.com”, “novaliving.com.my” and “diamondsofa.com.” Research and Development We believe that new product designs are important … |
| BILLIONGOLD-HOLDING-LIMITED |
BILLIONGOLD-HOLDING-LIMITED |
62%
|
e year of 2024. The decrease in cash outflow was attributable primarily to (i) an increase in cash inflow of $4.32 million for advance to suppliers to $4.32 million cash inflow for the year ended Dec… |
| CGF2021-LLC |
CGF2021-LLC |
62%
|
ember 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. In May 2025, the FASB issued ASU 2025-03, Business Combinations (Topic 805) and Consol… |
| DELAWARE-LIMITED-LIABILITY-COMPANY |
DELAWARE-LIMITED-LIABILITY-COMPANY |
62%
|
ember 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. In May 2025, the FASB issued ASU 2025-03, Business Combinations (Topic 805) and Consol… |
| DESIGN-XMAX-CAPITAL-XMAX-ALPHA-HOLDINGS-LTD |
DESIGN-XMAX-CAPITAL-XMAX-ALPHA-HOLDINGS-LTD |
62%
|
rch 31, 2025. 14 Table of Contents The following table sets forth information as to the Company’s suppliers that accounted for 10% or more of the Company’s total purchases, accounts payable and advan… |
| FURNITURE-BVI-NOVA-SAMOA-XMAX-CAPITAL-XMAX-ALPHA |
FURNITURE-BVI-NOVA-SAMOA-XMAX-CAPITAL-XMAX-ALPHA |
62%
|
ut substantial sales volume increases, which are highly uncertain. Furthermore, the Company anticipates future cash flows indicate that the recoverability of goodwill is not reasonably assured. 10 Ta… |
| HK-GROUP-LIMITED |
HK-GROUP-LIMITED |
62%
|
) and Nova Living. Our customers for furniture business principally consist of distributors and retailers with specific geographic territories that deploy middle to high end private label home furnis… |
| LTD-XMAX-BETA-HOLDINGS-LTD-XMAX-DELTA-HOLDING-LT |
LTD-XMAX-BETA-HOLDINGS-LTD-XMAX-DELTA-HOLDING-LT |
62%
|
ut substantial sales volume increases, which are highly uncertain. Furthermore, the Company anticipates future cash flows indicate that the recoverability of goodwill is not reasonably assured. 10 Ta… |
| NOVA-FURNITURE-LIMITED |
NOVA-FURNITURE-LIMITED |
62%
|
80,823,528 $ 504,247 $ ( 53,410,093 ) $ 27,959,568 Balance 41,885,728 41,886 $ 80,823,528 $ 504,247 $ ( 53,410,093 ) $ 27,959,568 F- 6 Table of Contents XMAX INC. AND SUBSIDIARIES CONSOLIDATED STATEM… |
| NOVA-FURNITURE-LTD |
NOVA-FURNITURE-LTD |
62%
|
80,823,528 $ 504,247 $ ( 53,410,093 ) $ 27,959,568 Balance 41,885,728 41,886 $ 80,823,528 $ 504,247 $ ( 53,410,093 ) $ 27,959,568 F- 6 Table of Contents XMAX INC. AND SUBSIDIARIES CONSOLIDATED STATEM… |
| NOVA-LIFESTYLE-INC |
NOVA-LIFESTYLE-INC |
62%
|
80,823,528 $ 504,247 $ ( 53,410,093 ) $ 27,959,568 Balance 41,885,728 41,886 $ 80,823,528 $ 504,247 $ ( 53,410,093 ) $ 27,959,568 F- 6 Table of Contents XMAX INC. AND SUBSIDIARIES CONSOLIDATED STATEM… |
| OFFSHORE-LIMITED |
OFFSHORE-LIMITED |
62%
|
ercial Offshore Limited domiciled in Macao (“Nova Macao”) which was de-registered and liquidated in January 2021 and Nova Living (HK) Group Limited domiciled in Hong Kong (“Nova HK”) which was de-reg… |
| PREAMBLE-CAPITAL-LLC |
PREAMBLE-CAPITAL-LLC |
62%
|
80,823,528 $ 504,247 $ ( 53,410,093 ) $ 27,959,568 Balance 41,885,728 41,886 $ 80,823,528 $ 504,247 $ ( 53,410,093 ) $ 27,959,568 F- 6 Table of Contents XMAX INC. AND SUBSIDIARIES CONSOLIDATED STATEM… |
| SAMOA-XMAX-ALPHA-HOLDINGS-LTD-XMAX-BETA-HOLDINGS |
SAMOA-XMAX-ALPHA-HOLDINGS-LTD-XMAX-BETA-HOLDINGS |
62%
|
ut substantial sales volume increases, which are highly uncertain. Furthermore, the Company anticipates future cash flows indicate that the recoverability of goodwill is not reasonably assured. 10 Ta… |
| STEVENS-RESOURCES-INC |
STEVENS-RESOURCES-INC |
62%
|
80,823,528 $ 504,247 $ ( 53,410,093 ) $ 27,959,568 Balance 41,885,728 41,886 $ 80,823,528 $ 504,247 $ ( 53,410,093 ) $ 27,959,568 F- 6 Table of Contents XMAX INC. AND SUBSIDIARIES CONSOLIDATED STATEM… |
| WORLDWIDE-LIMITED |
WORLDWIDE-LIMITED |
62%
|
ercial Offshore Limited domiciled in Macao (“Nova Macao”) which was de-registered and liquidated in January 2021 and Nova Living (HK) Group Limited domiciled in Hong Kong (“Nova HK”) which was de-reg… |
| XMAX-ALPHA-HOLDINGS-LTD |
XMAX-ALPHA-HOLDINGS-LTD |
62%
|
) and Nova Living. Our customers for furniture business principally consist of distributors and retailers with specific geographic territories that deploy middle to high end private label home furnis… |
| XMAX-BETA-HOLDINGS-LTD |
XMAX-BETA-HOLDINGS-LTD |
62%
|
ercial Offshore Limited domiciled in Macao (“Nova Macao”) which was de-registered and liquidated in January 2021 and Nova Living (HK) Group Limited domiciled in Hong Kong (“Nova HK”) which was de-reg… |
| XMAX-BETA-HOLDINGS-LTD-XMAX-DELTA-HOLDINGS-LTD |
XMAX-BETA-HOLDINGS-LTD-XMAX-DELTA-HOLDINGS-LTD |
62%
|
rch 31, 2025. 14 Table of Contents The following table sets forth information as to the Company’s suppliers that accounted for 10% or more of the Company’s total purchases, accounts payable and advan… |
| XMAX-CAPITAL-LTD |
XMAX-CAPITAL-LTD |
62%
|
) and Nova Living. Our customers for furniture business principally consist of distributors and retailers with specific geographic territories that deploy middle to high end private label home furnis… |
| XMAX-DELTA-HOLDINGS-LTD |
XMAX-DELTA-HOLDINGS-LTD |
62%
|
le forecasts of future economic conditions, and other factors that may affect the Company’s ability to collect from customers. Delinquent account balances are written-off against the allowance for ex… |
| XMAX-SIGMA-HOLDINGS-LTD |
XMAX-SIGMA-HOLDINGS-LTD |
62%
|
ut substantial sales volume increases, which are highly uncertain. Furthermore, the Company anticipates future cash flows indicate that the recoverability of goodwill is not reasonably assured. 10 Ta… |
