Group 1 - The core viewpoint of the article highlights the financial performance and market position of Nova LifeStyle, Inc., indicating a positive growth trajectory in revenue despite a net loss [1] - As of March 31, 2025, Nova LifeStyle reported total revenue of $2.6357 million, reflecting a year-over-year increase of 10.91% [1] - The company's net profit attributable to shareholders was -$338,900, which represents a significant year-over-year improvement of 76.83% [1] Group 2 - Nova LifeStyle, Inc. was established on September 9, 2009, in Nevada and operates as a manufacturer of contemporary residential furniture [1] - The company focuses on current trends and aims to integrate design elements into its product line, offering both standalone and complete room furniture solutions [1] - Through its global network, Nova LifeStyle also sells high-quality bedding components via exclusive third-party manufacturing partners [1]

[Filing Information](index=1&type=section&id=Filing%20Information) This section details the company's registration, stock listing, filer status, and outstanding shares [Registrant Details](index=1&type=section&id=Registrant%20Details) This section details Nova LifeStyle, Inc.'s incorporation, stock exchange listing, filer status, and outstanding common shares - Company Name: **NOVA LIFESTYLE, INC.**[2](index=2&type=chunk) - State of Incorporation: **Nevada**[2](index=2&type=chunk) Securities Registered | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | :---------------- | :---------------- | :---------------------------------------- | | Common Stock, par value $0.001 per share | NVFY | Nasdaq Stock Market | Filer Status | Filer Status | Designation | | :-------------------- | :---------------- | | Large accelerated filer | ☐ | | Accelerated filer | ☐ | | Non-accelerated filer | ☒ | | Smaller reporting company | ☒ | | Emerging growth company | ☐ | - **13,771,322 shares** of common stock outstanding as of August 12, 2025[7](index=7&type=chunk) [PART I. FINANCIAL INFORMATION](index=4&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This part presents the unaudited condensed consolidated financial statements and management's discussion and analysis [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents Nova LifeStyle, Inc.'s unaudited condensed consolidated financial statements and notes for periods up to June 30, 2025 [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This section provides the unaudited condensed consolidated balance sheets as of June 30, 2025, and December 31, 2024 Condensed Consolidated Balance Sheets (Unaudited) | Assets | June 30, 2025 ($) | December 31, 2024 ($) | | :----------------------------------- | :---------------- | :-------------------- | | **Current Assets** | | | | Cash and cash equivalents | 468,825 | 161,902 | | Accounts receivable, net | 35,754 | 36,371 | | Advance to suppliers | 7,875,174 | 4,689,148 | | Inventories | 1,578,678 | 2,824,353 | | Prepaid expenses | 262,708 | 202,294 | | Other receivables | 20,706 | 17,415 | | **Total Current Assets** | **10,241,845** | **7,931,483** | | **Non-current Assets** | | | | Plant, property and equipment, net | 235,451 | 252,186 | | Operating lease right-of-use assets, net | 1,056,170 | 1,389,796 | | Finance lease right of use assets, net | 47,514 | 69,700 | | Intangible assets, net | 427 | 3,109 | | Lease deposit | 53,097 | 52,523 | | Goodwill | - | 218,606 | | **Total Non-current Assets** | **1,392,659** | **1,985,920** | | **Total Assets** | **11,634,504** | **9,917,403** | | | | | | **Liabilities and Stockholders' Equity** | | | | **Current Liabilities** | | | | Accounts payable | 159,144 | 728,546 | | Operating lease liabilities, current | 742,255 | 716,602 | | Finance lease liabilities - current | 21,922 | 32,585 | | Advance from customers | 357,682 | 413,583 | | Loan from shareholders | 381,436 | 385,147 | | Accrued liabilities and other payables | 987,465 | 1,683,033 | | Other loan | 3,505 | 13,424 | | Income tax payable | 1,832,736 | 1,852,399 | | **Total Current Liabilities** | **4,486,145** | **5,825,319** | | **Non-current Liabilities** | | | | Other Loan | 210,185 | 197,828 | | Operating lease liabilities, non-current | 361,149 | 730,291 | | Finance lease liabilities - non-current | 30,304 | 40,451 | | **Total Non-current Liabilities** | **601,638** | **968,570** | | **Total Liabilities** | **5,087,783** | **6,793,889** | | **Stockholders' Equity** | | | | Common stock | 13,773 | 7,301 | | Additional paid-in capital | 56,657,801 | 52,585,582 | | Accumulated other comprehensive income | 495,440 | 522,146 | | Accumulated deficits | (50,620,293) | (49,991,515) | | **Total Stockholders' Equity** | **6,546,721** | **3,123,514** | | **Total Liabilities and Stockholders' Equity** | **11,634,504** | **9,917,403** | [Condensed Consolidated Statements of Loss and Comprehensive Loss](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Loss%20and%20Comprehensive%20Loss) This section presents unaudited condensed consolidated statements of loss and comprehensive loss for the periods ended June 30, 2025 and 2024 Condensed Consolidated Statements of Loss and Comprehensive Loss (Unaudited) | Metric | Six Months Ended June 30, 2025 ($) | Six Months Ended June 30, 2024 ($) | Three Months Ended June 30, 2025 ($) | Three Months Ended June 30, 2024 ($) | | :----------------------------------- | :--------------------------------- | :--------------------------------- | :----------------------------------- | :----------------------------------- | | Net Sales | 5,191,941 | 5,064,926 | 2,556,223 | 2,688,533 | | Cost of Sales | 2,703,660 | 2,853,799 | 1,272,176 | 1,493,566 | | Gross Profit | 2,488,281 | 2,211,127 | 1,284,047 | 1,194,967 | | Total Operating Expenses | 2,878,135 | 4,197,182 | 1,480,541 | 1,692,631 | | Loss From Operations | (389,854) | (1,986,055) | (196,494) | (497,664) | | Total Other Expenses, Net | (302,181) | (35,314) | (94,410) | (60,949) | | Loss Before Income Taxes | (692,035) | (2,021,369) | (290,904) | (558,613) | | Income Tax Benefit (Expense) | 63,257 | (4,876) | 997 | (4,876) | | Net Loss | (628,778) | (2,026,245) | (289,907) | (563,489) | | Other Comprehensive Loss (Foreign currency translation) | (26,706) | (82,600) | (23,731) | (909) | | Net Loss and Comprehensive Loss | (655,484) | (2,108,845) | (313,638) | (564,398) | | Weighted average shares outstanding - Basic and Diluted | 11,766,186 | 2,387,653 | 13,729,976 | 2,538,792 | | Net loss per share of common stock - Basic and Diluted | (0.05) | (0.85) | (0.02) | (0.22) | [Condensed Consolidated Statements of Stockholders' Equity](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) This section presents the unaudited condensed consolidated statements of stockholders' equity for the periods ended June 30, 2025 and 2024 Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - Three Months Ended June 30, 2025 | Metric | Shares | Amount ($) | Additional Paid-in Capital ($) | Accumulated Other Comprehensive Income ($) | (Accumulated Deficits) ($) | Total Stockholders' Equity ($) | | :--------------------------- | :---------- | :--------- | :----------------------------- | :----------------------------------------- | :------------------------- | :----------------------------- | | Balance at beginning of period | 13,708,822 | 13,709 | 56,572,145 | 519,171 | (50,330,386) | 6,774,639 | | Stock issued to employees | 1,500 | 1 | 1,469 | - | - | 1,470 | | Stock issued to consultants | 62,500 | 63 | 84,187 | - | - | 84,250 | | Foreign currency translation loss | - | - | - | (23,731) | - | (23,731) | | Net loss | - | - | - | - | (289,907) | (289,907) | | Balance at end of period | 13,772,822 | 13,773 | 56,657,801 | 495,440 | (50,620,293) | 6,546,721 | Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - Three Months Ended June 30, 2024 | Metric | Shares | Amount ($) | Additional Paid-in Capital ($) | Other Comprehensive Income ($) | (Accumulated Deficits) ($) | Total Stockholders' Equity ($) | | :--------------------------- | :---------- | :--------- | :----------------------------- | :----------------------------- | :------------------------- | :----------------------------- | | Balance at beginning of period | 2,345,179 | 2,346 | 45,407,744 | 439,734 | (45,892,566) | (42,742) | | Stock issued to employees | 1,500 | 1 | 3,224 | - | - | 3,225 | | Stock issued to consultants | 112,500 | 113 | 222,010 | - | - | 222,123 | | Stock issued to designer | 13,248 | 12 | 29,988 | - | - | 30,000 | | Acquisition of AI-Calculation Engine | 200,000 | 200 | 399,800 | - | - | 400,000 | | Foreign currency translation loss | - | - | - | (909) | - | (909) | | Net loss | - | - | - | - | (563,489) | (563,489) | | Balance at end of period | 2,672,427 | 2,672 | 46,062,766 | 438,825 | (46,456,055) | 48,208 | Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - Six Months Ended June 30, 2025 | Metric | Shares | Amount ($) | Additional Paid-in Capital ($) | Other Comprehensive Income ($) | (Accumulated Deficits) ($) | Total Stockholders' Equity ($) | | :--------------------------- | :---------- | :--------- | :----------------------------- | :----------------------------- | :------------------------- | :----------------------------- | | Balance at beginning of period | 7,301,206 | 7,301 | 52,585,582 | 522,146 | (49,991,515) | 3,123,514 | | Stock issued to employees | 3,000 | 3 | 2,938 | - | - | 2,941 | | Stock issued to consultants | 125,000 | 126 | 167,374 | - | - | 167,500 | | Stock issued to creditor | 434,000 | 434 | 216,566 | - | - | 217,000 | | Stock issued to suppliers | 4,909,616 | 4,909 | 3,186,341 | - | - | 3,191,250 | | Stock issued to an investor | 1,000,000 | 1,000 | 499,000 | - | - | 500,000 | | Foreign currency translation loss | - | - | - | (26,706) | - | (26,706) | | Net loss | - | - | - | - | (628,778) | (628,778) | | Balance at end of period | 13,772,822 | 13,773 | 56,657,801 | 495,440 | (50,620,293) | 6,546,721 | Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - Six Months Ended June 30, 2024 | Metric | Shares | Amount ($) | Additional Paid-in Capital ($) | Other Comprehensive Income ($) | (Accumulated Deficits) ($) | Total Stockholders' Equity ($) | | :--------------------------- | :---------- | :--------- | :----------------------------- | :----------------------------- | :------------------------- | :----------------------------- | | Balance at beginning of period | 1,917,706 | 1,918 | 44,402,821 | 521,425 | (44,429,810) | 496,354 | | Stock issued to employees | 3,000 | 3 | 6,447 | - | - | 6,450 | | Stock issued to consultants | 225,000 | 225 | 444,024 | - | - | 444,249 | | Stock issued to designer | 26,721 | 26 | 59,974 | - | - | 60,000 | | Acquisition of AI-Calculation Engine | 300,000 | 300 | 749,700 | - | - | 750,000 | | Stock issued to an investor | 200,000 | 200 | 399,800 | - | - | 400,000 | | Foreign currency translation loss | - | - | - | (82,600) | - | (82,600) | | Net loss | - | - | - | - | (2,026,245) | (2,026,245) | | Balance at end of period | 2,672,427 | 2,672 | 46,062,766 | 438,825 | (46,456,055) | 48,208 | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section presents the unaudited condensed consolidated statements of cash flows for the six months ended June 30, 2025 and 2024 Condensed Consolidated Statements of Cash Flows (Unaudited) | Cash Flows From Operating Activities | Six Months Ended June 30, 2025 ($) | Six Months Ended June 30, 2024 ($) | | :----------------------------------- | :--------------------------------- | :--------------------------------- | | Net loss | (628,778) | (2,026,245) | | Depreciation and amortization | 32,058 | 29,691 | | Amortization of operating lease right-of-use assets | 366,350 | 359,086 | | Write down of inventories | 4,671 | 44,253 | | Stock based compensation expense | 170,441 | 497,794 | | Research and development | - | 750,000 | | Loss on impairment of goodwill | 218,606 | - | | Changes in credit loss | (6) | (83) | | Accounts receivable | 623 | 2,612 | | Advance to suppliers | 5,224 | 42,947 | | Inventories | 1,241,004 | 34,714 | | Other current assets | 64,373 | (109,576) | | Operating lease liabilities | (374,839) | (358,790) | | Accounts payable | (569,402) | (132,281) | | Advance from customers | (69,088) | 124,889 | | Accrued liabilities and other payables | (628,084) | 50,574 | | Taxes payable | (63,257) | - | | **Net Cash Used in Operating Activities** | **(230,104)** | **(690,415)** | | **Cash Flows From Investing Activities** | **-** | **-** | | **Cash Flows From Financing Activities** | | | | Repayment to loan from a shareholder | (217,000) | - | | Repayment to other loan | (1,726) | - | | Proceed from loan from a shareholder | 200,000 | 360,000 | | Proceed from issuing common stocks | 500,000 | 400,000 | | **Net Cash Provided by Financing Activities** | **481,274** | **760,000** | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | 55,753 | (75,313) | | Net Increase (Decrease) in Cash and Cash Equivalents | 306,923 | (5,728) | | Cash and Cash Equivalents, Beginning of Period | 161,902 | 369,137 | | Cash and Cash Equivalents, Ending of Period | 468,825 | 363,409 | | **Supplemental Disclosure of Cash Flow Information** | | | | Income tax payments | - | 4,800 | | Interest expense | 18,736 | 9,368 | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed notes to the unaudited condensed consolidated financial statements, explaining accounting policies and specific items [Note 1 - Organization and Description of Business](index=10&type=section&id=Note%201%20-%20Organization%20and%20Description%20of%20Business) This note describes Nova LifeStyle, Inc.'s business, its subsidiaries, and addresses going concern issues with management's plans - Nova LifeStyle, Inc. is a U.S. holding company marketing, designing, and selling furniture globally through subsidiaries like Nova Furniture, Nova Samoa, Diamond Bar, i Design, and Nova Malaysia, with former subsidiaries sold or liquidated[30](index=30&type=chunk)[31](index=31&type=chunk)[37](index=37&type=chunk) - The Company incurred a net loss of **$0.63 million** and **$2.03 million** for the six months ended June 30, 2025 and 2024, respectively, and an accumulated deficit of **$50.62 million** as of June 30, 2025, raising substantial doubt about its ability to continue as a going concern[38](index=38&type=chunk) - Management plans to alleviate going concern doubt by participating in U.S. furniture fairs, developing innovative home decoration design IT software systems through Nova Malaysia, and raising capital from the market[40](index=40&type=chunk) [Note 2 - Summary of Significant Accounting Policies](index=11&type=section&id=Note%202%20-%20Summary%20of%20Significant%20Accounting%20Policies) This note outlines the Company's significant accounting policies, including stock splits, goodwill impairment, revenue recognition, and segment reporting - A **1-for-5 reverse stock split** was effective on May 22, 2023, and authorized common stock increased from **3,000,000** to **250,000,000 shares** on September 5, 2023[42](index=42&type=chunk)[43](index=43&type=chunk) - Goodwill was impaired as of June 30, 2025, due to the Company's financial condition, resulting in a **$218,606 impairment loss** recorded in non-operating expenses[48](index=48&type=chunk)[49](index=49&type=chunk) - Revenue from product sales is recognized when the customer obtains control, typically upon shipment, and is recorded net of applicable discounts and allowances[75](index=75&type=chunk) - The Company operates as a **single reportable segment**, focusing on furniture design and sales, with Diamond Bar and Nova Malaysia operations viewed as one entity for business decisions[106](index=106&type=chunk)[108](index=108&type=chunk) - The Company adopted **ASU 2023-07** (Segment Reporting), **ASU 2023-09** (Income Tax Disclosures), and **ASU 2025-02** (Liabilities) in 2024 or 2025, with no material impact on financial statements[117](index=117&type=chunk)[118](index=118&type=chunk)[119](index=119&type=chunk) - The Company is evaluating the impact of several recently issued but not yet effective ASUs, including those related to leases, income tax disclosures, expense disaggregation, business combinations, share-based consideration, and credit losses[120](index=120&type=chunk)[121](index=121&type=chunk)[122](index=122&type=chunk)[123](index=123&type=chunk)[124](index=124&type=chunk)[125](index=125&type=chunk)[126](index=126&type=chunk)[127](index=127&type=chunk) [Note 3 - Inventories](index=24&type=section&id=Note%203%20-%20Inventories) This note provides details on the Company's inventory balances and related write-downs for the reported periods Inventories (Finished Goods) | Metric | June 30, 2025 ($) | December 31, 2024 ($) | | :---------------- | :---------------- | :-------------------- | | Total Inventories | 1,578,678 | 2,824,353 | | Inventory Write-down (6 months) | 4,671 | 44,253 | | Inventory Write-down (3 months) | 990 | 5,271 | [Note 4 - Property, Plant, and Equipment, Net](index=24&type=section&id=Note%204%20-%20Property,%20Plant,%20and%20Equipment,%20Net) This note details the Company's property, plant, and equipment, net, and associated depreciation expenses Property, Plant, and Equipment, Net | Asset Category | June 30, 2025 ($) | December 31, 2024 ($) | | :-------------------------- | :---------------- | :-------------------- | | Computer and office equipment | 276,104 | 271,415 | | Decoration and renovation | 408,623 | 387,288 | | Less: accumulated depreciation | (449,276) | (406,517) | | **Total, Net** | **235,451** | **252,186** | - Depreciation expense for the six months ended June 30, 2025, was **$29,376**, an increase from **$27,009** in the prior year, and for the three months, it was **$14,881**, up from **$13,493**[132](index=132&type=chunk) [Note 5 – Intangible Assets](index=24&type=section&id=Note%205%20%E2%80%93%20Intangible%20Assets) This note provides information on the Company's intangible assets, net, and their corresponding amortization expenses Intangible Assets, Net | Asset Category | June 30, 2025 ($) | December 31, 2024 ($) | | :------------------------- | :---------------- | :-------------------- | | Accounting software | 26,800 | 26,800 | | Less: accumulated amortization | (26,373) | (23,691) | | **Total, Net** | **427** | **3,109** | - Amortization expense for intangible assets was **$2,682** for both six-month periods ended June 30, 2025 and 2024, and **$1,341** for both three-month periods[133](index=133&type=chunk) [Note 6 – Advances to Suppliers](index=24&type=section&id=Note%206%20%E2%80%93%20Advances%20to%20Suppliers) This note details the Company's advances to suppliers and confirms no impairment charges were recorded Advances to Suppliers | Metric | June 30, 2025 ($) | December 31, 2024 ($) | | :------------------ | :---------------- | :-------------------- | | Advances to suppliers | 7,875,174 | 4,689,148 | - No impairment charges were made on advances to suppliers for the six months ended June 30, 2025, or the twelve months ended December 31, 2024[134](index=134&type=chunk) [Note 7 – Prepaid Expenses and Other Receivables](index=25&type=section&id=Note%207%20%E2%80%93%20Prepaid%20Expenses%20and%20Other%20Receivables) This note presents the Company's balances for prepaid expenses and other receivables for the reported periods Prepaid Expenses and Other Receivables | Category | June 30, 2025 ($) | December 31, 2024 ($) | | :---------------- | :---------------- | :-------------------- | | Prepaid expenses | 262,708 | 202,294 | | Other receivables | 20,706 | 17,415 | | **Total** | **283,414** | **219,709** | [Note 8 – Accrued Liabilities and Other Payables](index=25&type=section&id=Note%208%20%E2%80%93%20Accrued%20Liabilities%20and%20Other%20Payables) This note provides a breakdown of the Company's accrued liabilities and other payables, including a significant consulting engagement Accrued Liabilities and Other Payables | Category | June 30, 2025 ($) | December 31, 2024 ($) | | :----------------------------- | :---------------- | :-------------------- | | Other payables | 438,304 | 986,945 | | Salary payable | 4,688 | 8,727 | | Marketing | 10,000 | 10,000 | | Financed insurance premiums | 164,050 | 62,531 | | Auditing fee | - | 190,000 | | Warranty liability | 7,770 | 15,103 | | Accrued commission | 40,018 | 47,466 | | Accrued expenses, others | 322,635 | 362,261 | | **Total** | **987,465** | **1,683,033** | - Nova Malaysia engaged a consulting firm for AI Trends and Tools services for **5,000,000 Malaysian Ringgit** (**$1,065,235**), with the remaining balance recorded as accrued expenses after 2024 payments[137](index=137&type=chunk) [Note 9 – Other Loans](index=25&type=section&id=Note%209%20%E2%80%93%20Other%20Loans) This note details the Company's other loan agreements, including an SBA loan and an interest-free loan from a third party - Diamond Bar was granted a **$150,000 SBA Economic Injury Disaster Loan** in June 2020, maturing in June 2050 with a **3.75% annual interest rate**[138](index=138&type=chunk) - Nova Malaysia entered into a **$71,286** (**300,000 Malaysian Ringgit**) interest-free loan agreement with an unrelated third party in November 2024, maturing in November 2030[139](index=139&type=chunk) [Note 10 – Related Party Transactions](index=26&type=section&id=Note%2010%20%E2%80%93%20Related%20Party%20Transactions) This note describes the Company's transactions with related parties, including lease agreements, commission expenses, and shareholder loans - The Company renewed a showroom lease with its Chairperson for **$41,000 annually**, with rental expenses for the six months ended June 30 being **$20,500** in 2025 and **$18,890** in 2024[140](index=140&type=chunk) - Commission expenses to a consulting firm owned by the Chairperson were **$173,792** for the six months ended June 30, 2025, up from **$153,043** in 2024[141](index=141&type=chunk) - The Company has multiple loan agreements with shareholders at an **8.5% annual interest rate**, including a **$200,000 loan** (Feb 2024, repaid with stock in Feb 2025), a **$160,000 loan** (Apr 2024, extended to Apr 2026), and a new **$200,000 loan** (Apr 2025)[142](index=142&type=chunk)[143](index=143&type=chunk)[144](index=144&type=chunk) [Note 11 – Stockholders' Equity](index=26&type=section&id=Note%2011%20%E2%80%93%20Stockholders'%20Equity) This note details the Company's equity incentive plans, NASDAQ compliance, private placements, debt repayments, and warrant activity - The Company has three equity incentive plans (**2021, 2023, and 2024**) authorizing **600,000, 800,000, and 3,000,000 shares** of common stock for stock rewards[145](index=145&type=chunk)[146](index=146&type=chunk)[148](index=148&type=chunk) - NASDAQ notified the Company of non-compliance with the minimum stockholders' equity requirement (**$2.5 million**) in April 2024, regaining compliance by October 2024 through a transaction involving **3,321,429 shares** for inventory purchases totaling **$4.65 million**[149](index=149&type=chunk)[151](index=151&type=chunk)[152](index=152&type=chunk)[153](index=153&type=chunk) - The Company regained compliance with NASDAQ's **$1.00 minimum bid price requirement** by May 27, 2025, after a December 2024 non-compliance notification[224](index=224&type=chunk)[225](index=225&type=chunk) - Between May 2024 and March 2025, the Company completed private placements and debt repayments using common stock, raising **$750,000** in 2024 and **$500,000** in 2025, and repaying **$217,000** debt with **434,000 shares**[154](index=154&type=chunk)[155](index=155&type=chunk)[156](index=156&type=chunk)[157](index=157&type=chunk)[158](index=158&type=chunk)[159](index=159&type=chunk)[160](index=160&type=chunk)[161](index=161&type=chunk)[162](index=162&type=chunk) Warrant Activity (Six Months Ended June 30, 2025) | Metric | Number of Warrants | Average Exercise Price ($) | Remaining Contractual Term (Years) | | :--------------------------- | :----------------- | :------------------------- | :------------------------------- | | Outstanding at January 1, 2025 | 245,192 | 17.50 | 2.02 | | Exercisable at January 1, 2025 | 245,192 | 17.50 | 2.02 | | Outstanding at June 30, 2025 | 245,192 | 17.50 | 1.52 | | Exercisable at June 30, 2025 | 245,192 | 17.50 | 1.52 | - Unrecognized share-based compensation expense was **$25,970** as of June 30, 2025[188](index=188&type=chunk) [Note 12 – Geographical Analysis](index=32&type=section&id=Note%2012%20%E2%80%93%20Geographical%20Analysis) This note provides a geographical breakdown of the Company's net sales and long-lived assets for the reported periods Net Sales by Geographical Area (Unaudited) | Geographical Areas | Six Months Ended June 30, 2025 ($) | Six Months Ended June 30, 2024 ($) | Three Months Ended June 30, 2025 ($) | Three Months Ended June 30, 2024 ($) | | :----------------- | :--------------------------------- | :--------------------------------- | :----------------------------------- | :----------------------------------- | | North America | 5,174,070 | 4,957,058 | 2,556,223 | 2,631,328 | | Other countries | 17,871 | 107,868 | - | 57,205 | | **Total** | **5,191,941** | **5,064,926** | **2,556,223** | **2,688,533** | Long-Lived Assets by Geographical Area | Geographical Areas | June 30, 2025 ($) | December 31, 2024 ($) | | :----------------- | :---------------- | :-------------------- | | North America | 1,002,830 | 1,281,203 | | Asia | 389,402 | 413,302 | | **Total** | **1,392,232** | **1,694,505** | [Note 13 – Lease](index=32&type=section&id=Note%2013%20%E2%80%93%20Lease) This note details the Company's operating and finance lease agreements, including expenses and maturity schedules - The Company holds various operating and finance lease agreements for office, warehouse, and showroom spaces in the United States and Malaysia, with the main U.S. lease extended to **October 31, 2026**[190](index=190&type=chunk)[191](index=191&type=chunk)[192](index=192&type=chunk)[193](index=193&type=chunk)[194](index=194&type=chunk)[195](index=195&type=chunk)[196](index=196&type=chunk)[197](index=197&type=chunk) Operating Lease Expense (Unaudited) | Metric | Six Months Ended June 30, 2025 ($) | Six Months Ended June 30, 2024 ($) | Three Months Ended June 30, 2025 ($) | Three Months Ended June 30, 2024 ($) | | :----------------- | :--------------------------------- | :--------------------------------- | :----------------------------------- | :----------------------------------- | | Operating lease cost | 375,157 | 366,327 | 192,719 | 183,138 | Maturities of Operating Lease Liabilities (as of June 30, 2025) | Year | Operating Leases ($) | | :--- | :------------------- | | 2025 | 379,690 | | 2026 | 653,567 | | 2027 | 54,747 | | 2028 | 45,623 | | Thereafter | - | | **Total undiscounted cash flows** | **1,133,627** | | Less: imputed interest | (30,223) | | **Present value of lease liabilities** | **1,103,404** | Finance Lease Expense (Unaudited) | Metric | Six Months Ended June 30, 2025 ($) | Six Months Ended June 30, 2024 ($) | Three Months Ended June 30, 2025 ($) | Three Months Ended June 30, 2024 ($) | | :---------------- | :--------------------------------- | :--------------------------------- | :----------------------------------- | :----------------------------------- | | Finance lease cost | 22,503 | 22,503 | 11,251 | 11,251 | Maturities of Finance Lease Liabilities (as of June 30, 2025) | Year | Operating Leases ($) | | :--- | :------------------- | | 2025 | 12,991 | | 2026 | 22,180 | | 2027 | 20,332 | | Thereafter | - | | **Total undiscounted cash flows** | **55,503** | | Less: imputed interest | (3,277) | | **Present value of lease liabilities** | **52,226** | [Note 14 – Commitments and Contingencies](index=35&type=section&id=Note%2014%20%E2%80%93%20Commitments%20and%20Contingencies) This note addresses the Company's commitments and contingencies, specifically detailing the dismissal of shareholder derivative lawsuits - Two shareholder derivative lawsuits (Jie Action and Samuels Action) against current and former officers/directors were dismissed without prejudice on **February 6, 2025**, after being stayed pending resolution of the Barney Action[203](index=203&type=chunk)[204](index=204&type=chunk)[205](index=205&type=chunk)[206](index=206&type=chunk)[207](index=207&type=chunk) [Note 15 – Subsequent Events](index=36&type=section&id=Note%2015%20%E2%80%93%20Subsequent%20Events) This note discloses subsequent events, specifically a public offering of common stock and warrants aiming for significant gross proceeds - The Company is offering up to **5,863,192 shares** of common stock and up to **11,726,384 warrants**, aiming for gross proceeds of approximately **$9.0 million**, with an assumed exercise price of **$1.84 per warrant**[210](index=210&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=37&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section provides management's discussion and analysis of the Company's financial condition, results of operations, and NASDAQ compliance [Overview](index=37&type=section&id=Overview) This section provides an overview of Nova LifeStyle, Inc.'s business as a furniture distributor, its strategic shifts, and NASDAQ compliance status - Nova LifeStyle, Inc. is a distributor of contemporary residential and commercial furniture, operating through global subsidiaries under brands like **Nova LifeStyle, Diamond Sofa, and Nova Living**[214](index=214&type=chunk)[215](index=215&type=chunk)[217](index=217&type=chunk) - The Company exited the Jade Mats business in 2023 after **$2.00 million** in liquidation sales, with Nova Malaysia now developing innovative home decoration design IT software systems[221](index=221&type=chunk) - The Company regained compliance with NASDAQ's minimum stockholders' equity requirement (**$2.5 million**) by October 2024 and the **$1.00 minimum bid price requirement** by May 2025[223](index=223&type=chunk)[225](index=225&type=chunk) [Principal Factors Affecting Our Financial Performance](index=40&type=section&id=Principal%20Factors%20Affecting%20Our%20Financial%20Performance) This section discusses key factors influencing the Company's financial performance, including product strategy, economic conditions, and manufacturing shifts - The Company shifted focus from low-margin products to higher-end home furnishings, launching new collections to attract designers, stagers, and retailers, aiming for improved gross profit margins and long-term growth[226](index=226&type=chunk) - Key factors affecting operating results include product pricing, general economic conditions in the U.S., China, and international markets, trade wars, tariffs, high interest rates, inflation, and a real estate market slowdown[226](index=226&type=chunk) - The Company is exploring shifting manufacturing from China to other Asian countries due to tariffs, but most manufacturing remains in China due to quality and intellectual know-how[226](index=226&type=chunk) [Critical Accounting Policies](index=40&type=section&id=Critical%20Accounting%20Policies) This section outlines the Company's critical accounting policies and estimates, including revenue recognition, inventory valuation, and income taxes - No material changes occurred to the Company's critical accounting policies and estimates compared to its Annual Report on Form 10-K for the fiscal year ended December 31, 2024[228](index=228&type=chunk) - The Company's unaudited condensed consolidated financial statements conform with U.S. GAAP, consolidating Nova LifeStyle and its subsidiaries[229](index=229&type=chunk) - A **1-for-5 reverse stock split** was effective May 22, 2023, and authorized shares increased from **3,000,000** to **250,000,000** on September 5, 2023[230](index=230&type=chunk)[231](index=231&type=chunk) - Management makes significant estimates and assumptions for revenue recognition, bad debt allowance, inventory valuation, stock-based compensation, income taxes, deferred tax assets, asset impairment, and loss contingencies[232](index=232&type=chunk) - The allowance for expected credit losses on accounts receivable was **$361** as of June 30, 2025, with a reversal provision of **($6)** for the six months ended June 30, 2025[233](index=233&type=chunk) - Income tax benefit for the six months ended June 30, 2025, was **($63,257)**, primarily attributable to California state taxes and a true-up for Jade Mats inventory impairment[235](index=235&type=chunk)[295](index=295&type=chunk) - Foreign currency translation for U.S. dollar financial statements involves translating assets and liabilities at current exchange rates and revenues and expenses at average rates, with differences recorded in accumulated other comprehensive income[258](index=258&type=chunk) - The Company operates as a **single reportable segment**, focusing on furniture design and sales, with Diamond Bar and Nova Malaysia operations viewed as a whole for business decisions[261](index=261&type=chunk)[262](index=262&type=chunk) [New Accounting Pronouncements](index=45&type=section&id=New%20Accounting%20Pronouncements) This section discusses the Company's adoption of new accounting standards and its evaluation of recently issued but not yet effective ASUs - The Company adopted **ASU 2023-07** (Segment Reporting), **ASU 2023-09** (Income Tax Disclosures), and **ASU 2025-02** (Liabilities) in 2024 or 2025, with no material impact on financial statements[264](index=264&type=chunk)[265](index=265&type=chunk)[266](index=266&type=chunk) - The Company is evaluating the impact of several recently issued but not yet effective ASUs, including those related to leases, income tax disclosures, expense disaggregation, business combinations, share-based consideration, and credit losses[267](index=267&type=chunk)[268](index=268&type=chunk)[269](index=269&type=chunk)[270](index=270&type=chunk)[271](index=271&type=chunk)[272](index=272&type=chunk)[273](index=273&type=chunk)[274](index=274&type=chunk) [Results of Operations](index=47&type=section&id=Results%20of%20Operations) This section provides a detailed comparison of the Company's financial results for the three and six months ended June 30, 2025 and 2024 [Comparison of Three Months Ended June 30, 2025 and 2024](index=47&type=section&id=Comparison%20of%20Three%20Months%20Ended%20June%2030,%202025%20and%202024) This section compares the Company's net sales, gross profit, operating expenses, and net loss for the three months ended June 30, 2025 and 2024 Summary of Operations (Three Months Ended June 30, 2025 vs. 2024) | Metric | 2025 ($) | % of Sales (2025) | 2024 ($) | % of Sales (2024) | Change ($) | Change (%) | | :--------------------------- | :---------- | :---------------- | :---------- | :---------------- | :---------- | :--------- | | Net sales | 2,556,223 | | 2,688,533 | | (132,310) | (4.9%) | | Cost of sales | (1,272,176) | (50%) | (1,493,566) | (56%) | 221,390 | (14.8%) | | Gross profit | 1,284,047 | 50% | 1,194,967 | 44% | 89,080 | 7.5% | | Operating expenses | (1,480,541) | (58%) | (1,692,631) | (63%) | 212,090 | (12.5%) | | Loss from operations | (196,494) | (8%) | (497,644) | (19%) | 301,150 | (60.5%) | | Other (expenses) income, net | (94,410) | (4%) | (60,949) | (2%) | (33,461) | 54.9% | | Income tax benefit (expense) | 997 | 0% | (4,876) | 0% | 5,873 | (120.4%) | | Net loss | (289,907) | (11%) | (563,489) | (21%) | 273,582 | (48.5%) | - Net sales decreased by **5%** to **$2.56 million**, primarily due to a **12% decrease** in sales volume, partially offset by a **26% increase** in average selling price, with North America sales decreasing by **3%** and other countries by **$0.05 million**[278](index=278&type=chunk)[279](index=279&type=chunk) - Gross profit increased by **$0.09 million** to **$1.28 million**, with gross profit margin rising from **44% to 50%**, mainly due to selling higher-margin products[281](index=281&type=chunk) - Operating expenses decreased by **$0.21 million** to **$1.48 million**, driven by reduced marketing and advertising expenses (**$0.10 million decrease**), lower stock compensation, travel, and designer fees, partially offset by increased legal/professional fees and insurance[283](index=283&type=chunk) - Net loss decreased by **48.5%** to **$0.29 million**, compared to **$0.56 million** in the prior year, primarily due to improved gross profit and reduced operating expenses[286](index=286&type=chunk) [Comparison of Six Months Ended June 30, 2025 and 2024](index=49&type=section&id=Comparison%20of%20Six%20Months%20Ended%20June%2030,%202025%20and%202024) This section compares the Company's net sales, gross profit, operating expenses, and net loss for the six months ended June 30, 2025 and 2024 Summary of Operations (Six Months Ended June 30, 2025 vs. 2024) | Metric | 2025 ($) | % of Sales (2025) | 2024 ($) | % of Sales (2024) | Change ($) | Change (%) | | :--------------------------- | :---------- | :---------------- | :---------- | :---------------- | :---------- | :--------- | | Net sales | 5,191,941 | | 5,064,926 | | 127,015 | 2.5% | | Cost of sales | (2,703,660) | (52%) | (2,853,799) | (56%) | 150,139 | (5.3%) | | Gross profit | 2,488,281 | 48% | 2,211,127 | 44% | 277,154 | 12.5% | | Operating expenses | (2,878,135) | (55%) | (4,197,182) | (83%) | 1,319,047 | (31.4%) | | Loss from operations | (389,854) | (7%) | (1,986,055) | (39%) | 1,596,201 | (80.4%) | | Other (expenses) income, net | (302,181) | (6%) | (35,314) | (1%) | (266,867) | 755.7% | | Income tax benefit (expense) | 63,257 | 1% | (4,876) | 0% | 68,133 | (1397.4%) | | Net loss | (628,778) | (12%) | (2,026,245) | (40%) | 1,397,500 | (69.0%) | - Net sales increased by **3%** to **$5.19 million**, driven by a **32% increase** in average selling price despite a **22% decrease** in sales volume, with North America sales increasing by **4%** and other countries decreasing by **$0.09 million**[289](index=289&type=chunk)[290](index=290&type=chunk) - Gross profit increased by **$0.28 million** to **$2.49 million**, with gross profit margin rising from **44% to 48%**, due to selling higher-margin products[292](index=292&type=chunk) - Operating expenses decreased by **$1.32 million** to **$2.88 million**, primarily due to a **$0.33 million decrease** in selling expenses, a **$0.24 million decrease** in G&A, and a **$0.75 million decrease** in R&D spending[293](index=293&type=chunk) - Other expenses, net, increased significantly by **$266,867** to **$302,181**, mainly due to a **$218,606 loss on impairment of goodwill** in 2025[294](index=294&type=chunk) - Net loss decreased by **69%** to **$0.63 million**, compared to **$2.03 million** in the prior year, driven by reduced operating expenses and improved gross profit, despite increased other expenses[296](index=296&type=chunk) [Liquidity and Capital Resources](index=51&type=section&id=Liquidity%20and%20Capital%20Resources) This section analyzes the Company's liquidity, capital resources, cash flow activities, and working capital position - The Company's primary liquidity demands for sales, inventory, and general corporate purposes are met through cash flow from operations, accounts receivable collections, and potential external financing[297](index=297&type=chunk)[298](index=298&type=chunk) Cash Flows Summary (Six Months Ended June 30, 2025 vs. 2024) | Activity | 2025 ($) | 2024 ($) | Change ($) | | :----------------- | :---------- | :---------- | :--------- | | Operating activities | (230,104) | (690,415) | 460,311 | | Investing activities | - | - | 0 | | Financing activities | 481,274 | 760,000 | (278,726) | - Net cash used in operating activities decreased by **$0.46 million** to **$0.23 million outflow**, primarily due to a **$1.39 million decrease** in net loss and a **$1.21 million increase** in cash inflow from inventory, partially offset by a **$0.44 million increase** in cash outflow for accounts payable[300](index=300&type=chunk) - Net cash provided by financing activities decreased by **$0.28 million** to **$0.48 million**, reflecting **$0.20 million** borrowed from a shareholder and **$0.50 million** from stock sales in 2025, compared to **$0.36 million** borrowed and **$0.40 million** from stock sales in 2024, plus a **$0.22 million** debt repayment via stock in 2025[302](index=302&type=chunk) - Working capital increased by **$3,649,536** to **$5,755,700** at June 30, 2025, from **$2,106,164** at December 31, 2024, with a current ratio of **2.28-to-1**[299](index=299&type=chunk) - Advances to suppliers increased to **$7,875,174** at June 30, 2025, from **$4,689,148** at December 31, 2024[304](index=304&type=chunk) [Off-Balance Sheet Arrangements](index=52&type=section&id=Off-Balance%20Sheet%20Arrangements) This section confirms the Company has no material off-balance sheet arrangements, financial guarantees, or variable interests - The Company has no material off-balance sheet arrangements, financial guarantees, derivative contracts indexed to its shares, or variable interests in unconsolidated entities[309](index=309&type=chunk)[310](index=310&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=52&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) This section states that no quantitative and qualitative disclosures about market risk are required for this report - Not required[311](index=311&type=chunk) [Item 4. Controls and Procedures](index=52&type=section&id=Item%204.%20Controls%20and%20Procedures) The CEO and CFO concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes in internal control over financial reporting - The CEO and CFO concluded that the Company's disclosure controls and procedures were effective as of **June 30, 2025**[312](index=312&type=chunk) - No material changes in internal control over financial reporting occurred during or subsequent to the period covered by this report[314](index=314&type=chunk) [PART II. OTHER INFORMATION](index=53&type=section&id=PART%20II.%20OTHER%20INFORMATION) This part contains other information not included in the financial statements, such as legal proceedings, risk factors, and exhibits [Item 1. Legal Proceedings](index=53&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to legal proceedings in the financial statement notes, confirming no other material legal proceedings are pending - No other material legal proceedings, investigations, or claims are currently pending beyond those discussed in the financial statement notes[317](index=317&type=chunk) [Item 1A. Risk Factors](index=53&type=section&id=Item%201A.%20Risk%20Factors) This section indicates that risk factors are not applicable for this quarterly report - Not Applicable[318](index=318&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=53&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section states that there were no unregistered sales of equity securities or use of proceeds to report - None[318](index=318&type=chunk) [Item 5. Other Information](index=53&type=section&id=Item%205.%20Other%20Information) This section reports that no directors or executive officers adopted or terminated any Rule 10b5-1 trading arrangements during the quarter - No directors or executive officers adopted or terminated any Rule 10b5-1 trading arrangements during the quarterly period[318](index=318&type=chunk) [Item 6. Exhibits](index=53&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including certifications, XBRL documents, and the cover page interactive data file - The report includes certifications from the CEO and CFO (**31.1, 31.2, 32.1, 32.2**) and various Inline XBRL documents (**101.INS, 101.SCH, 101.CAL, 101.DEF, 101.LAB, 101.PRE, 104**)[320](index=320&type=chunk) [Signatures](index=54&type=section&id=Signatures) The report was signed by Nova LifeStyle, Inc.'s CEO, Xiaohua Lu, and CFO, Jeffery Chuang, on August 14, 2025 - The report was signed by **Xiaohua Lu** (Chief Executive Officer) and **Jeffery Chuang** (Chief Financial Officer) on **August 14, 2025**[323](index=323&type=chunk)

Financial Performance - Net sales for the three months ended June 30, 2025, were $2.56 million, a decrease of 5% from $2.69 million in the same period of 2024 [5] - Gross profit for the same period was $1.28 million compared to $1.19 million in the same period of 2024 [5] - Net loss for the three months was ($289 thousand), an improvement from a loss of ($536 thousand) in the same period of 2024 [5] - For the six months ended June 30, 2025, net sales were $5.19 million, an increase of 3% from $5.06 million in the same period of 2024 [5] - Gross profit for the six months was $2.49 million, compared to $2.21 million in the same period of 2024 [5] - Net loss for the six months was ($629 thousand), significantly improved from a loss of ($2.03 million) in the same period of 2024 [5] Industry Outlook - The company acknowledges potential volatility in the furniture industry in the short term but believes it is well-positioned to meet customer needs [1] - The company is encouraged by incoming purchase orders and ongoing discussions with buyers, leading to increased advances to suppliers to maintain adequate inventory levels for the second half of the year [1]

Group 1 - Nova LifeStyle, Inc. reported a revenue of $2.6357 million for the period ending March 31, 2025, representing a year-over-year increase of 10.91% [1] - The company recorded a net loss attributable to shareholders of $338,900, which is a significant improvement with a year-over-year decrease of 76.83% [1] - As of August 13, 2023, Nova LifeStyle's stock price increased by 4.68%, reaching $1.90 per share, with a total market capitalization of $26.1655 million [1] Group 2 - Nova LifeStyle, Inc. was established on September 9, 2009, in Nevada and operates as a manufacturer of contemporary residential furniture [2] - The company focuses on integrating design elements into its product line, catering to current trends and offering both standalone and complete room furniture solutions [2] - Nova LifeStyle utilizes a global network to sell high-quality bedding components through exclusive third-party manufacturing partners [2]

Group 1 - The stock price of Nova LifeStyle, Inc. (NVFY) increased by 3.02% on August 12, reaching $1.875 per share, with a total market capitalization of $25.82 million [1] - As of March 31, 2025, Nova LifeStyle reported total revenue of $2.6357 million, reflecting a year-over-year growth of 10.91%, while the net profit attributable to the parent company was -$338,900, showing a significant year-over-year improvement of 76.83% [1] Group 2 - Nova LifeStyle, Inc. is a contemporary residential furniture manufacturer established on September 9, 2009, in Nevada, focusing on a dynamic market with retail, online options, and global purchasing services [2] - The company emphasizes current trends and aims to integrate design elements into its product line, offering standalone items or complete room solutions [2] - Nova LifeStyle also sells high-quality bedding components through exclusive third-party manufacturing partners via its global network [2]

Group 1 - The stock price of Nova LifeStyle, Inc. (NVFY) increased by 2.48% on August 11, reaching $1.86 per share, with a total market capitalization of $25.6147 million [1] - As of March 31, 2025, Nova LifeStyle reported total revenue of $2.6357 million, reflecting a year-over-year growth of 10.91%, while the net profit attributable to shareholders was -$338,900, showing a significant increase of 76.83% compared to the previous year [1] Group 2 - Nova LifeStyle, Inc. is set to disclose its mid-year report for the fiscal year 2025 on August 13, with the actual release date subject to company announcement [2] - Founded on September 9, 2009, in Nevada, Nova LifeStyle is a manufacturer of contemporary residential furniture, offering a dynamic market with retail, online options, and global purchasing services [2] - The company focuses on current trends and aims to integrate design elements into its product line, which can be used as standalone items or as part of complete room furnishings [2]

Group 1 - The stock price of Nova LifeStyle, Inc. (NVFY) increased by 6.75% on August 7, reaching $2.348 per share, with a total market capitalization of $32.34 million [1] - As of March 31, 2025, Nova LifeStyle reported total revenue of $2.6357 million, reflecting a year-over-year growth of 10.91%, while the net profit attributable to the parent company was -$338,900, showing a significant improvement of 76.83% [1] Group 2 - Nova LifeStyle, Inc. is a contemporary residential furniture manufacturer established on September 9, 2009, in Nevada, focusing on a dynamic market with retail, online options, and global purchasing services [2] - The company emphasizes current trends and aims to integrate design elements into its product line, offering standalone or complete room furniture solutions [2] - Nova LifeStyle also sells high-quality bedding components through exclusive third-party manufacturing partners via its global network [2]

8月6日，诺华家具(NVFY)开盘上涨2.55%，截至21:30，报2.82美元/股，成交2674.0美元，总市值 3883.51万美元。 8月13日，诺华家具将披露2025财年中报（数据来源于纳斯达克官网，预计披露日期为美国当地时间， 实际披露日期以公司公告为准）。 资料显示，Nova LifeStyle, Inc.2009年9月9日成立于内华达州。新星生活方式公司是广泛的当代风格的 住宅家具制造商并纳入一个动态的市场，销售提供零售、在线选择和全球购买服务的购物平台。新星生 活方式关注流行趋势，努力创造设计要素然后集成到其产品线上，使其可以用作独立的或者整个房间的 家居产品。通过其全球网络，新星生活方式还销售(通过独家第三方制造伙伴)一种管理各种各样的高质 量床上用品的基础组件。 本文源自：金融界 作者：行情君 财务数据显示，截至2025年03月31日，诺华家具收入总额263.57万美元，同比增长10.91%；归母净利 润-33.89万美元，同比增长76.83%。 大事提醒： ...

Group 1 - The stock price of Nova LifeStyle, Inc. (NVFY) increased by 3.35% to $2.47 per share, with a total market capitalization of $34.01 million as of August 6 [1] - For the fiscal year ending March 31, 2025, Nova LifeStyle reported total revenue of $2.6357 million, reflecting a year-over-year growth of 10.91%, while the net profit attributable to shareholders was -$338,900, showing a significant year-over-year improvement of 76.83% [1] Group 2 - Nova LifeStyle, Inc. is a contemporary residential furniture manufacturer established on September 9, 2009, in Nevada, focusing on a dynamic market with retail, online options, and global purchasing services [2] - The company emphasizes current trends and aims to integrate design elements into its product line, offering standalone or complete room furniture solutions [2] - Nova LifeStyle also sells high-quality bedding components through exclusive third-party manufacturing partners via its global network [2]

Group 1 - The core viewpoint of the article highlights the financial performance and stock movement of Nova LifeStyle, Inc. (NVFY), indicating a positive trend in revenue and a significant increase in net profit despite a negative net income figure [1][2][3] - As of August 4, NVFY's stock price increased by 2.55% to $2.41 per share, with a total market capitalization of $33.19 million [1] - Financial data shows that as of March 31, 2025, Nova LifeStyle's total revenue reached $2.64 million, reflecting a year-on-year growth of 10.91%, while the net profit attributable to shareholders was -$0.34 million, which represents a 76.83% increase compared to the previous period [1] Group 2 - Nova LifeStyle, Inc. was established on September 9, 2009, in Nevada and operates as a manufacturer of contemporary residential furniture, catering to a dynamic market [2] - The company focuses on current trends and aims to integrate design elements into its product line, offering both standalone and complete room furniture solutions [2] - Through its global network, Nova LifeStyle also sells high-quality bedding components via exclusive third-party manufacturing partners [2]