v3.25.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
SCHEDULE OF COMPANY ENTITIES EQUITY METHOD INVESTMENTS

The accompanying audited consolidated financial statements reflect the activities of the Company, and each of the following entities:

 

   Place of      Registered 
Name of Company  incorporation  Ownership percentage   capital 
WANG & LEE GROUP, Inc.  BVI   

Group Holding Company

   $8,350,003 
WANG & LEE HOLDINGS, Inc.  BVI   100%   100 
WANG & LEE CONTRACTING LIMITED 

Hong Kong SAR

(“HK SAR”)

   100%   503,225 
SCHEDULE OF ESTIMATED USEFUL LIVES OF THE PLAN AND EQUIPMENT

 

Furniture & fixtures   5 years 
Equipment   5 years 
Motor vehicles   5 years 
SCHEDULE OF HISTORICAL FOREIGN CURRENCY EXCHANGE RATES

 

   2024   2023   2022 
   For the year ended December 31, 
   2024   2023   2022 
Period Ended HK$: USD exchange rate   7.7335    7.7785    7.7990 
Period Average HK$: USD exchange rate   7.7715    7.7997    7.8298 
SCHEDULE OF OF REVENUE AND COST OF REVENUE

The details of revenue and cost of revenue of the Company are as follows:

 

   2024   2023   2022 
   December 31, 
   2024   2023   2022 
             
Contract Revenue  $3,951,649   $6,825,879   $4,169,931 
Contract Costs   3,539,478    4,385,279    3,384,227 
Gross Profit  $412,171   $2,440,600   $785,704 
                
Gross Profit Margin   10%   36%   19%