v3.25.2
ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF ACTIVITIES OF LOBO AND EACH SUBSIDIARIES

The consolidated financial statements reflect the activities of LOBO and each of the following entities:

 

  

           Percentage    
   Date of   Place of   of effective    
Name  Incorporation   incorporation   ownership   Principal Activities
Wholly owned subsidiaries                  
LOBO EV Technologies Ltd (LOBO BVI)   October, 2021    BVI    100%  Holding company
LOBO Holdings Ltd (LOBO HK)   November, 2021    HK    100%  Investment holding company
LOBO MATRIX INVEST LTD (LOBO MATRIX)   September, 2024    BVI    100%  Investment holding company
LOBO Scientific INC. (LOBO Scientific)   November, 2024    U.S.    100%  Investment holding company
Jiangsu LOBO Electric Vehicle Co. Ltd (Jiangsu LOBO)   November, 2021    PRC    100%  WFOE, a holding company
Beijing LOBO Intelligent Machine Co., Ltd (Beijing LOBO)*   August, 2014    PRC    100%  Domestic sales and outsourcing special models of e-bicycle and UVT
Tianjin LOBO Intelligent Robot Co., Ltd (Tianjin LOBO)   October, 2021    PRC    100%  Production of electric bicycles, urban tricycles and elderly scooters
Guangzhou LOBO Intelligent Technologies Co. Ltd (Guangzhou LOBO)*   May, 2019    PRC    100%  Software development for automotive electronics
Wuxi Jinbang Electric Vehicle Manufacture Co., Ltd (Wuxi Jinbang)*   October, 2002    PRC    85%  Production of electric bicycles and electric moped
Tianjin Bibosch Intelligent Technologies Co., Ltd (Tianjin Bibosch)    March, 2022     PRC    100%  Foreign sales of e-bicycle and UVT
Wuxi Zella Technology Trading Co., Ltd. (Wuxi Zella)   August, 2024    PRC    100%  Trade agency company

 

*The Company has disposed or has plan to dispose the subsidiaries. See details below.
SCHEDULE OF DETAILS OF ENTITIES DISPOSED

Details of the entities disposed were as follows:

   Guangzhou LOBO   Wuxi Jinbang   Total 
Total assets  $221,376   $4,572,952   $4,794,328 
Total liabilities   842,393    3,322,166    4,164,559 
Total net assets   (621,017)   1,250,786    629,769 
Total noncontrolling interest   -    (187,618)   (187,618)
                
Subtotal   (621,017)   1,063,168    442,151 
Total consideration   2,501    1,275,762     1,278,263  
Total gain on disposal of subsidiaries  $623,518   $212,594   $836,112