v3.25.2
Consolidated Statements of Operations and Comprehensive Income - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Revenues $ 21,188,606 $ 15,474,918 $ 18,298,565
Cost of revenues 18,731,995 13,266,821 15,273,181
Gross Profit 2,456,611 2,208,097 3,025,384
Operating expenses      
Selling and marketing expenses 716,021 610,487 585,772
General and administrative expenses 2,020,003 516,187 690,763
Research and development expenses 1,663,445 262,375 227,555
Total operating expenses 4,399,469 1,389,049 1,504,090
Operating (loss)/income (1,942,858) 819,048 1,521,294
Other expenses (income)      
Interest expense 20 7,508 16,715
Gain on disposal of subsidiaries (836,112)
Other income (380,892) (519,784) (27,949)
Total other income, net (1,216,984) (512,276) (11,234)
(loss)/Income before income tax expense (725,874) 1,331,324 1,532,528
Income tax expense 119,967 344,853 417,268
Net (loss)/Income (845,841) 986,471 1,115,260
Less: Net (loss)/income attributable to non-controlling interest 33,005 (16,873) (42,827)
Net (loss)/income attributable to LOBO EV Technologies LTD (812,836) 969,598 1,072,433
Foreign currency translation adjustments (204,541) (187,459) (359,614)
Total comprehensive (loss) income (1,050,382) 799,012 755,646
Less: Comprehensive net (loss) attributable to noncontrolling interests (37,574) 12,304 32,716
Total comprehensive (loss) income attributable to LOBO EV Technologies LTD $ (1,012,808) $ 786,708 $ 722,930
Net (loss)/income per share, basic $ (0.11) $ 0.15 $ 0.17
Net (loss)/income per share, diluted $ (0.11) $ 0.15 $ 0.17
Weighted average shares outstanding, basic 7,478,361 6,400,000 6,400,000
Weighted average shares outstanding, diluted 7,478,361 6,400,000 6,400,000