v3.25.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 152,740,882 $ 125,044,092
Inventories 1,705,237 1,494,891
Finance lease receivables, current – related parties 9,128,931 5,992,585
Customer loans receivable, current 10,552,623 10,382,537
Prepaid expenses and other current assets 14,051,746 11,276,802
Total current assets 241,342,038 184,451,020
Non-current assets:    
Property and equipment, net 8,058,016 8,771,902
Intangible assets, net 1,584,543 1,590,052
Goodwill, net 5,011,511 4,613,784
Cryptocurrencies 535,882
Finance lease receivables, non-current – related parties 13,197,979 8,397,582
Operating lease right-of-use assets 4,583,393 5,267,056
Finance lease right-of-use assets 516,932
Deferred tax assets 2,343,302 9,798,071
Customer loans receivable, non-current 5,934,636 5,023,551
Long-term prepayments 1,755,292 1,745,801
Other assets 7,461,224 15,553,453
Total non-current assets 73,957,219 81,632,134
Total assets 315,299,257 266,083,154
Current liabilities:    
Current portion of long-term loans 69,420 96,824
Notes and other payables, current – related parties 3,272,048 26,255
Income tax payable 14,133,163 18,705,851
Operating lease liabilities, current 3,623,871 4,341,522
Finance lease liabilities, current 161,340
Accrued liabilities and other current liabilities 6,229,797 8,103,194
Total current liabilities 60,681,611 61,191,890
Non-current liabilities:    
Long-term loans 7,031,506 6,502,682
Notes and other payables, non-current – related parties 5,334
Deferred tax liabilities 353,517 926,023
Operating lease liabilities, non-current 1,208,516 1,241,526
Finance lease liabilities, non-current 164,721
Other liabilities 1,206,815 1,193,541
Total non-current liabilities 9,965,075 9,869,106
Total liabilities 70,646,686 71,060,996
Stockholders’ equity:    
Preferred stock ($0.0001 par value, 20,000,000 shares authorized; no shares issued and outstanding as of June 30, 2025 and December 31, 2024)
Common stock ($0.0001 par value, 400,000,000 shares authorized, 103,881,251 and 103,020,816 shares issued, 103,098,442 and 102,750,816 shares outstanding as of June 30, 2025 and December 31, 2024, respectively) 10,388 10,302
Additional paid-in capital 72,196,114 62,513,923
Treasury stock (at cost, 782,809 and 270,000 shares as of June 30, 2025 and December 31, 2024, respectively) (5,115,262) (2,700,000)
Retained earnings 213,423,693 189,463,007
Accumulated other comprehensive loss (35,922,942) (54,178,075)
Total SBC Medical Group Holdings Incorporated stockholders’ equity 244,591,991 195,109,157
Non-controlling interests 60,580 (86,999)
Total stockholders’ equity 244,652,571 195,022,158
Total liabilities and stockholders’ equity 315,299,257 266,083,154
Nonrelated Party [Member]    
Current assets:    
Accounts receivable 2,350,368 1,413,433
Non-current assets:    
Long-term investments 3,593,087 3,049,972
Current liabilities:    
Accounts payable 16,290,206 13,875,179
Advances from customers 512,123 820,898
Related Party [Member]    
Current assets:    
Accounts receivable 48,920,843 28,846,680
Other receivables – related parties 1,891,408
Non-current assets:    
Long-term investments 19,381,422 17,820,910
Current liabilities:    
Accounts payable 3,245,989 659,044
Advances from customers 10,333,007 11,739,533
Due to related party $ 2,810,647 $ 2,823,590