v3.26.1
Note 11 - Related party balances and transactions: Schedule of related party transactions (Tables)
12 Months Ended
Dec. 31, 2025
Tables/Schedules  
Schedule of related party transactions

Revenue from related parties

 

 

 

 

For the Years Ended December 31,

Name of Related Party

Nature

 

2025

 

2024

 

2023

 

 

 

 

 

 

 

 

Tungray (Kunshan) Industrial Automation Co., Ltd.

Sales of products

 

$

207 

 

$

8,581 

 

$

231,209

Tungray (Kunshan) Robot Intelligent Technology Co., Ltd.

Sales of products

 

 

 

 

 

- 

 

 

26,245

FDT (Qingdao) Intellectual Technology Co., Ltd.

Sales of products

 

 

4,642 

 

 

30,761 

 

 

4,602

Kunshan Tungray Intelligent Technology Co., Ltd.

Sales of products

 

 

 

 

 

- 

 

 

57,490

Total

 

 

$

4,849 

 

$

39,342 

 

$

319,546

  

Purchase from related parties

 

 

 

 

For the Years Ended December 31,

Name of Related Party

Nature

 

2025

 

2024

 

2023

FDT (Qingdao) Intellectual Technology Co., Ltd.

Products and services purchase

 

$

21,450 

 

$

12,298 

 

$

961,525

Tungray (Kunshan) Industrial Automation Co., Ltd.

Products and services purchase

 

 

240 

 

 

12,993 

 

 

-

Kunshan Tungray Intelligent Technology Co., Ltd.

 

 

 

16,255 

 

 

- 

 

 

-

Total

 

 

$

37,945 

 

$

25,291 

 

$

961,525

  

 

Non-operating income - related parties

  

 

 

 

 

For the Years Ended December 31,

Name of Related Party

 

Nature

 

2025

 

2024

 

2023

Qingdao Tungray Biology Technology Co., Ltd

 

Lease income

 

$

17,224 

 

$

19,762 

 

$

19,126 

  

Rental expenses- related parties

  

 

 

 

 

For the Years Ended December 31,

Name of Related Party

 

Nature

 

2025

 

2024

 

2023

Qingdao Tungray Technology Development Co., Ltd

 

Lease expense

 

$

56,129 

 

$

59,963 

 

$

66,476 

Jingan Tang

 

Lease expense

 

 

71,532 

 

 

71,255 

 

 

72,411 

Total

 

 

 

$

127,661 

 

$

131,218 

 

$

138,887 

 

Advances to related parties

 

 

 

 

 

For the Years Ended December 31,

Name of Related Party

 

Nature

 

2025

 

2024

 

2023

Qingdao Tungray Biology Technology Co., Ltd.

 

Cash advance

 

$

- 

 

$

21,516 

 

$

23,880 

Shanghai Tongrui Investment Management Co., Ltd.

 

Cash advance

 

 

42,899 

 

 

- 

 

 

78,049 

FDT (Qingdao) Intellectual Technology Co., Ltd.

 

Cash advance

 

 

2,062,629 

 

 

230,513 

 

 

575,836 

Liling Du

 

Cash advance

 

 

- 

 

 

49,920 

 

 

- 

Tungray (Kunshan) Industrial Automation Co., Ltd.

 

Cash advance

 

 

568,187 

 

 

- 

 

 

- 

Total

 

 

 

$

2,673,715 

 

$

301,949 

 

$

677,765 

 

Borrowings from related parties

 

 

 

 

 

For the Years Ended December 31,

Name of Related Party

 

Nature

 

2025

 

2024

 

2023

FDT (Qingdao) Intellectual Technology Co., Ltd.

 

Borrowings

 

$

142,998 

 

$

39,889

 

$

 

Kunshan Tungray Intelligent Technology Co., Ltd.

 

Borrowings

 

 

- 

 

 

 

 

 

1,551,409

Demin Han

 

Borrowings

 

 

- 

 

 

 

 

 

1,708

Lei Yao

 

Borrowings

 

 

- 

 

 

 

 

 

2,843

Jingan Tang

 

Borrowings

 

 

622,042 

 

 

138,971

 

 

31,055

Total

 

 

 

$

765,040 

 

$

178,860

 

$

1,587,015