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CONDENSED PARENT ONLY FINANCIAL STATEMENTS
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
CONDENSED PARENT ONLY FINANCIAL STATEMENTS

18. CONDENSED PARENT ONLY FINANCIAL STATEMENTS

 

The condensed parent company financial statements have been prepared in accordance with Rule 12-04, Schedule I of Regulation S-X as the restricted net assets of the subsidiaries of the Company exceed 25% of the consolidated net assets of the Company. The ability of the Company’s operating subsidiaries to pay dividends may be restricted due to the restriction of paid-in capital, additional paid-in capital and statutory surplus reserves of the Company under PRC laws and regulations.

 

The condensed parent company financial statements have been prepared using the same accounting principles and policies described in the notes to the consolidated financial statements. Please refer to the consolidated financial statements and notes presented above for additional information and disclosures with respect to these financial statements.

 

LOBO TECHNOLOGIES LTD
(Parent Company Only)
CONDENSED BALANCE SHEETS
(IN U.S. DOLLARS)

  

   2025   2024 
   As of 
   December 31,   December 31, 
   2025   2024 
Assets        
Investment in subsidiaries  $6,987,304   $9,321,708 
Total Assets   6,987,304    9,321,708 
           
Liabilities and Shareholders’ Equity          
Shareholders’ equity:          
Ordinary shares (US$0.001 par value per share; nil and 50,000,000 shares authorized as of December 31, 2025 and 2024; Nil and 8,630,000 shares issued as of December 31, 2025 and 2024, respectively; Nil and 7,780,000 shares outstanding as of December 31, 2025 and 2024, respectively)   -    8,630 
Class A ordinary shares (US$0.001 par value per share; 90,000,000 and nil shares authorized as of December 31, 2025 and 2024; 8,838,194 and nil shares issued and outstanding as of December 31, 2025 and 2024, respectively)   8,839    - 
Class B ordinary shares (US$0.001 par value per share; 10,000,000 and nil shares authorized as of December 31, 2025 and 2024; 3,730,320 and nil shares issued and outstanding as of December 31, 2025 and 2024, respectively)   3,730    - 
Subscription receivable   -    - 
Additional paid-in capital   10,804,674    8,781,273 
Retained earnings   (3,630,560)   1,109,567 
Accumulated other comprehensive income   (199,379)   (577,762)
Equity attributable to LOBO Technologies LTD’s shareholders  $6,987,304   $9,321,708 
Total shareholders’ equity   6,987,304    9,321,708 
Total Liabilities and Shareholders’ Equity   6,987,304    9,321,708 

 

 

LOBO TECHNOLOGIES LTD
(Parent Company Only)
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
(IN U.S. DOLLARS)
SCHEDULE OF PARENT COMPANY CONDENSED STATEMENT OF OPERATION

 

   2025   2024 
   As of 
   December 31,   December 31, 
   2025   2024 
Revenues  $-   $- 
Cost of revenues   -    - 
Gross Profit   -    - 
           
Operating expenses          
Selling and marketing expenses   -    - 
General and administrative expenses   -    - 
Research and development expenses   -    - 
Total operating expenses   -    - 
           
Operating income   -    - 
           
Other expenses (income)          
Interest expense (income)   -    - 
Other (income) expense   -    - 
Total other expenses, net   -    - 
Income before income tax expense   -    - 
Income tax expense   -    - 
Equity income of subsidiaries   (5,476,695)   (812,836)
Net Income  $(5,476,695)  $(812,836)
           
Other comprehensive income (loss):          
Foreign currency translation adjustments   378,383    (199,972)
Total comprehensive income  $(5,098,312)  $(1,012,808)

 

 

LOBO TECHNOLOGIES LTD
(Parent Company Only)
CONDENSED STATEMENTS OF CASH FLOWS
(IN U.S. DOLLARS)

 

   2025   2024 
   As of 
   December 31,   December 31, 
   2025   2024 
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income  $(5,476,695)  $(812,836)
Adjustment to reconcile net income to net cash provided by (used in) operating activities          
Equity income of subsidiaries   5,476,695    812,836 
Net cash provided by (used in) operating activities   -    - 
           
CASH FLOWS FROM INVESTING ACTIVITIES          
Net cash used in investing activities   -    - 
           
CASH FLOWS FROM FINANCING ACTIVITIES          
Net cash provided by financing activities   -    - 
           
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS   -    - 
CASH AND CASH EQUIVALENTS, beginning of period   -    - 
CASH AND CASH EQUIVALENTS, end of period  $-   $- 

 

Dividends

 

The Company through its PRC subsidiaries paid cash dividends of nil and nil to its shareholders for the years ended December 31, 2025 and 2024, respectively.