INVENTORIES, NET

3 Months Ended

Mar. 31, 2026

Inventory Disclosure [Abstract]

INVENTORIES, NET

NOTE 4 — INVENTORIES, NET

Inventories, net as of March 31, 2026 and December 31, 2025 consist of the following:

SCHEDULE OF INVENTORIES

		March 31, 2026 (unaudited)				December 31, 2025
Products and accessories		$	15,892,009			$	15,991,092
Parts			2,617,385				2,181,292
Inventories in transit			1,014,472				3,664,403
Freight and duty			4,883,592				4,640,666
Inventory, gross			24,407,458				26,477,453
Less: inventory allowance			(469,900	)			(469,900	)
Inventories, net		$	23,937,558			$	26,007,553

MASSIMO GROUP AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 4 — INVENTORIES (continued)

The inventory allowance movement is as follows:

SCHEDULE OF INVENTORY ALLOWANCE

		March 31, 2026 (unaudited)				December 31, 2025
Beginning balance		$	469,900			$	469,900
Addition of provision			-				-
Ending balance		$	469,900			$	469,900

Impairment provision of inventories recorded for lower of cost or net realizable value adjustments were nil and nil for the three months ended March 31, 2026 and 2025, respectively.

Partial inventories of $19,150,046 and $20,806,042 as of March 31, 2026 and December 31, 2025, respectively were pledged for the Company’s line of credit facility at Cathay Bank.