ACCRUED LIABILITIES AND OTHER CURRENT LIABILITIES

9 Months Ended

Sep. 30, 2024

Payables and Accruals [Abstract]

ACCRUED LIABILITIES AND OTHER CURRENT LIABILITIES

NOTE 11 — ACCRUED LIABILITIES AND OTHER CURRENT LIABILITIES

As of September 30, 2024 and December 31, 2023, accrued liabilities and other current liabilities consist of the following:

	September 30, 2024		December 31, 2023
Individual income tax withheld on behalf of employees	$	1,336,101	$	943,195
Wages and bonus payables		3,368,479		6,264,711
Consumption tax payable		5,555,456		12,968,580
Liabilities assumed in connection with purchase of property and equipment		591,986		656,508
Excise and franchise tax payable		1,015,884		—
Others		186,141		176,015
Total	$	12,054,047	$	21,009,009

SBC MEDICAL GROUP HOLDINGS INCORPORATED

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS