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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Defined Benefit Plan Disclosure [Line Items]        
Total revenues, net $ 53,084,883 $ 47,278,685 $ 160,995,005 $ 131,192,729
Cost of revenues 9,845,793 13,780,309 38,816,865 37,256,066
Gross profit 43,239,090 33,498,376 122,178,140 93,936,663
Operating expenses:        
Selling, general and administrative expenses 16,597,032 13,446,618 43,784,637 46,885,138
Stock-based compensation 12,807,455 12,807,455
Misappropriation loss 28,516 380,766
Total operating expenses 29,404,487 13,475,134 56,592,092 47,265,904
Income from operations 13,834,603 20,023,242 65,586,048 46,670,759
Other income (expenses):        
Interest income 7,950 10,234 37,283 86,345
Interest expense (5,466) (3,978) (15,898) (37,380)
Other income 65,922 1,138,869 721,894 3,875,723
Other expenses (795,158) (98,314) (2,746,450) (581,239)
Gain on disposal of subsidiary 3,813,609
Total other income (expenses) (726,752) 1,046,811 1,810,438 3,343,449
Income before income taxes 13,107,851 21,070,053 67,396,486 50,014,208
Income tax expense 10,273,384 13,012,262 27,254,478 25,683,244
Net income 2,834,467 8,057,791 40,142,008 24,330,964
Less: net income (loss) attributable to non-controlling interests 1,573 (298,623) 66,954 (696,812)
Net income attributable to SBC Medical Group Holdings Incorporated 2,832,894 8,356,414 40,075,054 25,027,776
Other comprehensive income (loss):        
Foreign currency translation adjustment 20,783,646 (974,249) 1,543,245 (19,825,222)
Reclassification of unrealized gain on available-for-sale debt security to net income when realized, net of tax effect of nil and $(97,856) for the three months ended September 30, 2024 and 2023, respectively; nil and $(97,856) for the nine months ended September 30, 2024 and 2023, respectively (205,383) (8,760)
Total comprehensive income 23,618,113 6,878,159 41,685,253 4,496,982
Less: comprehensive income (loss) attributable to non-controlling interests 180,093 (387,948) 110,093 (1,129,475)
Comprehensive income attributable to SBC Medical Group Holdings Incorporated $ 23,438,020 $ 7,266,107 $ 41,575,160 $ 5,626,457
Net income per share attributable to SBC Medical Group Holdings Incorporated - Basic [1] $ 0.03 $ 0.09 $ 0.42 $ 0.27
Net income per share attributable to SBC Medical Group Holdings Incorporated - Diluted [1] $ 0.03 $ 0.09 $ 0.42 $ 0.27
Weighted average shares outstanding - Basic [1] 95,095,144 94,192,433 94,495,533 94,192,433
Weighted average shares outstanding - Diluted [1] 95,095,144 94,192,433 94,495,533 94,192,433
Related Party [Member]        
Defined Benefit Plan Disclosure [Line Items]        
Total revenues, net $ 51,209,243 $ 45,119,709 $ 152,718,488 $ 125,336,653
Nonrelated Party [Member]        
Defined Benefit Plan Disclosure [Line Items]        
Total revenues, net $ 1,875,640 $ 2,158,976 $ 8,276,517 $ 5,856,076
[1] Retrospectively restated for effect of reverse recapitalization on September 17, 2024.