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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 125,044,092 $ 103,022,932
Inventories 1,494,891 3,090,923
Finance lease receivables, current – related parties 5,992,585 6,143,564
Customer loans receivable, current 10,382,537 8,484,753
Prepaid expenses and other current assets 11,276,802 10,050,005
Total current assets 184,451,020 165,905,926
Non-current assets:    
Property and equipment, net 8,771,902 13,582,017
Intangible assets, net 1,590,052 19,739,276
Long-term investments, net 3,049,972 849,434
Goodwill, net 4,613,784 3,590,791
Finance lease receivables, non-current – related parties 8,397,582 3,420,489
Operating lease right-of-use assets 5,267,056 5,919,937
Deferred tax assets 9,798,071
Customer loans receivable, non-current 5,023,551 6,444,025
Long-term prepayments 1,745,801 4,099,763
Long-term investments in MCs – related parties 17,820,910 19,811,555
Other assets 15,553,453 15,442,058
Total non-current assets 81,632,134 92,899,345
Total assets 266,083,154 258,805,271
Current liabilities:    
Current portion of long-term loans 96,824 156,217
Notes payable, current – related parties 26,255 3,369,203
Income tax payable 18,705,851 8,782,930
Operating lease liabilities, current 4,341,522 3,885,812
Accrued liabilities and other current liabilities 8,103,194 21,009,009
Total current liabilities 61,191,890 92,451,270
Non-current liabilities:    
Long-term loans 6,502,682 1,062,722
Notes payable, non-current – related parties 5,334 11,948,219
Deferred tax liabilities 926,023 6,013,565
Operating lease liabilities, non-current 1,241,526 2,444,316
Other liabilities 1,193,541 1,074,930
Total non-current liabilities 9,869,106 22,543,752
Total liabilities 71,060,996 114,995,022
Stockholders’ equity:    
Preferred stock ($0.0001 par value, 20,000,000 shares authorized; no shares issued and outstanding as of December 31, 2024 and 2023) [1]
Common stock ($0.0001 par value, 400,000,000 shares authorized, 103,020,816 and 94,192,433 shares issued, 102,750,816 and 94,192,433 shares outstanding as of December 31, 2024 and 2023, respectively) [1] 10,302 9,419
Additional paid-in capital [1] 62,513,923 36,879,281
Treasury stock (at cost, 270,000 and nil shares as of December 31, 2024 and 2023, respectively) (2,700,000)
Retained earnings 189,463,007 142,848,732
Accumulated other comprehensive loss (54,178,075) (37,578,255)
Total SBC Medical Group Holdings Incorporated stockholders’ equity 195,109,157 142,159,177
Non-controlling interests (86,999) 1,651,072
Total stockholders’ equity 195,022,158 143,810,249
Total liabilities and stockholders’ equity 266,083,154 258,805,271
Nonrelated Party [Member]    
Current assets:    
Accounts receivable 1,413,433 1,437,077
Current liabilities:    
Accounts payable 13,875,179 26,531,944
Advances from customers 820,898 2,074,457
Related Party [Member]    
Current assets:    
Accounts receivable 28,846,680 33,676,672
Current liabilities:    
Accounts payable 659,044
Advances from customers 11,739,533 23,058,175
Due to related party $ 2,823,590 $ 3,583,523
[1] Retrospectively restated for effect of reverse recapitalization on September 17, 2024.