RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

SCHEDULE OF RELATED PARTY TRANSACTIONS

During the years ended December 31, 2024 and 2023, the transactions with related parties are as follows:

	For the Years Ended December 31,
Revenues from related parties	2024		2023
Medical Corporation Shobikai	$	53,862,520	$	56,554,316
Medical Corporation Kowakai		46,756,189		45,115,149
Medical Corporation Nasukai		46,355,437		45,893,461
Medical Corporation Aikeikai		17,997,072		21,521,302
Medical Corporation Jukeikai		5,666,907		4,518,846
Medical Corporation Ritz Cosmetic Surgery		7,435,446		2,603,405
Japan Medical & Beauty Inc.		39,620		488,023
Hariver Inc.		19,810		21,740
SBC Inc., previously known as SBC China Inc.		2,512		467
Public Interest Foundation SBC Medical Promotion Foundation		107		387
General Incorporated Association SBC		801		569
SBC Tokyo Medical University, previously known as Ryotokuji University		45,286		231,191
Yoshiyuki Aikawa		98,445		67,516
Mizuho Yamashita		—		19,214
Amulet Inc.		—		3,587
AI Med Inc.		787		556,397
SBC Irvine MC		1,204,107		1,298,539
Medical Corporation Association Furinkai		11,708,183		2,923,608
Medical Corporation Association Junikai		3,923,228		851,105
General Incorporated Association Taiseikai		692		—
SBC Shonan Osteopathic Clinic Co., Ltd.		56,740		69,227
Total	$	195,173,889	$	182,738,049

SBC MEDICAL GROUP HOLDINGS INCORPORATED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 18 — RELATED PARTY TRANSACTIONS (cont.)

As of December 31, 2024 and 2023, the balances with related parties are as follows:

Accounts receivable	December 31, 2024		December 31, 2023
Medical Corporation Shobikai	$	5,091,430	$	9,251,427
Medical Corporation Nasukai		8,552,722		8,447,448
Medical Corporation Kowakai		7,742,251		7,841,059
Medical Corporation Aikeikai		3,071,378		4,661,649
Medical Corporation Jukeikai		993,944		1,358,213
Medical Corporation Association Furinkai		1,263,602		1,039,074
Medical Corporation Ritz Cosmetic Surgery		817,283		520,891
Medical Corporation Association Junikai		283,298		348,187
Japan Medical & Beauty Inc.		—		139,767
SBC Tokyo Medical University, previously known as Ryotokuji University		536		66,546
AI Med Inc.		33		2,329
SBC Inc., previously known as SBC China Inc.		137		45
Public Interest Foundation SBC Medical Promotion Foundation		36		37
SBC Shonan Osteopathic Clinic Co., Ltd.		4		—
SBC Irvine MC		693,850		—
Kijimadairakanko Inc.		336,176		—
Total	$	28,846,680	$	33,676,672

Finance lease receivables	December 31, 2024			December 31, 2023
Medical Corporation Shobikai	$	1,877,291		$	2,568,709
Medical Corporation Kowakai		2,490,705			2,779,347
Medical Corporation Nasukai		3,872,683			2,019,117
Medical Corporation Aikeikai		1,047,821			1,782,124
Medical Corporation Ritz Cosmetic Surgery		2,479,771			79,439
Medical Corporation Jukeikai		500,244			335,317
Medical Corporation Association Furinkai		1,891,412			—
Medical Corporation Association Junikai		197,452			—
SBC Shonan Osteopathic Clinic Co., Ltd.		32,788			—
Total	$	14,390,167		$	9,564,053
Less: current portion		(5,992,585	)		(6,143,564	)
Non-current portion	$	8,397,582		$	3,420,489

Due from related party, net	December 31, 2024			December 31, 2023
SBC Irvine MC	$	2,836,013		$	3,238,209
Less: allowance for credit loss		(2,836,013	)		(3,238,209	)
Total	$	—		$	—

Long-term investments in MCs - related parties	December 31, 2024		December 31, 2023
Medical Corporation Shobikai	$	6,378	$	7,090
Medical Corporation Kowakai		6,378		7,090
Medical Corporation Nasukai		6,378		7,090
Medical Corporation Aikeikai		6,378		7,090
Medical Corporation Jukeikai		6,859,913		7,626,184
Medical Corporation Ritz Cosmetic Surgery		10,935,485		12,157,011
Total	$	17,820,910	$	19,811,555

SBC MEDICAL GROUP HOLDINGS INCORPORATED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 18 — RELATED PARTY TRANSACTIONS (cont.)

Accounts payable	December 31, 2024		December 31, 2023
Japan Medical & Beauty Inc.	$	659,044	$	—
Total	$	659,044	$	—

Advances from customers	December 31, 2024		December 31, 2023
Medical Corporation Shobikai	$	5,076,300	$	13,438,645
Medical Corporation Kowakai		1,801,034		4,237,765
Medical Corporation Nasukai		1,745,069		4,117,597
Medical Corporation Aikeikai		379,931		1,168,947
Medical Corporation Jukeikai		140,170		85,044
Medical Corporation Ritz Cosmetic Surgery		45,701		10,177
SBC Shonan Osteopathic Clinic Co., Ltd.		16,395		—
Medical Corporation Association Furinkai		940,007		—
Medical Corporation Association Junikai		1,594,926		—
Total	$	11,739,533	$	23,058,175

Notes payable – related parties	December 31, 2024			December 31, 2023
Medical Corporation Shobikai	$	4,653		$	5,264,101
Medical Corporation Kowakai		14,672			3,855,650
Medical Corporation Nasukai		8,827			4,099,032
Medical Corporation Aikeikai		2,236			1,561,642
Medical Corporation Jukeikai		—			268,552
Medical Corporation Ritz Cosmetic Surgery		1,201			268,445
Total	$	31,589		$	15,317,422
Less: current portion		(26,255	)		(3,369,203	)
Non-current portion	$	5,334		$	11,948,219

Due to related party	December 31, 2024		December 31, 2023
Yoshiyuki Aikawa	$	2,823,590	$	3,583,523
Total	$	2,823,590	$	3,583,523

Allowance for credit loss movement	December 31, 2024			December 31, 2023
Beginning balance	$	3,238,209		$	2,867,455
Provision for credit loss		622,804			370,754
Reversal of credit loss		(1,025,000	)		—
Ending balance	$	2,836,013		$	3,238,209

Other income	December 31, 2024		December 31, 2023
Medical Corporation Shobikai	$	999,350	$	—
Medical Corporation Kowakai		568,092		—
Medical Corporation Nasukai		764,809		—
Medical Corporation Aikeikai		316,352		—
Medical Corporation Jukeikai		24,474		—
Total	$	2,673,077	$	—