RELATED PARTY TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2025

Related Party Transactions [Abstract]

SCHEDULE OF RELATED PARTY TRANSACTIONS

During the three months ended March 31, 2025 and 2024, the transactions with related parties are as follows:

	For the Three Months Ended March 31,
	2025		2024
Revenues, net
Medical Corporation Shobikai	$	11,552,455	$	13,118,597
Medical Corporation Kowakai		11,112,924		13,588,637
Medical Corporation Nasukai		12,290,845		12,060,223
Medical Corporation Aikeikai		3,642,703		5,608,462
Medical Corporation Jukeikai		1,173,970		1,905,912
Medical Corporation Ritz Cosmetic Surgery		1,513,623		908,314
Japan Medical & Beauty Inc.		9,833		10,105
Hariver Inc.		4,917		5,052
SBC Inc.		108		1,532
Public Interest Foundation SBC Medical Promotion Foundation		11		53
SBC Tokyo Medical University		14,162		32,805
Yoshiyuki Aikawa		29,187		43,458
AI Med Inc.		92		149
SBC Irvine MC		201,785		334,720
Medical Corporation Association Furinkai		2,634,692		2,292,637
Medical Corporation Association Junikai		1,069,239		557,778
SBC Shonan Osteopathic Clinic Inc.		—		1,773
Skynet Academy Co., Ltd.		6,556		—
Kijimadairakanko Inc.		43		—
Total	$	45,257,145	$	50,470,207

	For the Three Months Ended March 31,
Cost of revenues	2025		2024
Japan Medical & Beauty Inc.	$	3,299,356	$	1,797,359
Kijimadairakanko Inc.		68,178		—
SBC Tokyo Medical University		89,394		—
Total	$	3,456,928	$	1,797,359

As of March 31, 2025 and December 31, 2024, the balances with related parties are as follows:

Accounts receivable	March 31, 2025		December 31, 2024
Medical Corporation Shobikai	$	7,648,748	$	5,091,430
Medical Corporation Nasukai		8,295,382		8,552,722
Medical Corporation Kowakai		7,461,260		7,742,251
Medical Corporation Aikeikai		3,195,449		3,071,378
Medical Corporation Jukeikai		958,190		993,944
Medical Corporation Association Furinkai		956,271		1,263,602
Medical Corporation Ritz Cosmetic Surgery		945,756		817,283
Medical Corporation Association Junikai		245,846		283,298
SBC Tokyo Medical University		648		536
AI Med Inc.		35		33
SBC Inc.		145		137
Public Interest Foundation SBC Medical Promotion Foundation		48		36
SBC Shonan Osteopathic Clinic Inc.		245		4
SBC Irvine MC		849,828		693,850
Kijimadairakanko Inc.		61		336,176
Total	$	30,557,912	$	28,846,680

SBC MEDICAL GROUP HOLDINGS INCORPORATED

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 16 — RELATED PARTY TRANSACTIONS (cont.)

Finance lease receivables	March 31, 2025			December 31, 2024
Medical Corporation Shobikai	$	2,896,397		$	1,877,291
Medical Corporation Kowakai		3,550,329			2,490,705
Medical Corporation Nasukai		5,425,363			3,872,683
Medical Corporation Aikeikai		1,049,653			1,047,821
Medical Corporation Ritz Cosmetic Surgery		2,165,097			2,479,771
Medical Corporation Jukeikai		359,056			500,244
Medical Corporation Association Furinkai		1,921,603			1,891,412
Medical Corporation Association Junikai		531,881			197,452
SBC Shonan Osteopathic Clinic Inc.		30,111			32,788
Total		17,929,490			14,390,167
Less: current portion		(7,281,088	)		(5,992,585	)
Non-current portion	$	10,648,402		$	8,397,582

Due from related party, net	March 31, 2025			December 31, 2024
SBC Irvine MC	$	2,766,013		$	2,836,013
Less: allowance for credit loss		(2,766,013	)		(2,836,013	)
Total	$	—		$	—

Long-term investments in MCs – related parties	March 31, 2025		December 31, 2024
Medical Corporation Shobikai	$	6,690	$	6,378
Medical Corporation Kowakai		6,690		6,378
Medical Corporation Nasukai		6,690		6,378
Medical Corporation Aikeikai		6,690		6,378
Medical Corporation Jukeikai		7,195,144		6,859,913
Medical Corporation Ritz Cosmetic Surgery		11,469,881		10,935,485
Total	$	18,691,785	$	17,820,910

Accounts payable	March 31, 2025		December 31, 2024
Japan Medical & Beauty Inc.	$	1,032,052	$	659,044
SBC Tokyo Medical University		33,448		—
Kijimadairakanko Inc.		76,262		—
Total	$	1,141,762	$	659,044

Advances from customers	March 31, 2025		December 31, 2024
Medical Corporation Shobikai	$	4,942,797	$	5,076,300
Medical Corporation Kowakai		1,120,652		1,801,034
Medical Corporation Nasukai		1,259,764		1,745,069
Medical Corporation Aikeikai		146,893		379,931
Medical Corporation Jukeikai		67,861		140,170
Medical Corporation Ritz Cosmetic Surgery		26,294		45,701
SBC Shonan Osteopathic Clinic Inc.		22,779		16,395
Medical Corporation Association Furinkai		980,578		940,007
Medical Corporation Association Junikai		1,587,516		1,594,926
Total	$	10,155,134	$	11,739,533

SBC MEDICAL GROUP HOLDINGS INCORPORATED

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 16 — RELATED PARTY TRANSACTIONS (cont.)

Notes and other payables – related parties	March 31, 2025			December 31, 2024
Medical Corporation Shobikai	$	440,663		$	4,653
Medical Corporation Kowakai		447,543			14,672
Medical Corporation Nasukai		343,975			8,827
Medical Corporation Aikeikai		125,388			2,236
Medical Corporation Jukeikai		32,988			—
Medical Corporation Ritz Cosmetic Surgery		44,832			1,201
Total		1,435,389			31,589
Less: current portion		(1,422,976	)		(26,255	)
Non-current portion	$	12,413		$	5,334

Due to related party	March 31, 2025		December 31, 2024
Yoshiyuki Aikawa	$	2,822,537	$	2,823,590
Total	$	2,822,537	$	2,823,590

	For the Three Months Ended March 31,
Allowance for credit loss movement	2025			2024
Beginning balance	$	2,836,013		$	3,238,209
Provision for credit loss		—			152,579
Reversal of credit loss		(70,000	)		—
Ending balance	$	2,766,013		$	3,390,788