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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash $ 8,968,814 $ 10,802,405
Restricted cash 503,544 0
Accounts and notes receivable, net 2,393,902 3,574,739
Accounts receivable - related parties 327,556 319,589
Inventories, net 2,206,329 2,283,809
Prepayments, net 726,991 259,950
Prepayments - related parties, net 3,815,321 1,048,745
Other receivables and other current assets, net 507,523 215,651
Other receivables - related parties 320,447 23,816
Total current assets 19,770,427 18,528,704
PROPERTY AND EQUIPMENT, NET 6,173,176 6,326,369
OTHER ASSETS    
Prepaid expenses and deposits 79,088 23,163
Prepayment for land use right 1,987,685 0
Long-term investment 205,499 211,271
Operating right-of-use assets 1,411,033 712,261
Finance right-of-use assets 221,847 0
Intangible assets 59,148 55,842
Deferred initial public offering ("IPO") costs 0 1,192,734
Total non-current assets 3,964,300 2,195,271
Total assets 29,907,903 27,050,344
CURRENT LIABILITIES    
Accounts payable 1,359,244 1,048,271
Accounts payable - related parties 79,988 498,923
Contract liabilities 6,115,315 4,010,832
Accrued expenses and other payables 1,450,005 1,289,941
Other payables - related parties 338,453 670,866
Current portion of banking facilities 80,588 140,162
Current portion of operating lease liabilities 184,201 46,232
Current portion of operating lease liabilities - related party 168,551 123,094
Current portion of finance lease liabilities 123,762 0
Taxes payable 703,264 1,206,141
Total current liabilities 10,603,371 9,034,462
OTHER LIABILITIES    
Banking facilities 1,161,174 1,951,389
Operating lease liabilities 692,329 10,603
Operating lease liabilities - related party 190,752 339,450
Total other liabilities 2,044,255 2,301,442
Total liabilities 12,647,626 11,335,904
EQUITY    
Additional paid-in capital 3,135,124 332,574
Retained earnings 15,050,543 15,530,562
Statutory reserves 248,761 248,761
Accumulated other comprehensive loss (1,012,187) (284,444)
Total Tungray Technologies Inc's equity 17,423,876 15,828,953
NONCONTROLLING INTERESTS (163,599) (114,513)
TOTAL EQUITY 17,260,277 15,714,440
Total liabilities and shareholders' equity 29,907,903 27,050,344
Common Class A    
EQUITY    
Ordinary Shares, Value 1,179 1,044
TOTAL EQUITY 1,179 1,044
Common Class B    
EQUITY    
Ordinary Shares, Value 456 456
TOTAL EQUITY $ 456 $ 456