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Consolidated Statements of Income and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Consolidated Statements of Income and Comprehensive Income      
Revenue - third parties $ 12,770,907 $ 14,042,956 $ 16,267,211
Revenue - related parties 39,342 319,546 67,189
Total revenues 12,810,249 14,362,502 16,334,400
Cost of revenue - third parties 7,187,415 7,378,471 7,025,855
Cost of revenue - related parties 25,291 273,122 41,566
Total cost of revenues 7,212,706 7,651,593 7,067,421
Gross profit 5,597,543 6,710,909 9,266,979
Operating expenses      
Selling expenses 595,995 421,869 614,049
General and administrative expenses 4,594,438 4,397,603 4,540,771
Research and development expenses 1,063,210 791,762 829,211
Total operating expenses 6,253,643 5,611,234 5,984,031
(Loss) income from operations (656,100) 1,099,675 3,282,948
Other income (expense)      
Other income, net 220,477 336,576 197,290
Lease income - related party 19,762 19,126 25,129
Financial income (expenses), net 122,226 (160,735) (35,699)
Total other income, net 362,465 194,967 186,720
(Loss) income before income taxes (293,635) 1,294,642 3,469,668
Income tax expense (278,082) (537,881) (628,534)
Net (loss) income (571,717) 756,761 2,841,134
Less: net loss attributable to noncontrolling interests (91,698) (99,775) (10,333)
Net (loss) income attributable to Tungray Technologies Inc (480,019) 856,536 2,851,467
Foreign currency translation adjustment (735,131) 113,999 (433,825)
Comprehensive (loss) income (1,306,848) 870,760 2,407,309
Less: comprehensive loss attributable to noncontrolling interests (99,086) (100,078) (13,265)
Total comprehensive (loss) income attributable to Tungray Technologies Inc $ (1,207,762) $ 970,838 $ 2,420,574
Weighted average number of common shares outstanding - basic and diluted 15,949,600 15,000,000 15,000,000
(Loss) earnings per share - basic and diluted $ (0.03) $ 0.06 $ 0.19