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Note 12 - Related party balances and transactions: Schedule of related party transactions (Tables)
12 Months Ended
Dec. 31, 2024
Tables/Schedules  
Schedule of related party transactions

Revenue from related parties

 

 

 

 

For the Years Ended December 31,

 

Name of Related Party

Nature

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

Tungray (Kunshan) Industrial Automation Co., Ltd.

Sales of products

 

$

8,581

 

 

$

231,209

 

 

$

-

 

Tungray (Kunshan) Robot Intelligent Technology Co., Ltd.

Sales of products

 

 

-

 

 

 

26,245

 

 

 

-

 

FDT (Qingdao) Intellectual Technology Co., Ltd.

Sales of products

 

 

30,761

 

 

 

4,602

 

 

 

66,096

 

Kunshan Tungray Intelligent Technology Co., Ltd.

Sales of products

 

 

-

 

 

 

57,490

 

 

 

-

 

Kunshan Tongri Intelligent Manufacturing Technology Research Institute Co., Ltd

Sales of products

 

 

-

 

 

 

-

 

 

 

1,093

 

Total

 

 

$

39,342

 

 

$

319,546

 

 

$

67,189

 

 

 

Purchase from related parties

 

 

 

 

 

 

For the Years Ended December 31,

 

Name of Related Party

 

Nature

 

 

2024

 

 

2023

 

 

2022

 

FDT (Qingdao) Intellectual Technology Co., Ltd.

 

Products and services purchase

 

 

$

12,298

 

 

$

961,525

 

 

$

41,566

 

Tungray (Kunshan) Industrial Automation Co., Ltd.

 

Products and services purchase

 

 

 

12,993

 

 

 

-

 

 

 

-

 

Total

 

 

 

 

$

25,291

 

 

$

961,525

 

 

$

41,566

 

  

Non-operating income- related parties

  

 

 

 

 

 

 

For the Years Ended December 31,

 

Name of Related Party

 

Nature

 

 

 

2024

 

 

2023

 

 

2022

 

Qingdao Tungray Biology Technology Co., Ltd

 

Lease income

 

 

 

$

19,762

 

 

$

19,126

 

 

$

25,129

 

  

Rental expenses- related parties

  

 

 

 

 

 

 

For the Years Ended December 31,

 

Name of Related Party

 

 

Nature

 

 

2024

 

 

2023

 

 

2022

 

Qingdao Tungray Technology Development Co., Ltd

 

 

Lease expense

 

 

$

59,963

 

 

$

66,476

 

 

$

51,219

 

Jingan Tang

 

 

Lease expense

 

 

 

71,255

 

 

 

72,411

 

 

 

63,841

 

Total

 

 

 

 

 

$

131,218

 

 

$

138,887

 

 

$

115,060