XML 134 R19.htm IDEA: XBRL DOCUMENT
v3.26.1

BANK LOANS | 12 Months Ended
--- | ---
Dec. 31, 2025
Debt Disclosure [Abstract] |
BANK LOANS | 11. BANK LOANS In September 2024, the Company’s subsidiary, Tianjin Lobo entered into a line of credit agreement of $410,998 (RMB3,000,000) with a financing company at an annual interest rate of 8.89%. The Company pays principal and interest monthly, and the credit agreement expires on August 31, 2027. $132,777 of the principal are due in 2025 thus classified as short-term, and remaining $236,513 of the principal is classified as long-term as of December 31, 2024; $151,429 of the principal is classified as short-term, and remaining $95,441 of the principal is classified as long-term as of December 31, 2025. In 2025, the Company’s subsidiaries, Jiangsu Lobo and Tianjin Lobo entered into line of credit agreements and have drawn a total of $2,817,062 (RMB19,700,000) with multiple banks in PRC at annual interest rates between 2.7% and 3.45%. The Company pays interest monthly or quarterly, and pays principal when each tranche of the borrowings expires between April and December of 2026. All of the principal of $2,817,062 are classified as short-term as of December 31, 2025. Short-term and long-term loans consisted of the following as of December 31, 2025 and 2024: SCHEDULE OF SHORT TERM AND LONG TERM LOAN
|  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Short-term loans |  | $ | 2,817,062 |  |  | $ | - |
Current portion, Long-term loans |  |  | 151,429 |  |  |  | 132,777 |
Total Short-term |  |  | 2,968,491 |  |  |  | 132,777 |
Non-current portion, Long-term loans |  |  | 95,441 |  |  |  | 236,513 |
Total |  | $ | 3,063,932 |  |  | $ | 369,290 |
Short-term loans consisted of the following as of December 31, 2025: SCHEDULE OF SHORT TERM LOAN
Bank Name |  | Amount-RMB |  |  | Amount - USD |  |  | Issuance Date |  | Expiration Date |  | Interest |
ABC Limited, Wuxi Liangxi Sub-branch |  |  | 3,500,000 |  |  |  | 500,494 |  |  | 2025/12/27 |  | 2026/10/25 |  |  | 3.05 | %
Bank of China Limited, Wuxi Huishan Sub-branch |  |  | 5,000,000 |  |  |  | 714,990 |  |  | 2025/4/29 |  | 2026/4/15 |  |  | 3.01 | %
Bank of Nanjing Co., Ltd. Wuxi Branch |  |  | 4,000,000 |  |  |  | 571,992 |  |  | 2025/9/25 |  | 2026/9/23 |  |  | 3.10 | %
China Construction Bank, Tianjin Wuqing Sub-branch |  |  | 5,000,000 |  |  |  | 714,990 |  |  | 2025/7/8 |  | 2026/7/8 |  |  | 3.45 | %
ICBC Limited, Wuxi Xishan Sub-branch |  |  | 2,200,000 |  |  |  | 314,596 |  |  | 2025/12/30 |  | 2026/12/30 |  |  | 2.70 | %
Total |  |  | 19,700,000 |  |  |  | 2,817,062 |  |  |  |  |  |  |  |  |
The following is a maturity analysis of long-term loans as of December 31, 2025: SCHEDULE OF MATURITY ANALYSIS
|  | RMB |  |  | USD |
Years ending December 31, |  |  |  |  |  |  |  |
2026 |  |  | 1,058,956 |  |  |  | 151,429 |
2027 |  |  | 667,426 |  |  |  | 95,441 |
Total long-term loans |  |  | 1,726,382 |  |  | $ | 246,870 |
For the years ended December 31, 2025, 2024 and 2023, the Company recorded interest expenses of $82,481, $35,701 and $7,929, respectively.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
Name: | us-gaap_ShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration