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SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
SCHEDULE OF SEGMENT INFORMATION | Segment information is as follows: SCHEDULE OF SEGMENT INFORMATION
|  | For the nine months ended September 30, 2025 |
|  | Dealerships |  |  | Financial Services |  |  | Combined and consolidated |
Revenues |  |  | 80,733,434 |  |  |  | 1,858,754 |  |  |  | 82,592,188 |
Cost of revenues |  |  | 73,459,661 |  |  |  | 759,317 |  |  |  | 74,218,978 |
Gross profit |  |  | 7,273,773 |  |  |  | 1,099,437 |  |  |  | 8,373,210 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 210,201 |  |  |  | 171 |  |  |  | 210,372 |
Selling, general and administrative |  |  | 1,353,871 |  |  |  | 87,377 |  |  |  | 1,441,248 |
Advertising and marketing |  |  | 522,375 |  |  |  | 75,131 |  |  |  | 597,506 |
Professional services |  |  | 140,192 |  |  |  | 30,180 |  |  |  | 170,372 |
Salaries and wages |  |  | 2,403,647 |  |  |  | 710,317 |  |  |  | 3,113,964 |
Rent expenses |  |  | 533,872 |  |  |  | 62,378 |  |  |  | 596,250 |
Total operating expenses |  |  | 5,164,158 |  |  |  | 965,554 |  |  |  | 6,129,712 |
Operating income |  |  | 2,109,615 |  |  |  | 133,883 |  |  |  | 2,243,498 |
Other income (expenses) |  |  |  |  |  |  |  |  |  |  | - |
Interest expense, net |  |  | (1,612,887 | ) |  |  | (3,985 | ) |  |  | (1,616,872 | )
Other income (expense) |  |  | 143,889 |  |  |  | 6,434 |  |  |  | 150,323 |
Total other (expense) |  |  | (1,468,998 | ) |  |  | 2,449 |  |  |  | (1,466,549 | )
Net Income |  | $ | 640,617 |  |  | $ | 136,332 |  |  | $ | 776,949 |
|  | For the nine months ended September 30, 2024 |
|  | Dealerships |  |  | Financial Services |  |  | Combined and consolidated |
Revenues |  |  | 67,061,316 |  |  |  | 2,164,555 |  |  |  | 69,225,871 |
Cost of revenues |  |  | 61,437,517 |  |  |  | 858,739 |  |  |  | 62,296,256 |
Gross profit |  |  | 5,623,799 |  |  |  | 1,305,816 |  |  |  | 6,929,615 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 200,788 |  |  |  | 5,999 |  |  |  | 206,787 |
Selling, general and administrative |  |  | 941,018 |  |  |  | 112,257 |  |  |  | 1,053,275 |
Advertising and marketing |  |  | 227,219 |  |  |  | 86,862 |  |  |  | 314,081 |
Professional services |  |  | 285,869 |  |  |  | 2,506 |  |  |  | 288,375 |
Salaries and wages |  |  | 1,454,145 |  |  |  | 693,998 |  |  |  | 2,148,143 |
Rent expenses |  |  | 249,284 |  |  |  | 64,230 |  |  |  | 313,514 |
Total operating expenses |  |  | 3,358,323 |  |  |  | 965,852 |  |  |  | 4,324,175 |
Operating income |  |  | 2,265,476 |  |  |  | 339,964 |  |  |  | 2,605,440 |
Other income (expenses) |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | (1,126,477 | ) |  |  | (79,161 | ) |  |  | (1,205,638 | )
Other income (expense) |  |  | 263,923 |  |  |  | 8,749 |  |  |  | 272,672 |
Total other (expense) |  |  | (862,554 | ) |  |  | (70,412 | ) |  |  | (932,966 | )
Net Income |  | $ | 1,402,922 |  |  | $ | 269,552 |  |  | $ | 1,672,474 |
The total assets for each segment are presented in accordance with segment reporting requirements of ASC 280-10, which requires the disclosure of total assets for each reportable segment.
|  | As of September 30, 2025 |
|  | Dealerships |  |  | Financial Services |  |  | Combined and consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,682,812 |  |  | $ | 584,752 |  |  |  | 2,267,564 |
Accounts receivable, net |  |  | 218,483 |  |  |  | 25,917 |  |  |  | 244,400 |
Inventory |  |  | 23,990,133 |  |  |  | 25,850 |  |  |  | 24,015,983 |
Prepaid expense |  |  | 2,203,600 |  |  |  | 77,747 |  |  |  | 2,281,347 |
Private label receivable |  |  | - |  |  |  | - |  |  |  | - |
Other current assets |  |  | 293,750 |  |  |  | 74,367 |  |  |  | 368,117 |
Property, plant and equipment, net |  |  | 496,276 |  |  |  | 1,880 |  |  |  | 498,156 |
Other receivable |  |  | 43,366 |  |  |  | - |  |  |  | 43,366 |
Intangible assets |  |  | 456,111 |  |  |  | - |  |  |  | 456,111 |
Right-of-use assets |  |  | 1,868,839 |  |  |  | - |  |  |  | 1,868,839 |
Goodwill |  |  | 570,000 |  |  |  | - |  |  |  | 570,000 |
TOTAL ASSETS |  | $ | 31,823,370 |  |  | $ | 790,513 |  |  | $ | 32,613,883 |
|  | As of December 31, 2024 |
|  | Dealerships |  |  | Financial Services |  |  | Combined and consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2,714,469 |  |  | $ | 212,657 |  |  |  | 2,927,126 |
Accounts receivable, net |  |  | 59,644 |  |  |  | 44,673 |  |  |  | 104,317 |
Inventory |  |  | 22,593,422 |  |  |  | - |  |  |  | 22,593,422 |
Prepaid expense |  |  | 2,337,100 |  |  |  | 51,682 |  |  |  | 2,388,782 |
Prepaid expense - related party |  |  | - |  |  |  | - |  |  |  | - |
Prepaid expense |  |  | - |  |  |  | - |  |  |  | - |
Private label receivable |  |  | - |  |  |  | 190,492 |  |  |  | 190,492 |
Other current assets |  |  | 542,856 |  |  |  | 297,545 |  |  |  | 840,401 |
Property, plant and equipment, net |  |  | 459,658 |  |  |  | 2,051 |  |  |  | 461,709 |
Other receivable |  |  | 42,192 |  |  |  | - |  |  |  | 42,192 |
Due from related party |  |  | 11,313 |  |  |  | - |  |  |  | 11,313 |
Right-of-use assets |  |  | 1,450,367 |  |  |  | 55,619 |  |  |  | 1,505,986 |
Goodwill |  |  | 570,000 |  |  |  | - |  |  |  | 570,000 |
TOTAL ASSETS |  | $ | 30,781,021 |  |  | $ | 854,719 |  |  | $ | 31,635,740 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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