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SEGMENT INFORMATION (Tables)
 9 Months Ended
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 
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   -    -    - 
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