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SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT INFORMATION

Segment information is as follows:

 

   Dealerships   Financial Services   Consolidated 
   For the Year Ended December 31, 2025 
   Dealerships   Financial Services   Consolidated 
Revenues   117,286,647    2,579,651    119,866,298 
Cost of revenues   107,330,798    1,069,284    108,400,082 
Gross profit   9,955,849    1,510,367    11,466,216 
Operating expenses               
Depreciation and amortization   310,643    228    310,871 
Selling, general and administrative   2,274,522    153,359    2,427,881 
Advertising and marketing   1,088,231    73,806    1,162,037 
Professional services   415,330    43,680    459,010 
Salaries and wages   4,880,433    894,826    5,775,259 
Rent expenses   805,258    62,988    868,246 
Total operating expenses   9,774,417    1,228,887    11,003,304 
Other income (expenses)               
Interest expense, net   (2,257,256)   (3,985)   (2,261,241)
Other income   206,338    (391,839)   214,499 
Other expense   (19,922)   -    (19,922)
Total other (expense) income    (2,070,840)   (395,824)   (2,066,664)
Income tax benefit (expense)   155,458    (23,503)   131,955
Net (Loss) Income   (1,733,950)   (137,847)   (1,871,797)

 

 

   Dealerships   Financial Services   Consolidated 
   For the Year Ended December 31, 2024 
   Dealerships   Financial Services   Consolidated 
Revenues  $96,036,403   $2,959,159   $98,995,562 
Cost of revenues   88,973,509    1,241,143    90,214,652 
Gross profit   7,062,894    1,718,016    8,780,910 
Operating expenses               
Depreciation and amortization   255,012    228    255,240 
Selling, general and administrative   1,529,191    223,134    1,752,325 
Advertising and marketing   438,944    50,064    489,008 
Professional services   418,723    14,484    433,207 
Salaries and wages   1,777,483    912,360    2,689,843 
Rent expenses   392,722    84,642    477,364 
Total operating expenses   4,812,075    1,284,912    6,096,987 
Other income (expenses)             - 
Interest expense, net   (1,624,346)   1,885    (1,622,461)
Other income   20,122    1,985    22,107 
Other expense   (91,885)   -    (91,885)
Total other (expense) income    (1,696,109)   3,870    (1,692,239)
Net Income  $554,710   $436,974   $991,684 

 

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.

 

   Dealerships   Financial Services   Consolidated 
   As of December 31, 2025 
   Dealerships   Financial Services   Consolidated 
ASSETS               
Cash and cash equivalents  $12,051,377   $377,397   $12,428,774 
Accounts receivable, net   177,122    92,816    269,938 
Inventory   26,009,794    26,050   26,035,844 
Prepaid expense   664,287    41,969    706,256 
Other current assets   263,811    170,773    434,584 
Property, plant and equipment, net   821,408    1,823   823,231 
Other receivable   27,486    -    27,486 
Due from related party   44,623    -   44,623 
Intangible assets, net   560,406    -    560,406 
Right-of-use assets   6,516,415    -   6,516,415 
Goodwill   570,000    -    570,000 
TOTAL ASSETS  $47,706,729  $710,828   $48,417,557

 

   Dealerships   Financial Services   Combined and consolidated 
   For the Year Ended 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 
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