$YGMZF

MingZhu Logistics Holdings Ltd

CIK:0001782037|SEC Filings
v3.25.1
Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues $ 40,429,750 $ 89,002,243 $ 63,515,071
Costs and expenses      
General and administrative expenses 4,418,262 1,865,856 2,706,303
Sales and marketing expenses 409,065 359,352 109,346
Total costs and expenses 44,464,281 88,153,345 63,615,123
(Loss) Income from operations (4,034,531) 848,898 (100,052)
Other (expenses) income      
Interest expenses (369,012) (450,323) (789,306)
Other expenses (1,973,039) (33,372) (45,522)
Other income 201,517 268,454 1,102,722
Total other expenses, net (2,140,534) (215,240) 267,894
Share of income of equity method investees 21,965
(Loss) income before income taxes (6,153,100) 633,658 167,842
Provision for income taxes 34,411 268,567 226,169
Net (loss) income from continuing operations (6,187,511) 365,091 (58,327)
Discontinued operations      
Loss on disposal of discontinued operations (8,368,757)
Income/(loss) from discontinued operations (1,576,094) 1,954,515
(Loss)/income from discontinued operations (9,944,851) 1,954,515
Net (loss) income (6,187,511) (9,579,760) 1,896,188
Other comprehensive (loss) income      
Foreign currency translation adjustment (284,080) (86,450) (1,409,431)
Comprehensive (loss) income $ (6,471,591) $ (9,666,210) $ 486,758
Weighted average shares used in computation:      
Basic (in Shares) [1] 4,733,972 3,212,717 2,678,735
Diluted (in Shares) [1] 4,733,972 3,212,717 2,610,680
Earnings per share - basic (in Dollars per share) [1] $ (1.31) $ (2.98) $ 0.71
Earnings per share - diluted (in Dollars per share) [1] $ (1.31) $ (2.98) $ 0.73
Trucking Services      
Revenues $ 30,233,927 $ 68,400,751 $ 36,461,922
Costs and expenses      
Costs and expenses 29,986,007 66,540,754 34,789,989
Liquor Distributions      
Costs and expenses      
Costs and expenses 4,962 48,238
Car Owner Services      
Costs and expenses      
Costs and expenses $ 9,645,985 $ 19,339,145 $ 26,009,485
[1] Giving retroactive effect to the re-denomination and nominal issuance of shares effected on February 12, 2020, the surrender and cancellation of shares effected on May 21, 2020 and the reverse stock split effected on July 1, 2024.