$ILAG
Intelligent Living Application Group Inc.
CIK:0001814963|SEC Filings
Consolidated Statements of Operations and Comprehensive Loss - USD ($) |
12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|||
| Income Statement [Abstract] | |||||
| Revenues | $ 4,493,572 | $ 7,506,551 | $ 6,443,357 | ||
| Cost of goods sold | (3,967,026) | (5,831,949) | (5,464,591) | ||
| Cost of goods sold – idle capacity | (396,744) | (362,894) | (345,424) | ||
| Gross profit | 129,802 | 1,311,708 | 633,342 | ||
| Selling and marketing | (281,294) | (1,102,778) | (59,841) | ||
| General and administrative | (14,757,294) | (3,403,903) | (4,440,314) | ||
| Research and development | (1,650,938) | (649,753) | |||
| Impairment loss of property, plant and equipment | (2,746,026) | ||||
| Finance costs | (47,284) | (25,834) | (26,935) | ||
| Loss from operations | (19,353,034) | (3,870,560) | (3,893,748) | ||
| Other income | |||||
| Interest income | 7,920 | 83,377 | 244,840 | ||
| Foreign exchange gain | 28,400 | 40,546 | 47,237 | ||
| Other (expense) income, net | (4,871) | 139,564 | 156,390 | ||
| Total other income, net | 31,449 | 263,487 | 448,467 | ||
| Loss before provision for income taxes | (19,321,585) | (3,607,073) | (3,445,281) | ||
| Provision for income taxes | (25,854) | (83,214) | (56,237) | ||
| Net loss | (19,347,439) | (3,690,287) | (3,501,518) | ||
| Other comprehensive loss | |||||
| Net loss | (19,347,439) | (3,690,287) | (3,501,518) | ||
| Foreign currency translation adjustments | 105,032 | (74,040) | (214,916) | ||
| Comprehensive loss | $ (19,242,407) | $ (3,764,327) | $ (3,716,434) | ||
| Weighted average number of ordinary shares outstanding * | |||||
| Weighted average number of ordinary shares outstanding, Basic | [1] | 2,036,647 | 1,806,000 | 1,806,000 | |
| Weighted average number of ordinary shares outstanding, Diluted | [1] | 2,036,647 | 1,806,000 | 1,806,000 | |
| LOSS PER SHARE - BASIC | [1] | $ (9.50) | $ (2.04) | $ (1.94) | |
| LOSS PER SHARE - DILUTED | [1] | $ (9.50) | $ (2.04) | $ (1.94) | |
| |||||