$RAYA
Erayak Power Solution Group Inc.
CIK:0001825875|SEC Filings
Consolidated Statements of Income and Comprehensive Income - USD ($) |
12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|||
| Income Statement [Abstract] | |||||
| Sales | $ 22,855,437 | $ 30,300,360 | $ 20,322,498 | ||
| Cost of sales | (17,983,764) | (26,307,998) | (15,299,849) | ||
| Gross profit | 4,871,673 | 3,992,362 | 5,022,649 | ||
| Operating expenses: | |||||
| General and administrative | (4,000,311) | (2,302,809) | (2,023,428) | ||
| Selling and marketing | (771,176) | (946,269) | (962,479) | ||
| Research and development | (1,608,311) | (1,670,669) | (1,176,943) | ||
| Bad debt expense | (122,847) | (224,534) | (36,972) | ||
| Inventory allowance (provision) / reversal | 368,693 | (295,907) | (81,622) | ||
| Impairment provision of advance to suppliers | (379,480) | (111,882) | 0 | ||
| Total operating expenses | (6,513,432) | (5,552,070) | (4,281,444) | ||
| Operating (loss) income | (1,641,759) | (1,559,708) | 741,205 | ||
| Other income (expenses): | |||||
| Interest income (expenses), net | 48,040 | (139,441) | (402,671) | ||
| Rental income, net | 153,845 | 154,471 | 195,347 | ||
| Investment loss | (229,170) | ||||
| Other income, net | 308,038 | 362,364 | 878,080 | ||
| Total other income, net | 280,753 | 377,393 | 670,755 | ||
| (Loss) income before income taxes | (1,361,006) | (1,182,315) | 1,411,960 | ||
| Income tax provision | (28,931) | 66,338 | (193,246) | ||
| Net (loss) income | (1,389,937) | (1,115,977) | 1,218,714 | ||
| Other comprehensive income: | |||||
| Foreign currency translation adjustment | 859,260 | (500,376) | (360,677) | ||
| Total comprehensive (loss) income | $ (530,677) | $ (1,616,353) | $ 858,037 | ||
| Earnings per share attributable to common shareholders: | |||||
| Shares (in Shares) | [1] | 89,497 | 22,995 | 5,455 | |
| (Loss) earnings per share (in Dollars per share) | [1] | $ (27.28) | $ (98.34) | $ 223.43 | |
| Weighted average number of shares outstanding | |||||
| Basic (in Shares) | [1] | 50,958 | 11,348 | 5,455 | |
| Diluted (in Shares) | [1] | 50,958 | 11,348 | 5,455 | |
| |||||