$LOBO

LOBO TECHNOLOGIES LTD.

CIK:0001932072|SEC Filings

Consolidated Statements of Operations and Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Revenues	$ 23,217,642	$ 21,188,606	$ 15,474,918
Cost of revenues	20,122,013	18,731,995	13,266,821
Gross Profit	3,095,629	2,456,611	2,208,097
Operating expenses
Selling and marketing expenses	691,174	716,021	610,487
General and administrative expenses	2,717,575	2,020,003	516,187
Research and development expenses	3,740,163	1,663,445	262,375
Total operating expenses	7,148,912	4,399,469	1,389,049
Operating (loss)/income	(4,053,283)	(1,942,858)	819,048
Other (expenses)/income
Interest expense	(1,744,361)	(20)	(7,508)
Gain on disposal of subsidiaries	50,907	836,112
Other income	356,127	380,892	519,784
Total other (expenses)/income, net	(1,337,327)	1,216,984	512,276
(Loss)/Income before income tax expense	(5,390,610)	(725,874)	1,331,324
Income tax expense	86,085	119,967	344,853
Net (loss)/income	(5,476,695)	(845,841)	986,471
Less: Net income/(loss) attributable to non-controlling interest		33,005	(16,873)
Net (loss)/income attributable to LOBO Technologies LTD	(5,476,695)	(812,836)	969,598
Foreign currency translation adjustments	378,383	(204,541)	(187,459)
Total comprehensive (loss) income	(5,098,312)	(1,050,382)	799,012
Less: Comprehensive net income/(loss) attributable to non-controlling interest		37,574	(12,304)
Total comprehensive (loss) income attributable to LOBO Technologies LTD	$ (5,098,312)	$ (1,012,808)	$ 786,708
Net (loss)/income per share, basic	$ (0.52)	$ (0.11)	$ 0.15
Net (loss)/income per share, diluted	$ (0.52)	$ (0.11)	$ 0.15
Weighted average shares outstanding, basic	10,436,753	7,478,361	6,400,000
Weighted average shares outstanding, diluted	10,436,753	7,478,361	6,400,000

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)/income	$ (5,476,695)	$ (845,841)	$ 986,471
Adjustment to reconcile net (loss)/income to net cash used in operating activities
Depreciation and amortization	710,476	1,004,089	722,778
Gain on disposal of property and equipment		(17,815)
Realized and unrealized gain on short-term investments	(270,011)	(15,632)
Class A ordinary shares issued for consulting services	1,076,875
Loss on sale of long-term investments			13,319
Amortization of operating lease right-of-use assets	428,072	370,283	181,791
Gain on disposal of subsidiaries	(50,907)	(836,112)
Unrealized loss on assets held for sale		455,938
Amortization of convertible note issuance costs	1,634,150	11,970
Changes in operating assets and liabilities
Accounts receivable	(1,493,138)	617,183	437,684
Inventories	(710,006)	(4,658,182)	(2,038,096)
Prepaid expenses and other current assets	4,510,096	(2,426,075)	(4,021,436)
Deferred tax assets	(61,923)	(178,494)
Deferred tax liabilities	147,216
Accounts payable	(533,286)	1,386,960	(816,530)
Advance from customers	138,452	363,803	1,409,334
Other current payables	(2,074,303)	1,241,012	(42,482)
Taxes payable	427,980	923,896	1,871,485
Operating lease liabilities	(104,277)	(332,159)	(120,936)
Net cash used in operating activities	(1,701,229)	(2,935,176)	(1,416,618)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest-free loans to related parties			(16,896,831)
Interest-free loans repaid by related parties			20,319,617
Purchase of short-term investment	(4,424,736)	(125,075)	(70,275)
Sales of short-term investment	3,959,958	71,869
Proceeds from disposal of subsidiaries	208,696	94,640
Purchase of property and equipment	(427,099)	(325,257)	(314,197)
Purchase of intangible assets	(2,363)		(985,995)
Additional consideration paid for reorganization			(1,437,646)
Net cash (used in)/provided by investing activities	(685,544)	(283,823)	614,673
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds of interest-free loans from related parties	1,382,936	8,747,287	4,811,327
Repayments of interest-free loans to related parties	(2,629,958)	(9,246,025)	(3,658,828)
Proceeds from issuance of convertible bonds, net of issuance costs		1,500,850
Repayments of short-term loans	(793,043)		(197,715)
Proceeds of long-term loans		239,919	141,225
Proceeds from short-term loans	3,533,913	190,277
Proceeds from issuance of ordinary shares		3,180,963
Payment for repurchase of Class A ordinary shares	(74)
Repayments of long-term loans	(134,842)
Net cash provided by financing activities	1,358,932	4,613,271	1,096,009
Effect of exchange rate changes on cash and cash equivalents	46,592	24,983	(6,558)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(981,249)	1,419,255	287,506
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of year	1,889,590	470,335	182,829
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of year	908,341	1,889,590	470,335
RECONCILATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of year
Cash, cash equivalents	1,379,434	470,335	182,829
Restricted cash	510,156
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of year	1,889,590	470,335	182,829
RECONCILATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of year
Cash, cash equivalents	908,341	1,379,434	470,335
Restricted cash		510,156
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of year	908,341	1,889,590	470,335
SUPPLEMENTAL CASH FLOW INFORMATION
Income taxes		(657)	(239)
Interest	49,713	20	408
NON-CASH TRANSACTIONS
Addition of right-of-use assets	360,775	999,805	273,334
Other payables released from the sale of property and equipment		19,456
Fair value adjustment for Pre-Delivery ordinary shares related to the issuance of convertible notes		1,499,150
Other payables released from the sale of subsidiaries	3,547,826	1,183,624
Class A ordinary shares issued upon conversion of convertible note payable and accrued interest	1,687,108
Debt offsetting with related party and third party	$ 293,061

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 908,341	$ 1,379,434
Restricted cash		510,156
Accounts receivable, net	3,107,520	1,506,894
Inventories, net	9,698,754	8,592,767
Short-term investments	747,709
Prepaid expenses and other current assets	3,366,882	7,689,423
Assets held for sale		1,527,589
Total current assets	17,829,206	21,206,263
Property and equipment, net	1,097,411	728,438
Intangible assets, net	308,553	871,044
Operating lease right-of-use assets, net	1,014,161	1,037,883
Deferred tax assets	247,309	175,960
Total Assets	20,496,640	24,019,588
Current liabilities:
Accounts payable	1,768,339	2,217,720
Advances from customers	2,067,018	1,843,976
Other current payables	3,360,773	1,798,252
Taxes payable	1,414,938	934,158
Short-term loans	2,968,491	132,777
Convertible note payable, net		12,820
Liabilities held for sale		5,486,344
Operating lease liabilities, current	1,233,892	768,544
Total current liabilities	12,852,015	13,907,001
Long-term loans	95,441	236,513
Deferred tax liabilities	151,308
Operating lease liabilities, non-current	410,572	554,366
Total liabilities	13,509,336	14,697,880
Equity:
Common Stock Value		8,630
Additional paid-in capital	10,804,674	8,781,273
(Accumulated deficit)/Retained earnings	(3,795,004)	644,930
Accumulated other comprehensive loss	(199,379)	(577,762)
Statutory reserve	164,444	464,637
Total LOBO Technologies LTD’s shareholders’ equity	6,987,304	9,321,708
updated Total Equity	6,987,304	9,321,708
Total Liabilities and Equity	20,496,640	24,019,588
Common Class A [Member]
Equity:
Common Stock Value	8,839
Common Class B [Member]
Equity:
Common Stock Value	3,730
Related Party [Member]
Current liabilities:
Amounts due to related parties	$ 38,564	$ 712,410