$LUD
Luda Technology Group Ltd
CIK:0001984124|SEC Filings
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) |
12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|||
| Income Statement [Abstract] | |||||
| Revenues | $ 33,535,351 | $ 44,863,430 | $ 51,428,054 | ||
| Cost of sales | (27,615,538) | (33,458,207) | (40,533,077) | ||
| Gross profit | 5,919,813 | 11,405,223 | 10,894,977 | ||
| Operating expenses: | |||||
| Selling expenses | (1,806,192) | (6,342,751) | (2,709,376) | ||
| General and administrative expenses | (3,720,646) | (3,222,959) | (2,950,188) | ||
| Research and development expenses | (1,452,052) | (1,383,605) | (1,364,473) | ||
| Total operating expenses | (6,978,890) | (10,949,315) | (7,024,037) | ||
| (Loss) income from operations | (1,059,077) | 455,908 | 3,870,940 | ||
| Other income (expenses) | |||||
| Interest expenses | (520,916) | (556,156) | (406,692) | ||
| Other income, net | 2,571,217 | 3,453 | 15,228 | ||
| Total other income (expenses), net | 2,050,301 | (552,703) | (391,464) | ||
| Income (loss) before income taxes | 991,224 | (96,795) | 3,479,476 | ||
| Income taxes | (434,395) | (264,221) | (446,899) | ||
| Net income (loss) | 556,829 | (361,016) | 3,032,577 | ||
| Other comprehensive income (loss): | |||||
| Foreign currency translation adjustment | 605,921 | (344,879) | (566,358) | ||
| Comprehensive income (loss) | $ 1,162,750 | $ (705,895) | $ 2,466,219 | ||
| Weighted average number of ordinary shares*: | |||||
| Basic (in Shares) | [1] | 22,242,767 | 20,000,000 | 20,000,000 | |
| Diluted (in Shares) | [1] | 22,242,767 | 20,000,000 | 20,000,000 | |
| Earnings (loss) per share*: | |||||
| Basic (in Dollars per share) | $ 0.03 | $ (0.02) | $ 0.15 | ||
| Diluted (in Dollars per share) | $ 0.03 | $ (0.02) | $ 0.15 | ||
| |||||
Consolidated Balance Sheets |
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
USD ($)
|
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 4,516,669 | $ 8,132,655 |
| Restricted cash | 78,959 | 200,517 |
| Accounts receivable, net | 13,483,520 | 13,165,058 |
| Notes receivable, net | 966,447 | 381,878 |
| Redemption receivable, net | 8,222,754 | |
| Prepayments, deposits and other receivables, net | 437,971 | 479,613 |
| Advance to suppliers | 148,959 | 33,043 |
| Inventories, net | 4,704,386 | 4,868,035 |
| Inventories to be returned | 262,291 | 939,404 |
| Deferred costs | 671,321 | |
| Contract assets - current, net | 1,220,925 | 1,591,188 |
| Short-term investments | 5,732,433 | 1,390,475 |
| Other current assets | 217,949 | |
| Total current assets | 39,993,263 | 31,853,187 |
| Non-current assets | ||
| Restricted cash – non-current | 176,296 | |
| Property, plant and equipment, net | 4,980,105 | 5,124,432 |
| Intangible assets, net | 711,156 | 701,154 |
| Operating lease right-of-use assets, net | 483,431 | |
| Deferred tax assets | 622,879 | 552,966 |
| Contract assets - non-current, net | 1,832,158 | 667,456 |
| Other receivables - non-current, net | 325,809 | 406,630 |
| Total non-current assets | 9,131,834 | 7,452,638 |
| Total assets | 49,125,097 | 39,305,825 |
| Current liabilities | ||
| Short-term loans | 10,894,987 | 11,675,074 |
| Accounts payable | 10,567,115 | 8,673,801 |
| Contract liabilities | 128,192 | 221,770 |
| Other payables and accruals | 2,318,929 | 3,975,334 |
| Operating lease liabilities, current | 293,803 | |
| Income taxes payable | 1,652 | 1,652 |
| Refundable liabilities | 331,737 | 1,303,748 |
| Total current liabilities | 24,536,415 | 25,851,379 |
| Non-current liabilities | ||
| Long-term loans | 1,773,176 | 614,476 |
| Operating lease liabilities - non-current | 234,843 | |
| Deferred tax liabilities | 372,942 | 176,430 |
| Total non-current liabilities | 2,380,961 | 790,906 |
| Total liabilities | 26,917,376 | 26,642,285 |
| Commitments and contingencies | ||
| Shareholders’ equity | ||
| Ordinary shares, $0.03 (equivalent to HK$0.25) par value, 4,000,000,000 shares authorized, 22,690,000 and 20,000,000 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 727,244 | 641,026 |
| Additional paid-in capital | 8,295,213 | |
| Statutory reserve | 2,365,592 | 2,253,177 |
| Retained earnings | 11,816,891 | 11,372,477 |
| Accumulated other comprehensive loss | (997,219) | (1,603,140) |
| Total equity | 22,207,721 | 12,663,540 |
| Total liabilities and shareholders’ equity | $ 49,125,097 | $ 39,305,825 |