Taxation (Details Narrative) |
12 Months Ended | |
|---|---|---|
Dec. 22, 2017 |
Dec. 31, 2024 |
|
| Income tax rate | 35.00% | 21.00% |
| Income tax description | As the Company has a December 31 fiscal year-end, the lower corporate income tax rate will be phased in, resulting in a U.S. statutory federal rate of approximately 24.5% for our fiscal year ending December 31, 2018, and 21% for subsequent fiscal years. Accordingly, we have to remeasure our deferred tax assets on net operating loss carryforward in the U.S. at the lower enacted cooperated tax rate of 21%. | |
| Future foreign earnings | The change in rate has caused us to remeasure all U.S. deferred income tax assets and liabilities for temporary differences and net operating loss (NOL) carryforwards and recorded a one-time income tax payable in 8 years. | |
| HONG KONG | ||
| Effective income tax rate reconciliation foreign income tax rate differential | 16.50% | |
| CHINA | ||
| Income tax rate | 25.00% |