v3.25.1
Income Taxes (Tables)
3 Months Ended
Mar. 31, 2025
Income Taxes [Abstract]  
Schedule of Provisions for Income Taxes

The provisions for income taxes for three months ended March 31, 2025 and 2024 were as follows:

 

   Three Months Ended 
   March 31, 
   2025   2024 
Provision for Income Taxes        
Current Tax Provision U.S.  $
-
   $36,793 
Current Tax Provision PRC   
-
    
-
 
Deferred Tax Provision PRC   
-
    
-
 
Total Income Tax Expenses (Benefits)  $
-
   $36,793 
Schedule of Deferred Tax A summary of the otherwise deductible (or taxable) deferred tax items is as follows:
   March 31,   December 31, 
   2025   2024 
Deferred tax assets (liabilities)        
Depreciation and amortization of property, plant and equipment  $18,901,983   $18,875,162 
Impairment of property, plant and equipment   602,995    602,139 
Impairment of inventory   181,788    181,530 
Provision for doubtful debts   446,698    446,064 
Miscellaneous   248,322    247,969 
Net operating loss carryover of PRC company   432,979    432,365 
(Gain) Loss on asset disposal   (63,213)   (63,123)
Total deferred tax assets   20,751,552    20,722,106 
Less: Valuation allowance   (20,751,552)   (20,722,106)
Total deferred tax assets, net  $
-
    
-
 
Schedule of Effective Income Tax Rate

During the three months ended March 31, 2025 and 2024, the effective income tax rate was estimated by the Company to be 0% and 1%, respectively.

 

   Three Months Ended 
   March 31, 
   2025   2024 
PRC Statutory rate   25.0%   25.0%
Effect of different tax jurisdiction          
Effect of tax and book difference   (24.2)%   (3.4)%
Change in valuation allowance   (0.8)%   (22.6)%
           
Effective income tax rate   
-
    (1.0)%