v3.25.2
INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 2025
INCOME TAXES  
Schedule of Loss before Income tax expense (benefit)

    

For the Six Months Ended

June 30, 

2025

    

2024

(Unaudited)

(Unaudited)

Loss from continuing operations before income taxes

$

(1,248,095)

$

(1,509,359)

Schedule of components of income tax provision

For the Six Months Ended

June 30, 

    

2025

    

2024

(Unaudited)

    

(Unaudited)

Current:

  

 

  

Federal

$

$

(128)

State

 

5,200

 

4,456

Total current income tax provision

 

5,200

 

4,328

Deferred:

 

 

Federal

 

 

(337,235)

State

 

 

(160,082)

Total deferred income tax expenses (benefits)

 

 

(497,317)

Total income tax benefits

$

5,200

$

(492,989)

Schedule of reconciliations of statutory income tax rate to effective income tax rate

For the Six Months Ended

 

June 30, 

    

2025

    

2024

 

(Unaudited)

    

(Unaudited)

 

Federal income tax at the statutory rate

21.0

%  

21.0

%

State statutory tax rate

4.3

%  

11.4

%

Permanent Items

(0.4)

%  

%

Change in valuation allowance

(25.3)

%  

%

Non-deductible expenses

%  

0.3

%

Effective tax rate

(0.4)

%  

32.7

%

Schedule of components of deferred tax assets

    

June 30,

    

December 31, 

2025

2024

(Unaudited)

Deferred tax assets:

 

Net operating loss carry forwards

$

$

1,001,992

Tax attribute carryovers

1,214,753

Lease liability

437,409

398,757

Others

530,987

436,613

Total gross deferred tax assets

2,183,149

1,837,362

Less valuation allowance

(1,465,653)

(1,159,129)

Total deferred tax assets, net of valuation allowance

717,496

678,233

Deferred tax liabilities:

Intangible assets

(281,775)

(249,183)

Fixed assets

(2,354)

Right of use assets

(433,367)

(429,050)

Total deferred tax liabilities

(717,496)

(678,233)

Total deferred tax assets, net

$

$