v3.25.2
INCOME TAX (Tables)
6 Months Ended
Jun. 30, 2025
INCOME TAX  
Schedule of provision for income tax

 

 

As of

June 30,

2025

 

 

As of

December 31,

2024

 

Current income tax (benefit)

 

 

 

 

 

 

U.S.

 

$-

 

 

$-

 

 

 

 

 

 

 

 

 

 

Deferred income tax

 

 

 

 

 

 

 

 

Deferred tax assets for NOL carry-forwards

 

 

22,411,505

 

 

 

22,218,336

 

Valuation allowance

 

 

(22,411,505 )

 

 

(22,218,336 )

Net changes in deferred income tax (benefit)

 

 

-

 

 

 

-

 

Total income tax provision

 

$-

 

 

$-

 

Schedule of net loss before income taxes and its provision for income taxes

 

 

For the six months ended

June 30,

2025

 

 

For the six months ended

June 30,

2024

 

Net loss before income tax

 

$(919,852 )

 

$(323,555 )

Statutory tax rate

 

 

21%

 

 

21%

Tax expenses (benefit) at the statutory tax rate, net

 

 

(193,169 )

 

 

(67,947 )

Valuation allowance

 

 

193,169

 

 

 

67,947

 

Income tax expenses, net

 

$-

 

 

$-

 

Schedule of deferred taxes assets

 

 

For the six months ended

June 30,

2025

 

 

For the six months ended

June 30,

2024

 

Net operating loss carry-forwards

 

$193,169

 

 

$67,947

 

Less: Valuation allowance

 

 

(193,169 )

 

 

(67,947 )

Deferred tax assets, net

 

$-

 

 

$-