v3.25.2
Taxes (Tables)
6 Months Ended
Jun. 30, 2025
Taxes [Abstract]  
Schedule of Income Before Provision for Income Taxes

(Loss) income before provision for income taxes is attributable to the following geographic locations for the six months ended June 30, 2025 and 2024:

 

   For the Six
Months Ended
June 30,
 
   2025   2024 
Cayman Islands  $(237,780)  $403,760 
PRC   480,596    644,983 
United States   (1,229,177)   (960,466)
Total (loss) income before income taxes  $(986,361)  $88,277 
Schedule of Components of the Income Tax Provision

The components of the income tax provision were as follows:

 

   For the Six
Months Ended
June 30,
 
   2025   2024 
Current tax provision        
Cayman Islands  $
-
   $
-
 
BVI   
-
    
-
 
Hong Kong   
-
    
-
 
PRC   62,432    64,865 
United States   
-
    
-
 
   $62,432   $64,865 
Deferred tax provision          
Cayman Islands  $
-
   $
-
 
BVI   
-
    
-
 
Hong Kong   
-
    
-
 
PRC   
-
    
-
 
United States   
-
    
-
 
    
-
    
-
 
Income tax provisions  $62,432   $64,865 
Schedule of Income Tax Provision Computed Based on PRC Statutory Income Tax Rate

Reconciliation of the differences between the income tax provision computed based on PRC statutory income tax rate and the Company’s actual income tax provision for the six months ended June, 2025 and 2024 are as follows:

 

   For the Six
Months Ended
June 30,
 
   2025   2024 
Income tax (benefit) expense computed based on PRC statutory rate  $(246,590)  $22,069 
Favorable tax rate and tax exemption impact in PRC entities (a)   (57,717)   (96,381)
Effect of rate differential for non-PRC entities   108,612    (62,521)
Change in valuation allowance   258,127    201,698 
Total income tax provisions  $62,432   $64,865 

 

(a) During the six months ended June, 2025 and 2024, Xinjiang United Family and all its branch offices were subject to 25% income tax rate. For the six months ended June 30, 2025, 14 of these UFG entities were subject to income tax assessed at 0.5% of TNI that ranged from RMB33,000 to RMB180,000 per month. For the six months ended June 30, 2024, 12 of these UFG entities were subject to income tax assessed at 0.5% of TNI that ranged from RMB33,000 to RMB180,000 per month. The rest of the UFG entities were exempted from paying income tax. For the six months ended June 30, 2025 and 2024, the tax saving as the result of the favorable tax rates and tax exemption amounted to $57,717 and $96,381, respectively, and per share effect of the favorable tax rate and tax exemption was $0.16 and $0.62, respectively.
Schedule of Deferred Tax Assets, Net

The Company’s deferred tax assets, net was comprised of the following:

 

   June 30,
2025
   December 31,
2024
 
Net operating loss  $3,639,998   $3,381,871 
Total deferred tax assets   3,639,998    3,381,871 
Valuation allowance   (3,639,998)   (3,381,871)
Total deferred tax assets, net  $
-
   $
-
 
Schedule of Taxes Payable

Taxes payable consisted of the following:

 

   June 30,
2025
   December 31,
2024
 
Income tax payable  $16,909   $7,899 
Value added tax payable   27,477    2,440 
Other taxes payable   129,904    38,373 
Total taxes payable  $174,290   $48,712