Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Taxes [Abstract] |
|
| Schedule of Reconciles Income Tax Expense by Statutory Rate to the Company’s Actual Income Tax Expense |
The following table reconciles income tax expense
by statutory rate to the Company’s actual income tax expense:
| | |
For the Year Ended December 31, | |
| | |
2024 | | |
2023 | | |
2022 | |
| Income tax benefit computed based on PRC statutory income tax rate | |
$ | (2,078,144 | ) | |
$ | (1,631,581 | ) | |
$ | (1,621,594 | ) |
| Effect of favorable income tax rate in certain entity in PRC | |
| - | | |
| - | | |
| - | |
| Non-PRC entities not subject to PRC tax (1) | |
| 1,768,565 | | |
| 1,596,505 | | |
| 1,611,361 | |
| Non-deductible expenses - permanent difference (2) | |
| 1,393 | | |
| 243 | | |
| - | |
| Change in valuation allowance | |
| 308,186 | | |
| 34,833 | | |
| 10,233 | |
| Effective tax (benefit) expense | |
$ | - | | |
$ | - | | |
$ | - | |
| (1) | Represents the tax losses incurred from operations outside of China. | | | | | (2) | Represents expenses incurred by the Company that were not deductible for PRC income tax. |
|
| Schedule of Loss Before Income Tax Provision |
The breakdown of the Company’s loss before income tax provision
is as follows:
| | |
For the Year Ended December 31, | |
| | |
2024 | | |
2023 | | |
2022 | |
| Loss before income tax expense from China | |
$ | (1,238,315 | ) | |
$ | (140,301 | ) | |
$ | (40,933 | ) |
| Loss before income tax expense from outside of China | |
| (7,074,261 | ) | |
| (6,386,021 | ) | |
| (6,430,022 | ) |
| Total loss before income tax provision | |
$ | (8,312,576 | ) | |
$ | (6,526,322 | ) | |
$ | (6,470,955 | ) |
|
| Schedule of Deferred Tax Assets |
Due to continuous
losses incurred, the Company provided full allowance on the deferred tax assets as of December 31, 2024 and 2023.
| Deferred tax asset | |
As of
December 31
2024 | | |
As of
December 31
2023 | |
| Allowance for credit loss | |
$ | 28,051 | | |
$ | 922 | |
| Tax loss carried forwards | |
| 414,904 | | |
| 152,840 | |
| Deferred tax assets | |
| 442,955 | | |
| 153,762 | |
| Valuation allowance | |
| (442,955 | ) | |
| (153,762 | ) |
| Deferred tax assets, net | |
$ | - | | |
$ | - | |
|
| Schedule of Taxes Payable |
The Company’s taxes payable consist of the following:
| | |
As of
December 31, | | |
As of
December 31, | |
| | |
2024 | | |
2023 | |
| VAT tax payable | |
$ | 71,796 | | |
$ | 72,295 | |
| Corporate income tax payable | |
| 170,370 | | |
| 175,157 | |
| Land use tax and other taxes payable | |
| 7,462 | | |
| 6,681 | |
| Total | |
$ | 249,628 | | |
$ | 254,133 | |
|