SCHEDULE OF EFFECTIVE INCOME TAX RATE BASED ON INCOME (LOSS) BEFORE INCOME TAX EXPENSE (Details) - USD ($) |
6 Months Ended | |
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Jun. 30, 2025 |
Jun. 30, 2024 |
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Income Tax Disclosure [Abstract] | ||
Income before income taxes | $ 12,353,347 | $ 7,003,351 |
Effective income tax rate | 17.00% | 17.00% |
Income tax expense at statutory rate | $ 2,100,068 | $ 1,190,569 |
Effect of different tax rates in other countries | 7,223 | 60,444 |
Income not subject to tax deduction | (273,615) | |
Expenses not subject to tax deduction | 2,150 | 343,293 |
Net operating losses | 468,263 | 42,269 |
Other tax adjustments | 25,183 | 1,160 |
Income tax expense | $ 2,329,272 | $ 1,637,735 |
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- Definition Effective income tax rate reconciliation net operating losses amount. No definition available.
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- Definition Income not subject to taxes. No definition available.
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- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations, attributable to increase (decrease) in the income tax rates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to nondeductible expenses. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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