v3.25.2
Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Taxes  
Schedule of prepaid taxes

 

 

December 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Prepaid value-added tax

 

$464,963

 

 

$494,439

 

Others

 

 

3,494

 

 

 

4,734

 

Total

 

$468,457

 

 

$499,173

 

Schedule of taxes payable

 

 

December 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Corporation income tax payable

 

$1,428,586

 

 

$1,033,043

 

Other tax payable

 

 

133,055

 

 

 

153,914

 

Total

 

$1,561,641

 

 

$1,186,957

 

Schedule of effective tax rates reconciliation

 

 

Years ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Statutory PRC income tax rate

 

 

25%

 

 

25%

 

 

25%

Favorable tax rate impact

 

 

341%

 

 

3%

 

 

5%

Permanent difference and others

 

 

53%

 

 

(4)%

 

 

7%

Changes of deferred tax assets valuation allowances

 

 

79%

 

 

2%

 

 

7%

Total

 

 

498%

 

 

26%

 

 

44%
Schedule of provision for income tax expenses

 

 

Years ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Current

 

$3,111,047

 

 

$2,364,489

 

 

$3,141,969

 

Deferred

 

 

 -

 

 

 

-

 

 

 

-

 

Total

 

$3,111,047

 

 

$2,364,489

 

 

$3,141,969

 

Schedule of components of deferred tax assets and liabilities

 

 

December 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Deferred tax assets:

 

 

 

 

 

 

Allowance for credit losses and other markdown and impairments

 

$1,145,662

 

 

$1,250,752

 

Valuation allowance

 

 

(1,145,662)

 

 

(1,250,752)

Total

 

$

 -

 

 

$

-