v3.26.1
INCOME TAXES (Tables)
 3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
SCHEDULE OF COMPONENTS OF LOSS BEFORE INCOME TAXES FROM CONTINUING OPERATIONS

The components of loss before income taxes from continuing operations were as follows:

 

   2026   2025 
   For the three months ended March 31, 
   2026   2025 
   US$   US$ 
Domestic loss before income taxes   (352,607)   (499,596)
Foreign loss before income taxes   (766,755)   (299,476)
Total loss before income taxes   (1,119,362)   (799,072)
SCHEDULE OF PROVISION FOR INCOME TAXES FROM CONTINUING OPERATIONS

The provision for income taxes from continuing operations was comprised of the following:

 

   2026   2025 
   For the three months ended March 31, 
   2026   2025 
   US$   US$ 
Current:          
Federal   —    — 
State   —    — 
Foreign   —    — 
Total current income taxes   —    — 
           
Deferred:          
Federal   (24,978)   (65,553)
State   (7,731)   (29,757)
Foreign   —    — 
Total deferred income taxes   (32,709)   (95,310)
           
Total income tax (benefit)/provision   (32,709)   (95,310)
SCHEDULE OF COMPONENTS OF DEFERRED INCOME TAX ASSETS AND LIABILITIES

The significant components of deferred income tax assets and liabilities from continuing operations were as follows:

 

   2026   2025 
   For the three months ended March 31, 
   2026   2025 
   US$   US$ 
Deferred tax assets:          
Net operating losses carry forwards   239,449    219,919 
Provision for doubtful accounts   117    — 
Unrealized loss on short-term investments, net of tax effect   43,131    — 
Impairment of intangible assets   238,821    238,821 
Gross deferred tax assets   521,518    458,740 
Less: valuation allowance   (375,977)   (332,846)
Net deferred tax assets   145,541    125,894 
           
Deferred tax liabilities:          
Temporary difference of intangible asset   25,200    25,200 
Gross deferred tax liabilities   25,200    25,200 
Net deferred tax liabilities   25,200    25,200 
SCHEDULE OF RECONCILIATION OF EFFECTIVE INCOME TAX RATE FROM CONTINUING OPERATIONS

The reconciliation of the U.S. federal statutory income tax rate to the Company’s effective income tax rate from continuing operations was as follows:

 

   2026   2025 
   For the three months ended March 31, 
   2026   2025 
   US$   US$ 
US federal statutory tax rate   21.0%   21.0%
Effect of foreign tax rate differential   -14.3%   -7.4%
State income taxes, net of federal benefit   1.0%   2.5%
Non-deductible expenses   -0.1%   — 
Utilization of prior-year net operating loss carryforwards   0.2%   — 
Current year losses with no deferred tax benefit recognized   -3.4%   -5.4%
Deferred tax benefit related to prior-year losses   —    1.2%
Tax effect of temporary differences subject to valuation allowance   -1.5%   — 
 Effective income tax rate   2.9%   11.9%

 

The reconciliation of income tax expense (benefit) computed at the U.S. federal statutory income tax rate to the actual income tax provision (benefit) from continuing operations was as follows:

 

   2026   2025 
   For the three months ended March 31, 
   2026   2025 
   US$   US$ 
US federal statutory tax rate   (235,066)   (167,805)
Effect of foreign tax rate differential   160,160    59,387 
State income taxes, net of federal benefit   (11,738)   (20,262)
Non-deductible expenses   1,133    — 
Utilization of prior-year net operating loss carryforwards   (2,498)   — 
Current year losses with no deferred tax benefit recognized   38,349    42,956 
Deferred tax benefit related to prior-year losses   —    (9,586)
Tax effect of deferred tax assets not recognized due to valuation allowance   16,951    — 
Income tax provision (benefit)   (32,709)   (95,310)