v3.26.1
Income Taxes (Tables)
3 Months Ended
Mar. 31, 2026
Income Taxes [Abstract]  
Schedule of Provision for Income Taxes Expenses

The Company’s provision for income taxes expenses consisted of:

 

   For the
Three Months Ended
March 31,
 
PRC income tax  2026   2025 
   (Unaudited) 
Income tax provision  $
1,242,185
   $1,476,488 
Deferred income tax expenses   1,000    (5,382)
Total  $1,243,185   $1,471,106 
           
US   
-
    
-
 
BVI   
-
    
-
 
Hong Kong   
-
    
-
 
Income tax provision  $1,243,185   $1,471,106 
Schedule of Reconciliation of Statutory Income Tax Rate

The following table reconciles the PRC statutory rates to the Company’s effective tax rate for the three months March 31, 2026 and 2025:

 

   For the
Three Months Ended
March 31,
 
   2026   2025 
   (Unaudited)   (Unaudited) 
PRC statutory income tax rate   25.0%   25.0%
Income tax computed at PRC statutory corporate income tax rate of 25%   24.9%   26.1%
Tax rate differential on entities not subject to PRC income   0.1%   (1.1)%
Temporary differences   0.0%   0.1%
Non-deductible expenses   (0.7)%   11.4%
Effective tax rate   24.3%   36.5%
Schedule of Deferred Tax Assets

The Company’s deferred tax assets consisted of the following components:

 

   As of
March 31,
2026
   As of
December 31,
2025
 
         
Deferred tax assets:    
Allowance for credit losses  $3,753   $3,699 
Provision of obsolete inventory   21,751    22,448 
Impairment of construction in progress   45,697    45,076 
Leasing liabilities   92,672    130,363 
Total gross deferred tax assets   163,873    201,586 
Less valuation allowance   
-
    
-
 
Deferred tax assets net of valuation allowance   163,873    201,586 
           
Deferred tax liabilities:          
Right-of-use assets   (92,672)   (130,363)
Deferred tax liabilities   (92,672)   (130,363)
Deferred tax assets, net  $71,201   $71,223