v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Taxes [Abstract]  
Schedule of Components of Profit (Loss) Before Income Tax Benefits (Expenses)

The components of profit (loss) before income tax benefits (expenses) are summarized as follows:

 

    For the Years Ended
December 31,
 
    2025     2024     2023  
Domestic (Cayman Islands)   $ -     $ -     $ -  
Foreign (PRC)     (741,782     3,233,722       (11,527,235 )
Foreign (Others)     (5,026,903 )     (3,171,966 )     (449,764 )
Total   $ (5,768,685   $ 61,756     $ (11,976,999 )
Schedule of Income Tax (Expenses) Benefits

Income tax (expenses) benefits consist of the following:

 

   For the Years Ended
December 31,
 
   2025   2024   2023 
Current income tax expenses            
Domestic (Cayman Islands)  $-   $-   $- 
Foreign (PRC)   (128,172)   (43,516)   (69,467)
Foreign (Others)   (500)   (4,002)   - 
Total current income tax expenses   (128,672)   (47,518)   (69,467)
Deferred income tax benefits (expenses)               
Domestic (Cayman Islands)   -    -    - 
Foreign (PRC)   82,490    (287,651)   806,092 
Foreign (Others)   -    -    (66,865)
Total deferred income tax benefits (expenses)   82,490    (287,651)   739,227 
Total income tax (expenses) benefits  $(46,182)  $(335,169)  $669,760 

 

The following table presents income taxes paid, net of refunds, disaggregated by jurisdiction:

 

   For the Years Ended
December 31,
 
   2025   2024   2023 
Income taxes paid, net of refunds            
Domestic (Cayman Islands)  $-   $-   $- 
Foreign (PRC)   126,089    45,444    114,001 
Foreign (Others)   500    

500

    500 
Total income taxes paid, net of refunds  $126,589   $45,944   $114,501 
Schedule of Reconciliation of the Statutory Tax Rate to the Effective Tax Rate

Below is a reconciliation of the statutory tax rate to the effective tax rate after the adoption of ASU 2023-09:

 

   For the Years Ended December 31, 
   2025   2024   2023 
   Amount   Effective
tax rate
   Amount   Effective
tax rate
   Amount   Effective
tax rate
 
Income tax expense at Cayman statutory rate  $-    -%  $-    -%  $-    -%
Effect of foreign tax rates   (375,755)   6.51%   (471,337)   (763.22)%   (3,301,850)   27.57%
Effect of non-deductible expenses   5,522    (0.10)%   59,812    96.85%   312,302    (2.61)%
Effect of research and development credits   -    -%   (12,623)   (20.44)%   (427,160)   3.57%
Effect of deferred tax rate change   -    -%   -    -%   2,350,577    (19.63)%
Effect of changes in valuation allowance   416,415    (7.21)%   759,317    1,229.54%   396,371    (3.31)%
Total income tax expenses (benefits)  $46,182    (0.80)%  $335,169    542.73%  $(669,760)   5.59%
Schedule of Deferred Tax Assets

Deferred tax assets as of December 31, 2025 and 2024 consist of the following:

 

   December 31,
2025
   December 31,
2024
 
Deferred tax assets:        
Net operating loss carrying forward  $1,891,291   $1,706,177 
Share-based compensation   259,023    195,422 
Lease liabilities   14,704    21,281 
Others   93,891    25,249 
Less: Deferred tax liability   (169,184)   (201,872)
Less: Valuation allowance on deferred tax assets   (2,045,531)   (1,626,832)
Deferred tax assets, net  $44,194   $119,425 
Deferred tax liability          
Changes in fair value of short-term investments   37,179    22,879 
Downward adjustments in investments in non-marketable securities   (5,781)   (6,153)
Right-of-use assets   12,105    15,739 
Unbilled revenue   147,941    349,045 
Less: Deferred tax assets   (169,184)   (201,872)
Deferred tax liability, net  $22,260   $179,638