v3.26.1
Income Taxes (Tables)
3 Months Ended
Mar. 31, 2026
Income Taxes [Abstract]  
Schedule of Loss Before Income Taxes The following table presented the income before income taxes for the three months ended March 31, 2026 in accordance with the guidance in ASU No. 2023-09:
   For the
Three Months
Ended
March 31,
2026
 
    (Unaudited) 
Domestic  $2,965,265 
Foreign   1,825,042 
Total income before income taxes  $4,790,307 
Schedule of Income Tax Expense

Income tax expense for the three months ended March 31, 2026 and 2025 consisted of the following:

 

   For the
Three Months
Ended
 
   March 31, 
   2026   2025 
   (Unaudited)   (Unaudited) 
Current:        
Federal  $
                -
   $
                 -
 
State   
-
    
-
 
Foreign   
-
    
-
 
Total  $
-
   $
-
 
Schedule of Deferred Tax Assets

Deferred tax assets as of March 31, 2026 and December 31, 2025 consist approximately of:

 

   March 31,
2026
   December 31,
2025
 
   (Unaudited)     
Net operating loss carryforwards (NOLs)  $19,754,302   $19,273,474 
Stock-based compensation expense   5,572,700    5,526,900 
Accrued expenses and unpaid expenses payable   1,984,700    1,900,000 
Tax credit carryforwards   68,000    68,000 
Unrealized exchange losses (gain)   (143,948)   (144,013)
Excess of tax amortization over book amortization   (112,000)   (112,000)
Investment income in subsidiary   (1,655,557)   
-
 
Others   (19,600)   (7,400)
Gross   25,448,597    26,504,961 
Valuation allowance   (25,448,597)   (26,504,961)
Net  $
-
   $
-