v3.26.1
INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 2026
INCOME TAXES  
Schedule of loss before Income tax expense

  ​ ​ ​

For the Six Months Ended

June 30, 

2026

  ​ ​ ​

2025

Loss from continuing operations before income taxes

$

(539,610)

$

(1,248,095)

Schedule of components of income tax provision

  ​ ​ ​

For the Six Months Ended

June 30, 

2026

2025

Current:

 

Federal

$

$

State

5,610

5,200

Total current income tax provision

5,610

5,200

Deferred:

Federal

State

Total deferred income tax expenses

Adjustments related to prior year income taxes

13,142

Total income tax provision

$

5,610

$

18,342

Schedule of reconciliations of statutory income tax rate to effective income tax rate

For the Six Months Ended

 

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

Federal income tax at the statutory rate

21.0

%

21.0

%

State statutory tax rate

 

34.3

%

4.3

%

Permanent Items

 

17.8

%

(0.4)

%

Change in valuation allowance

 

(75.0)

%

(25.3)

%

Other

0.9

%

%

Effective tax rate

(1.0)

%

(0.4)

%

Schedule of components of deferred tax assets

  ​ ​ ​

June 30, 

  ​ ​ ​

December 31, 

2026

2025

Deferred tax assets:

 

Net operating loss carry forwards

$

$

1,552,937

Tax attribute carryovers

2,247,292

Lease liability

153,126

329,930

Others

468,057

458,966

Total gross deferred tax assets

2,868,475

2,341,833

Less valuation allowance

(2,262,986)

(1,793,889)

Total deferred tax assets, net of valuation allowance

605,489

547,944

Deferred tax liabilities:

Intangible assets

(141,317)

(221,790)

Unrealized gains on foreign exchange

(271,461)

Fixed assets

(44,138)

Right of use assets

(148,573)

(326,154)

Total deferred tax liabilities

(605,489)

(547,944)

Total deferred tax assets, net

$

$