Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Taxes [Abstract] | |
| INCOME TAXES | NOTE 19 – INCOME TAXES
Income tax expense includes a provision for federal, state and foreign taxes based on the annual estimated effective tax rate applicable to the Company and its subsidiaries, adjusted for items which are considered discrete to the period.
The effective tax rates on income before income taxes for the six months ended June 30, 2026 was 17.33%. The effective tax rate for the six months ended June 30, 2026 was lower than the PRC tax rate of 25.0% primarily due to the China Super R&D deduction.
The effective tax rates on income before income taxes for the six months ended June 30, 2025 was 48.93%. The effective tax rate for the six months ended June 30, 2025 was higher than the PRC tax rate of 25.0% primarily due to the stock-based compensation.
The Company has recorded $0 unrecognized benefit as of June 30, 2026 and December 31, 2025, respectively. On the information currently available, the Company does not anticipate a significant increase or decrease to its unrecognized benefit within the next 12 months. |