v3.26.3
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2026
Income Taxes [Abstract]  
Schedule of Income Before Income Taxes The following table presented the income before income taxes for the three and six months ended June 30, 2026 in accordance with the guidance in ASU No. 2023-09:
    For the
Three Months
Ended
June 30,
2026
    For the
Six Months
Ended
June 30,
2026
 
    (Unaudited)     (Unaudited)  
Domestic   (1,587,272 )   1,377,993  
Foreign     (838,772 )     986,270  
Total (loss) income before income taxes   $ (2,426,044 )   $ 2,364,263  
Schedule of Income Tax Expense

Income tax expense for the three and six months ended June 30, 2026 and 2025 consisted of the following:

 

    For the Three Months Ended     For the Six Months Ended  
    June 30,     June 30,  
    2026     2025     2026     2025  
    (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  
Current:                        
Federal     2,400         2,400       2,400                  2,400  
State     -       -       -       -  
Foreign     -       -       -       -  
Total     2,400       2,400       2,400     $ 2,400  
Schedule of Deferred Tax Assets

Deferred tax assets as of June 30, 2026 and December 31, 2025 consist approximately of:

 

    June 30,
2026
    December 31,
2025
 
    (Unaudited)        
Net operating loss carryforwards (NOLs)   $ 20,240,944     $ 19,273,474  
Stock-based compensation expense     5,573,700       5,526,900  
Accrued expenses and unpaid expenses payable     2,090,700       1,900,000  
Tax credit carryforwards     68,000       68,000  
Unrealized exchange losse (gain)     (143,948 )     (144,013 )
Excess of tax amortization over book amortization     (112,000 )     (112,000 )
Investment income in subsidiary     (1,757,276 )     -  
Others     (31,400 )     (7,400 )
Gross     25,928,720       26,504,961  
Valuation allowance     (25,928,720 )     (26,504,961 )
Net   $ -     $ -