v3.26.3
Taxes (Tables)
6 Months Ended
Jun. 30, 2026
Taxes [Abstract]  
Schedule of Income (Loss) Before Provision for Income Taxes

Income (loss) before provision for income taxes is attributable to the following geographic locations for the six months ended June 30, 2026 and 2025:

 

    For the Six
Months Ended
June 30,
 
    2026     2025  
    (Unaudited)     (Unaudited)  
Cayman Islands   $ 1,254,078     $ (237,780 )
PRC     177,259       480,596  
United States     (560,447 )     (1,229,177 )
Total income (loss) before income taxes   $ 870,890     $ (986,361 )
Schedule of Components of the Income Tax Provision

The components of the income tax provision were as follows:

 

    For the Six
Months Ended
June 30,
 
    2026     2025  
    (Unaudited)     (Unaudited)  
Current tax provision            
Cayman Islands   $ -     $ -  
BVI     -       -  
Hong Kong     -       -  
PRC     21,963       62,432  
United States     -       -  
    $ 21,963     $ 62,432  
Deferred tax provision                
Cayman Islands   $ -     $ -  
BVI     -       -  
Hong Kong     -       -  
PRC     -       -  
United States     -       -  
      -       -  
Income tax provisions   $ 21,963     $ 62,432  
Schedule of Income Tax Provision Computed Based on PRC Statutory Income Tax Rate

Reconciliation of the differences between the income tax provision computed based on PRC statutory income tax rate and the Company’s actual income tax provision for the six months ended June 30, 2026 and 2025 are as follows:

 

    For the Six
Months Ended
June 30,
 
    2026     2025  
    (Unaudited)     (Unaudited)  
Income tax expense (benefit) computed based on PRC statutory rate   $ 217,722     $ (246,590 )
Favorable tax rate and tax exemption impact in PRC entities (a)     (22,351 )     (57,717 )
Effect of rate differential for non-PRC entities     (291,102 )     108,612  
Change in valuation allowance     117,694       258,127  
Total income tax provisions   $ 21,963     $ 62,432  

 

(a) During the six months ended June 30, 2026 and 2025, Xinjiang United Family and its branch offices were subject to 25% income tax rate. For the six months ended June 30, 2026 and 2025, 42 and 14 of these UFG entities paid income tax, respectively. The rest of these UFG entities were exempted from paying income tax. For the six months ended June 30, 2026 and 2025, the tax saving as the result of the favorable tax rates and tax exemption amounted to $22,351 and $57,717, respectively, and per share effect of the favorable tax rate and tax exemption was $0.02 and $15.79, respectively.
Schedule of Deferred Tax Assets, Net

The Company’s deferred tax assets, net was comprised of the following:

 

    June 30,
2026
    December 31,
2025
 
    (Unaudited)        
Net operating loss   $ 3,689,839     $ 3,572,145  
Total deferred tax assets     3,689,839       3,572,145  
Valuation allowance     (3,689,839 )     (3,572,145 )
Total deferred tax assets, net   $     -     $ -  
Schedule of Taxes Payable

Taxes payable consisted of the following:

 

    June 30,
2026
    December 31,
2025
 
    (Unaudited)        
Income tax payable   $ 8,039     $ 5,852  
Value added tax payable     -       67,360  
Other taxes payable     209,532       176,088  
Total taxes payable   $ 217,571     $ 249,300