Taxes (Tables)
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6 Months Ended |
Jun. 30, 2026 |
| Taxes [Abstract] |
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| Schedule of Income Before Taxes by Geographic Area |
The income before taxes by geographic area is as follows: | Loss before taxes: | | For the Six Months Ended June 30, 2026 | | | For the Six Months Ended June 30, 2025 | | | | | | | | | | | China | | $ | (1,384,896 | ) | | $ | (754,674 | ) | | Japan | | | (272,171 | ) | | | 1,184,949 | | | USA | | | 753,504 | | | | (26,085 | ) | | Germany | | | (122,381 | ) | | | (26,310 | ) | | Cayman | | | (15,713,828 | ) | | | (9,044,435 | ) | | Singapore | | | (92,269 | ) | | | — | | | Total loss before taxes | | $ | (16,832,041 | ) | | $ | (8,666,555 | ) |
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| Schedule of Components of the Income Tax Provision |
The components of the income tax provision are as follows: | | | For the Six Months Ended June 30, 2026 | | | For the Six Months Ended June 30, 2025 | | | | | | | | | | | Current income tax expense | | $ | 214,016 | | | $ | 256,389 | | | Deferred income tax expense | | | (394,377 | ) | | | (191,703 | ) | | Total (benefit) provision for income taxes | | $ | (180,361 | ) | | $ | 64,686 | |
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| Schedule of Reconciles the PRC Statutory Rate |
The following table reconciles the PRC statutory rate to the Company’s effective tax rate: | | | For the Six Months Ended June 30, 2026 | | | For the Six Months Ended June 30, 2025 | | | | | | | | | | | PRC statutory tax rate | | | 25 | % | | | 25 | % | | Effect of different tax jurisdiction | | | (23.4 | )% | | | (24.3 | )% | | Non-deductible items* | | | (0.5 | )% | | | (1.4 | )% | | Effective tax rate | | | 1.1 | % | | | (0.7 | )% | | * | Non-deductible items represent excess expenses and losses not deductible for PRC tax purpose. |
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| Schedule of Deferred Tax Assets and Liabilities |
The following table summarizes deferred tax assets and liabilities resulting from differences between financial accounting basis and tax basis of assets and liabilities: | | | June 30, 2026 | | | December 31, 2025 | | | | | | | | | | | Deferred tax assets: | | | | | | | | Allowance for credit losses | | $ | 448,038 | | | $ | 258,510 | | | Net operating losses | | | 646,305 | | | | 426,337 | | | Total deferred tax assets | | $ | 1,094,343 | | | $ | 684,847 | |
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| Schedule of Taxes Payable |
Taxes payable consists of the following: | | | June 30, 2026 | | | December 31, 2025 | | | | | | | | | | | Income tax payable | | $ | 538,952 | | | $ | 399,156 | | | VAT payable | | | 628,806 | | | | 482,587 | | | Other taxes payable | | | — | | | | 2,951 | | | Total taxes payable | | $ | 1,167,758 | | | $ | 884,694 | |
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