v3.26.3
Income Tax (Tables)
 6 Months Ended
Jun. 30, 2026
Income Tax [Abstract]  
Schedule of Reconciliation of the Statutory Tax Rate to the Effective Tax Rate

A reconciliation of the expected income tax benefits to the actual income tax provision is as follows:

 

    June 30,     Effective     June 30,     Effective  
    2026     Tax rate     2025     Tax rate  
Net loss before income taxes   $ (3,319,136 )           $ (7,686,900 )        
                                 
Income tax benefit at the Singapore statutory tax rate of 17%     (564,253 )     (17.0 )%     (1,306,773 )     (17.0 )%
Effect of different tax rates in other jurisdictions     (11,165 )     (0.3 )%     (27,480 )     (0.4 )%
Non-deductible expenses     120,490       3.6 %     139,090       1.8 %
Unrecognized deferred tax asset     454,928       13.7 %     1,195,163       15.6 %
Total tax provision   $ -       -     $ -       -  

 

* The Company has reconciled to the Singapore corporate income tax rate of 17% to reflect the location of the Company’s principal operating activities, rather than to the Cayman Islands statutory tax rate of 0%.
Schedule of Components of the Deferred Tax Assets

The components of the deferred tax assets are as follows:

 

    June 30,     December 31,  
    2026     2025  
Tax loss carry forwards   $ 15,104,605     $ 18,423,741  
Deferred tax assets     3,536,964       3,132,036  
Valuation allowance     (3,536,964 )     (3,132,036 )
Total deferred tax assets, net   $ -     $ -