| SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE BENEFIT |
The
components of the provision for income tax benefit (expense) from continuing operations are:
SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE BENEFIT
| |
|
2025 | | |
2024 | |
| |
| Years
Ended December 31, | |
| |
|
2025 | | |
2024 | |
| Current taxes
– PRC |
|
$ | — | | |
$ | (15,204 | ) |
| Deferred
taxes – PRC entities |
|
| — | | |
| (1,632,978 | ) |
| Total
Income tax (expenses) benefits |
|
$ | — | | |
$ | (1,648,182 | ) |
|
| SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES |
Significant
components of the Company’s deferred tax assets and liabilities at December 31, 2025 and December 31, 2024 are as follows:
SCHEDULE OF DEFERRED
TAX ASSETS AND LIABILITIES
| | |
December
31, 2025 | | |
December
31,2024 | |
| Deferred tax liabilities | |
$ | — | | |
$ | — | |
| | |
| | | |
| | |
| Deferred tax assets: | |
| | | |
| | |
| Exploration costs | |
$ | 1,771,262 | | |
$ | 1,731,920 | |
| Allowance | |
| 78,013 | | |
| 729,731 | |
| Impairment of long-lived assets | |
| 71,966 | | |
| 1,686,095 | |
| PRC tax losses | |
| 7,485,619 | | |
| 9,125,871 | |
| Accrued liabilities | |
| 124,922 | | |
| — | |
| US federal net operating
loss | |
| 1,965,991 | | |
| 1,661,464 | |
| Total deferred tax assets | |
| 11,497,773 | | |
| 14,935,081 | |
| Valuation allowance | |
| (11,497,773 | ) | |
| (14,935,081 | ) |
| Net deferred tax asset | |
$ | — | | |
$ | — | |
|