| SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE BENEFIT |
The
components of the income tax benefit from continuing operations are:
SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE BENEFIT
| | |
| 2026 | | |
| 2025 | | |
| 2026 | | |
| 2025 | |
| | |
| Three-Month
Period Ended
June 30, | | |
| Six-Month
Period Ended
June 30, | |
| | |
| 2026 | | |
| 2025 | | |
| 2026 | | |
| 2025 | |
| Current taxes – PRC | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
| Deferred tax – PRC entities | |
| — | | |
| — | | |
| — | | |
| — | |
| Total Income tax (expenses) benefits | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
|
| SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES |
Significant
components of the Company’s deferred tax assets and liabilities at June 30, 2026 and December 31, 2025 are as follows:
SCHEDULE OF DEFERRED
TAX ASSETS AND LIABILITIES
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Deferred tax liabilities | |
$ | — | | |
$ | — | |
| | |
| | | |
| | |
| Deferred tax assets: | |
| | | |
| | |
| Exploration costs | |
$ | 1,827,899 | | |
$ | 1,771,262 | |
| Allowance | |
| 19,441 | | |
| 78,013 | |
| Impairment of long-lived assets | |
| 74,268 | | |
| 71,966 | |
| PRC tax losses | |
| 7,478,724 | | |
| 7,485,619 | |
| Accrued liabilities | |
| 128,916 | | |
| 124,922 | |
| US federal net operating loss | |
| 1,947,391 | | |
| 1,965,991 | |
| Total deferred tax assets | |
| 11,476,639 | | |
| 11,497,773 | |
| Valuation allowance | |
| (11,476,639 | ) | |
| (11,497,773 | ) |
| Net deferred tax asset | |
$ | — | | |
$ | — | |
|