| 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
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
Three-Month Period Ended June 30, | | |
Six-Month Period Ended June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Current taxes – PRC | |
$ | — | | |
$ | 33,224 | | |
$ | — | | |
$ | 33,224 | |
| Deferred tax – PRC entities | |
| — | | |
| (1,241,334 | ) | |
| — | | |
| (2,511,394 | ) |
| Total Income tax benefits | |
$ | — | | |
$ | (1,208,110 | ) | |
$ | — | | |
$ | (2,478,170 | ) |
|
| SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES |
Significant
components of the Company’s deferred tax assets and liabilities at June 30, 2025 and December 31, 2024 are as follows:
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES
| | |
June
30, 2025 | | |
December
31, 2024 | |
| Deferred
tax liabilities | |
$ | — | | |
$ | — | |
| | |
| | | |
| | |
| Deferred
tax assets: | |
| | | |
| | |
| Exploration
costs | |
| 1,739,141 | | |
| 1,731,920 | |
| Allowance | |
| 421,291 | | |
| 729,731 | |
| Impairment
of property plant and equipment | |
| 1,693,125 | | |
| 1,686,095 | |
| PRC
tax losses | |
| 10,696,174 | | |
| 9,125,871 | |
| US
federal net operating loss | |
| 1,737,880 | | |
| 1,661,464 | |
| Total
deferred tax assets | |
| 16,287,611 | | |
| 14,935,081 | |
| Valuation
allowance | |
| (16,287,611 | ) | |
| (14,935,081 | ) |
| Net
deferred tax asset | |
$ | — | | |
$ | — | |
|