| 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 | |
| | |
Three-Month
Period Ended March 31, | |
| | |
2025 | | |
2024 | |
| Current taxes – PRC | |
$ | — | | |
$ | — | |
| Deferred
tax – PRC entities | |
| — | | |
| (1,270,060 | ) |
| Total
Income tax (expenses) benefits | |
$ | — | | |
$ | (1,270,060 | ) |
|
| SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES |
Significant
components of the Company’s deferred tax assets and liabilities at March 31, 2025 and December 31, 2024 are as follows:
SCHEDULE
OF DEFERRED TAX ASSETS AND LIABILITIES
| | |
March
31, 2025 | | |
December
31, 2024 | |
| Deferred tax liabilities | |
$ | — | | |
$ | — | |
| | |
| | | |
| | |
| Deferred tax assets: | |
| | | |
| | |
| Exploration costs | |
| 1,734,410 | | |
| 1,731,920 | |
| Allowance | |
| 420,144 | | |
| 729,731 | |
| Impairment of property plant
and equipment | |
| 1,688,519 | | |
| 1,686,095 | |
| PRC tax losses | |
| 10,455,188 | | |
| 9,125,871 | |
| US federal
net operating loss | |
| 1,720,637 | | |
| 1,661,464 | |
| Total deferred tax assets | |
| 16,018,898 | | |
| 14,935,081 | |
| Valuation
allowance | |
| (16,018,898 | ) | |
| (14,935,081 | ) |
| Net
deferred tax asset | |
$ | — | | |
$ | — | |
|