v3.26.3
INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
SCHEDULE OF PROVISION FOR INCOME TAXES EXPENSES

The Company’s provision for income tax expenses consisted of:

 

    2026    2025 
    For the six months ended June 30, 
    2026    2025 
    (Unaudited)    (Unaudited) 
PRC income tax          
Current  $-   $- 
Total  $-   $- 
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

Reconciliations of the income tax expenses (benefits) computed by applying the PRC statutory income tax rate of 25% to the Company’s income tax expenses for the six months ended June 30, 2026 and 2025 presented are as follows:

   

   2026   2025 
   For the six months ended June 30, 
   2026   2025 
   (Unaudited)   (Unaudited) 
Loss from operations in mainland China  $(1,055,633)  $(611,878)
Income from operations in Hong Kong and others   21,549,740    (810,704)
Income from operations before income taxes   20,494,107    (1,422,582)
Tax credit at PRC corporate income tax rate of 25%   5,123,527    (355,646)
Non-taxable income non-deductible expenses   (5,275,921)   205,176 
Changes in valuation allowance   152,394    150,470 
Income tax expenses  $-   $- 
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The Company’s deferred tax assets consisted of the following components:

  

  

As of June 30,

2026

  

As of December 31,

2025

 
    (Unaudited)     (Audited) 
Deferred tax assets          
Net operating loss carry-forwards  $346,807   $259,808 
Accrued cost and expense   -    36,030 
Provision for warranty liability   49,282    21,106 
Lease expense   507    492 
Less: valuation allowance   (396,596)   (317,436)
Deferred tax assets, net of valuation allowance  $-   $-