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Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Taxes [Abstract] |
Schedule of Current and Deferred Components of Income Tax Expenses | The current and deferred components of income tax expenses from continuing operations appearing in the consolidated statements of operations are as follows:
|  | For the Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Current tax expenses |  |  |  |  |  |
Federal |  | $ | (90,000 | ) |  | $ | - |
State |  |  | (51,810 | ) |  |  | - |
Total current tax expenses |  | $ | (141,810 | ) |  | $ | - |
Deferred tax benefits (expenses) |  |  |  |  |  |  |  |
Federal |  | $ | 173,911 |  |  | $ | (327,822 | )
State |  |  | - |  |  |  | - |
Total deferred tax benefits (expenses) |  | $ | 173,911 |  |  | $ | (327,822 | )
Total benefits (provision) for income taxes |  | $ | 32,101 |  |  | $ | (327,822 | )
Schedule of Effective Rate to Income Tax | The following is a reconciliation of income tax expenses at the effective rate to income tax at the calculated statutory rates:
|  | December 31, 2024 |  |  | December 31, 2023 |
Statutory tax rate |  |  |  |  |  |
Federal |  |  | 21.00 | % |  |  | 21.00 | %
State (net of federal benefit) |  |  | 12.56 | % |  |  | 8.28 | %
Foreign tax |  |  | (1.21 | )% |  |  | (6.14 | )%
Provision of credit loss |  |  | (7.72 | )% |  |  | - | %
Impairment loss on intangible assets |  |  | (5.97 | )% |  |  | - | %
Change in valuation allowance |  |  | (19.05 | )% |  |  | (23.56 | )%
Others |  |  | 0.16 | % |  |  | 3.18 | %
Effective tax rate |  |  | (0.23 | )% |  |  | 2.76 | %
Schedule of Deferred Income Tax Assets and Liabilities | The principal components of the Company’s deferred income tax assets and liabilities as of December 31, 2024 and 2023 were as follows:
|  | December 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Deferred tax assets |  |  |  |  |  |
Net operating losses carried forward |  | $ | 6,105,138 |  |  | $ | 6,295,697 |
Provision of credit loss on note receivable and loan receivable |  |  | 1,092,011 |  |  |  | - |
Impairment loss of intangible assets |  |  | 845,008 |  |  |  | - |
Lease liability |  |  | 605,169 |  |  |  | 352,102 |
Total deferred tax assets |  | $ | 8,647,326 |  |  | $ | 6,647,799 |
Less: Valuation allowance |  |  | (8,020,571 | ) |  |  | (6,647,799 | )
Deferred tax assets, net of valuation allowance |  | $ | 626,755 |  |  | $ | - |
Deferred tax liabilities |  |  |  |  |  |  |  |
Right - Of - Use assets |  | $ | (465,347 | ) |  | $ | (327,822 | )
Amortization of intangible assets |  |  | (315,319 | ) |  |  | - |
Total deferred tax liabilities |  | $ | (780,666 | ) |  | $ | (327,822 | )
Total deferred tax liabilities, net |  | $ | (153,911 | ) |  | $ | (327,822 | )

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