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Taxes (Tables) | 6 Months Ended
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Jun. 30, 2025
Taxes [Abstract] |
Schedule of Income (loss) Before Income Taxes | The components of income (loss) before income taxes are as follows:
|  | For the Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |
Non-PRC |  | $ | (119 | ) |  | $ | (176 | )
PRC |  |  | 6,887 |  |  |  | 5,825 |
Total |  | $ | 6,768 |  |  | $ | 5,649 |
Schedule of Income Tax Provision | The components of the income tax provision are as follows:
|  | For the Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |
Current income tax expense |  | $ | 786 |  |  | $ | 430 |
Deferred income tax expense |  |  | 1 |  |  |  | 207 |
Total income tax expense |  | $ | 787 |  |  | $ | 637 |
Schedule of Statutory Rates to the Company’s Effective Tax Rate | The following table reconciles the China statutory rates to the Company’s effective tax rate for the six months ended June 30, 2025 and 2024:
|  | For the Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |
PRC statutory income tax rate |  |  | 25.0 | % |  |  | 25.0 | %
Effect of preferential tax rates (a) |  |  | (15.2 | )% |  |  | (12.7 | )%
Eligible additional deduction (b) |  |  | (1.0 | )% |  |  | (3.1 | )%
Impact of different tax rates in other jurisdictions |  |  | 0.4 | % |  |  | 0.8 | %
Non-taxable and exemptions |  |  | - | % |  |  | 0.1 | %
Permanent differences (c) |  |  | 2.4 | % |  |  | 1.2 | %
Effective income tax rate |  |  | 11.6 | % |  |  | 11.3 | %
(a) | Preferential tax rates for small and micro enterprises and high-tech entities.
(b) | Eligible additional deduction mainly consisted of research and development super deduction and disabled staff super deduction.
(c) | Permanent differences mainly consisted of non-deductible meal and entertainment fees in PRC tax returns.
Schedule of Financial Accounting Basis and Tax Basis of Assets and Liabilities | The following table summarizes deferred tax assets and liabilities resulting from differences between financial accounting basis and tax basis of assets and liabilities:
|  | As of June 30, 2025 |  |  | As of December 31, 2024 |
Deferred tax assets: |  |  |  |  |  |
Net operating losses carryforward |  | $ | 306 |  |  | $ | 280 |
Allowance for credit losses |  |  | 866 |  |  |  | 791 |
Deferred income (a) |  |  | 253 |  |  |  | 256 |
Intangible assets (b) |  |  | 192 |  |  |  | 193 |
Operating lease liabilities |  |  | 1,439 |  |  |  | 1,806 |
Total deferred tax assets |  |  | 3,056 |  |  |  | 3,326 |
Less: valuation allowance |  |  | - |  |  |  | - |
Total deferred tax assets, net of valuation allowance |  |  | 3,056 |  |  |  | 3,326 |
Net off against deferred tax liabilities |  |  | (1,517 | ) |  |  | (1,892 | )
Net deferred tax assets |  | $ | 1,539 |  |  | $ | 1,434 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Property and equipment (c) |  | $ | 157 |  |  | $ | 41 |
Operating lease right-of-use assets |  |  | 1,515 |  |  |  | 1,904 |
Deferred tax liabilities |  |  | 1,672 |  |  |  | 1,945 |
Net off against deferred tax assets |  |  | (1,517 | ) |  |  | (1,892 | )
Net deferred tax liabilities |  | $ | 155 |  |  | $ | 53 |
(a) | Deferred income represents the assets related government subsidies, which will amortize on a straight-line basis within the useful life of related assets. The tax basis is recognized when the Company received the subsidies.
(b) | Intangible assets represent the amortization temporary difference of licensed software. Management uses 10 years useful life as the tax basis, which is different from the 5 years useful life in accounting basis.
(c) | Property and equipment represent the amortized temporary difference between the tax basis and the accounting basis.
Schedule of Tax Payable | Tax payable consisted of the following:
|  | As of June 30, 2025 |  |  | As of December 31, 2024 |
Value-added tax payable |  | $ | 2,791 |  |  | $ | 1,879 |
Income tax payable |  |  | 617 |  |  |  | 821 |
Other taxes payable |  |  | 294 |  |  |  | 317 |
Total |  | $ | 3,702 |  |  | $ | 3,017 |

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