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Taxes (Tables)
 6 Months Ended
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