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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes [Abstract]

Schedule of Current and Deferred Portions of Income Tax Expense

The current and deferred portions of income tax expense included in the consolidated statements of operations and comprehensive income were as follows:

		For the Years Ended December 31,
		2024				2023				2022
Current tax provision		$	39,615			$	92,869			$	264,467
Deferred tax provision (benefit)			(31,223	)			(25,129	)			15,602
Income tax expense		$	8,392			$	67,740			$	280,069

Schedule of Effective Tax Rate

The following table reconciles the statutory rates to the Company’s effective tax rate in the PRC:

		For the Years Ended December 31,
		2024				2023				2022
PRC statutory income tax rate			25	%			25	%			25	%
Effect of income tax exemptions and reliefs			(10	)%			(10	)%			(10	)%
Effect of additional deduction allowed for tax purposes			(6	)%			(8	)%			(6	)%
Effective tax rate			9	%			7	%			9	%

Schedule of Deferred Assets and Liabilities

The tax effects of temporary differences that give rise to the deferred assets and liabilities were as follows:

		December 31,
Deferred Tax Assets		2024				2023
Depreciation and amortization		$	28,948			$	2,357
Allowance for CECL			6,971				7,916
Inventory reserve			4,854				-
Deferred tax assets		$	40,773			$	10,273

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

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