XML 133 R121.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Income Taxes, Deferred Tax Assets and Deferred Tax Liabilities (Details) - Schedule of Provision for Income Taxes Determined at the Statutory Income Tax Rate - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Schedule of Provision for Income Taxes Determined at the Statutory Income Tax Rate [Abstract]        
Income (loss) before income taxes $ 6,823,912 $ (3,246,538) $ 17,445,172 $ (5,853,904)
United States federal corporate income tax rate 21.00% 21.00% 21.00% 21.00%
Income tax credit computed at United States statutory corporate income tax rate $ 1,433,022 $ (681,773) $ 3,663,486 $ (1,229,320)
Reconciling items:        
Rate differential for PRC earnings 288,864 (79,725) 763,026 (182,284)
Tax effect of entity at preferential tax rate (741,320) (35,675) (2,332,760) 52,986
Non-taxable (income) expenses 64,124 90,052 298,526 98,120
Share based payments 19,359 173,138 43,841 174,166
Over (under) provision of tax loess (218,177) (227,127) (218,177) (227,127)
Utilization of tax losses (138,210) (1,890,909)
Valuation allowance on deferred tax assets 93,065 453,799 1,522,480 603,264
Income tax expenses (credit) $ 800,727 $ (307,311) $ 1,849,513 $ (710,195)