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Income Taxes
 9 Months Ended
Sep. 30, 2022
Income Tax Disclosure [Abstract]  
INCOME TAXES

13. INCOME TAXES

 

Income tax expense for the three-month and nine-month periods ended September 30, 2022 and 2021 consisted of the following:

 

   Three Months Ended
September 30,		   Nine Months Ended
September 30,		 
   2022   2021   2022   2021 
Current:                
Federal  $
-
   $
-
   $
-
   $
-
 
State   800    
-
    1,600    800 
Foreign   
-
    
-
    
-
    
-
 
Total Current  $800   $
-
   $1,600   $800 
Deferred:                    
Federal  $
-
   $
-
   $
-
   $
-
 
State   
-
    
-
    
-
    
-
 
Foreign   3,422    (75,667)   (166,696)   (187,055)
Total Deferred  $3,422   $(75,667)  $(166,696)  $(187,055)
Total provision for income taxes  $4,222   $(75,667)  $(165,096)  $(186,255)

 

Deferred tax assets (liability) as of September 30, 2022 and December 31, 2021 consist approximately of:

 

   September 30,   December 31, 
   2022   2021 
Loss on impairment of Assets   648,716    741,390 
Net operating loss carryforwards in the Taiwan   402,245    283,725 
Tax credit of investment   610,914    698,187 
Gross   1,661,875    1,723,302 
Valuation allowance   (648,716)   (741,390)
Net  $1,013,159   $981,912