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Income Taxes
 12 Months Ended
Dec. 31, 2023
Income Taxes [Abstract]  
INCOME TAXES

11. INCOME TAXES

 

Income tax expense for the years ended December 31, 2023 and 2022 consisted of the following:

 

   Year Ended
December 31,		 
   2023   2022 
Current:        
Federal  $
-
   $
-
 
State   
-
    2,400 
Foreign   140,338    
-
 
Total Current  $140,338   $2,400 
Deferred:          
Federal  $
-
   $
-
 
State   
-
    
-
 
Foreign   115,668    795,378 
Total Deferred  $115,668   $795,378 
Total provision for income taxes  $256,006   $797,778 

 

Deferred tax assets (liability) as of December 31, 2023 and 2022 consist approximately of:

 

   December 31,   December 31, 
   2023   2022 
Loss on impairment of Assets   713,223    709,961 
Net operating loss carryforwards   5,568,391    5,866,623 
Tax credit of investment   
-
    
-
 
Operating lease liabilities   213,482    213,482 
Operating lease assets   (213,482)   (213,482)
Deferred tax assets, Gross   6,281,614    6,576,584 
Valuation allowance   (6,281,614)   (6,459,474)
Deferred tax assets, net   
-
    117,110