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Income Tax Expenses | 6 Months Ended
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Jun. 30, 2026
Income Tax Expenses [Abstract] |
INCOME TAX EXPENSES | NOTE 12 – INCOME TAX EXPENSES Next Technology Holding Inc. in Wyoming is subject to U.S. federal income tax at 21% and a state income tax rate of nil. The Company owns a subsidiary incorporated in Hong Kong and are subject to Hong Kong profits tax at a tax rate of 16.5%. The Company owns another subsidiary incorporated in the British Virgin Islands (BVI). Under the current tax laws of BVI, the subsidiary’s income tax rate is nil. The current and deferred portions of income tax expense included in the consolidated statements of comprehensive loss are as follows:
|  | For the Three Months ended June 30, |  |  | For the Six Months ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Current income tax expense |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Deferred income tax (benefit) expense |  |  | (13,229,758 | ) |  |  | 31,519,811 |  |  |  | (40,524,270 | ) |  |  | 82,940,684 |
Total |  | $ | (13,229,758 | ) |  | $ | 31,519,811 |  |  | $ | (40,524,270 | ) |  | $ | 82,940,684 |
The (loss) income before income tax for domestic and foreign component’s were as follows:
|  | For the Three Months ended June 30, |  |  | For the Six Months ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
US |  | $ | (42,942,430 | ) |  | $ | 150,094,338 |  |  | $ | (176,088,673 | ) |  | $ | 394,955,636 |
Hongkong and BVI |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | (42,942,430 | ) |  | $ | 150,094,338 |  |  | $ | (176,088,673 | ) |  | $ | 394,955,636 |
For the three and six months ended June 30, 2026 and 2025, the Company paid nil for income expense. The principal components of deferred tax assets and deferred tax liabilities are as follows:
|  | As of June 30, 2026 |  |  | As of December 31, 2025 |
Deferred tax liabilities |  |  |  |  |  |
Fair value gain of Bitcoin |  | $ | 35,371,589 |  |  | $ | 69,946,762 |
Less: Net operating loss carry forward |  |  | (11,279,517 | ) |  |  | (5,330,420 | )
Total deferred tax liabilities |  | $ | 24,092,072 |  |  | $ | 64,616,342 |

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