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Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2024
Income Taxes [Abstract]  
Schedule of Income (Loss) Before Income Taxes The Company’s income (loss) before income taxes includes the following for the six months ended June 30.
   2024   2023 
   (Unaudited)     
Non-PRC operations  $(328,168)  $(270,571)
PRC operations   620,407    1,218,486 
Total income before income taxes  $292,239   $947,915 
Schedule of Income Tax Expense Income tax expense was comprised of the following for the six months ended June 30.
   2024   2023 
   (Unaudited)     
Current tax expense  $799   $36,221 
Deferred tax expense   169,778    289,720 
Total income tax expense  $170,577   $325,941 
Schedule of Deferred Tax Assets and Liabilities The cumulative tax effect at the expected rate of 25% of significant items comprising the net deferred tax amount is at June 30, 2024 and December 31, 2023 as follows.
   June 30,
2024		   December 31,
2023		 
   (Unaudited)     
Deferred tax assets        
Net operating loss  $
   -
   $8,338 
Deferred revenue   16,145    39,340 
Unbilled cost   403,130    374,357 
Unbilled interest expenses   49,571    37,727 
Software amortization   272,220    259,965 
Allowance for doubtful accounts   12,005    13,459 
Inventories obsolescence   
-
    (6,591)
Unrealized losses on trading securities   1,720    1,761 
Accrued Bonus   42,065    43,074 
Other   41,118    34,246 
  Total deferred tax assets   837,974    805,676 
Deferred tax liabilities          
Unbilled revenue   (2,468,456)   (2,270,234)
Unbilled interest income   (89,339)   (50,369)
Deferred government subsidiary income   
-
    (41,673)
Unrealized gain on short-term investment   (279)   (285)
Other   (14,841)   (14,336)
  Total deferred tax liabilities   (2,572,915)   (2,376,897)
Valuation allowance   
-
    (32,942)
Net deferred tax liabilities  $(1,734,941)   (1,604,163)

 
Schedule of a Reconciliation of Income Tax Expense Following is a reconciliation of income tax expense at the effective rate to income tax at the calculated statutory rates for the six months ended June 30.
   2024   2023 
   (Unaudited)   (Unaudited) 
PRC statutory tax rate   25.0%   25.0%
Effect of different tax rates in different jurisdictions   28.1%   7.1%
Permanent difference   4.3%   0.1%
Exemption rendered by local authorities   1.0%   2.2%
Effective tax rate   58.4%   34.4%