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TAXES (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Income Tax Disclosure [Abstract]

SCHEDULE OF COMPONENTS OF INCOME TAX PROVISION

The components of the income tax provision are:

 SCHEDULE OF COMPONENTS OF INCOME TAX PROVISION

			2020				2019				2018
			Years Ended December 31,
			2020				2019				2018
Current		$	-			$	-			$	-
Deferred			-				-				-
Total income tax provision		$	-			$	-			$	-

The components of the income tax provision are:

 SCHEDULE OF COMPONENTS OF INCOME TAX PROVISION

			2020				2019				2018
			Years Ended December 31,
			2020				2019				2018
Current		$	-			$	-			$	-
Deferred			-				-				-
Total income tax provision		$	-			$	-			$	-

SCHEDULE OF RECONCILIATION OF INCOME TAXES PROVISION

The reconciliation of income taxes provision computed at the statutory tax rate applicable to income tax provision are as follows:

 SCHEDULE OF RECONCILIATION OF INCOME TAXES PROVISION

		Years Ended December 31,
		2020				2019				2018
(Loss) income before income tax		$	(6,951,698	)		$	(1,673,735	)		$	140,988
Computed income tax expense (benefit) with statutory income tax rate			(1,737,925	)			(418,434	)			35,247
Effect of tax holiday and preferential tax rate			16,759				25,045				21,841
Effect of different tax rates in other jurisdictions			1,281,519				130,962				100,390
Effect of different tax rates for the TAC/KSO operations			(86,668	)			(41,896	)			36,286
Effect of tax exemption for unrecovered expenditures on TAC/KSO operations			520,007				251,378				(217,714	)
Change in valuation allowance			6,308				52,945				23,950
Total income tax provision		$	-			$	-			$	-

The reconciliation of income taxes provision computed at the statutory tax rate applicable to income tax provision are as follows:

 SCHEDULE OF RECONCILIATION OF INCOME TAXES PROVISION

		Years Ended December 31,
		2020				2019				2018
(Loss) income before income tax		$	(6,951,698	)		$	(1,673,735	)		$	140,988
Computed income tax expense (benefit) with statutory income tax rate			(1,737,925	)			(418,434	)			35,247
Effect of tax holiday and preferential tax rate			16,759				25,045				21,841
Effect of different tax rates in other jurisdictions			1,281,519				130,962				100,390
Effect of different tax rates for the TAC/KSO operations			(86,668	)			(41,896	)			36,286
Effect of tax exemption for unrecovered expenditures on TAC/KSO operations			520,007				251,378				(217,714	)
Change in valuation allowance			6,308				52,945				23,950
Total income tax provision		$	-			$	-			$	-

SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS

The components of the deferred tax assets are as follows:

 SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS

		2020				2019
		As of December 31,
		2020				2019
Tax loss carry forwards		$	83,203			$	76,895
Total deferred tax assets, gross			83,203				76,895
Valuation allowance			(83,203	)			(76,895	)
Total deferred tax assets, net		$	-			$	-

The components of the deferred tax assets are as follows:

 SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS

		2020				2019
		As of December 31,
		2020				2019
Tax loss carry forwards		$	83,203			$	76,895
Total deferred tax assets, gross			83,203				76,895
Valuation allowance			(83,203	)			(76,895	)
Total deferred tax assets, net		$	-			$	-

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 12
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