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Income Tax (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax [Abstract]

Schedule of significant components of the provision for income taxes

		2022				2021
Current tax		$	456,598			$	73,400
Deferred tax - book-tax difference			60,504				-
The provision for income taxes		$	517,102			$	73,400

Schedule of statutory EIT rate applicable to profits of the consolidated entities and the income tax expenses

		2022				2021
Loss before taxation		$	(13,799,108	)		$	(11,743,625	)
Notional tax on profit before CIT and Hong Kong
Computed expected tax expense			(3,449,777	)			(413,908	)
Others, primarily the difference in tax rates			1,418,125				499,543
Deferred tax assets losses not recognized			2,488,250				(12,235	)
Total		$	456,598			$	73,400

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- References

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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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