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Income Tax (Tables)

6 Months Ended

Jun. 30, 2023

Income Tax [Abstract]

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

Reconciliation of the differences between the statutory EIT rate applicable to profits of the consolidated entities and the income tax expenses of the Company:

		June 30, 2023				June 30, 2022
Loss before taxation		$	(3,829,226	)		$	(4,723,164	)
PRC statutory tax rate			25	%			25	%
Computed expected benefits			(957,307	)			(1,180,791	)
Others, primarily the differences in tax rates			223,650				306,902
Effect of tax losses not recognized			795,209				1,185,630
Total		$	61,552			$	311,741

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- References

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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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

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