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RESTRICTED NET ASSETS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Receivables [Abstract] |
SCHEDULE OF INCOME TAX EXPENSE | The income tax expense consisted of the following components: SCHEDULE OF INCOME TAX EXPENSE
|  | 2022 |  |  | 2023 |
|  | For the years ended December 31, |
|  | 2022 |  |  | 2023 |
Current income tax expense |  | $ | - |  |  | $ | - |
Deferred income tax benefit |  |  | - |  |  |  | - |
Total income tax expense |  | $ | - |  |  | $ | - |
SCHEDULE OF LOSS BEFORE INCOME TAX | Loss before provision for income taxes is attributable to the following geographic locations for the years ended December 31, 2022 and 2023: SCHEDULE OF LOSS BEFORE INCOME TAX
|  | 2022 |  |  | 2023 |
|  | For the years ended December 31, |
|  | 2022 |  |  | 2023 |
Taiwan |  | $ | (859,741 | ) |  | $ | (1,080,900 | )
PRC |  |  | (357,345 | ) |  |  | (915,691 | )
Others |  |  | - |  |  |  | (71,470 | )
Total loss before income taxes |  | $ | (1,217,086 | ) |  | $ | (2,068,061 | )
SCHEDULE OF RECONCILIATION OF PROVISION FOR INCOME TAXES | A reconciliation between the Company’s actual provision for income taxes and the provision at the Taiwan statutory rate is as follows: SCHEDULE OF RECONCILIATION OF PROVISION FOR INCOME TAXES
|  | 2022 |  |  | 2023 |
|  | For the years ended December 31, |
|  | 2022 |  |  | 2023 |
Loss before income tax expense |  | $ | (1,217,086 | ) |  | $ | (2,068,061 | )
Taiwan statutory tax rate |  |  | 20 | % |  |  | 20 | %
Computed income tax expense with Taiwan statutory tax rate |  | $ | (243,417 | ) |  | $ | (413,612 | )
Tax effect of different tax rates in other jurisdictions |  |  | (18,404 | ) |  |  | (29,619 | )
Tax effect of additional deduction for R&D expenses |  |  | (47,431 | ) |  |  | (70,546 | )
Non-deductible expenses |  |  | 674 |  |  |  | 110,872 |
Exchange rate effect |  |  | (2,265 | ) |  |  | (17,054 | )
Prior year true up |  |  | - |  |  |  | 56,362 |
Tax effect on deferred tax allowance |  |  | 310,843 |  |  |  | 363,597 |
Income tax expense |  | $ | - |  |  | $ | - |
SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS | As of December 31, 2022 and 2023, the significant components of the deferred tax assets are summarized below: SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS
|  | 2022 |  |  | 2023 |
|  | As of December 31, |
|  | 2022 |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating loss carried forward |  | $ | 2,605,009 |  |  | $ | 2,826,537 |
Impairment loss |  |  | 353,769 |  |  |  | 305,219 |
Impact of foreign exchange |  |  | 4,813 |  |  |  | 6,425 |
Lease Liability |  |  | 24,036 |  |  |  | 46,998 |
Total deferred tax assets |  |  | 2,987,628 |  |  |  | 3,185,179 |
Valuation allowance |  |  | (2,963,591 | ) |  |  | (3,140,578 | )
Deferred tax assets, net of valuation allowance |  |  | 24,037 |  |  |  | 44,601 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Right of use asset |  |  | (24,037 | ) |  |  | (44,601 | )
Total deferred tax liabilities |  |  | (24,037 | ) |  |  | (44,601 | )
Total deferred tax assets, net |  | $ | - |  |  | $ | - |
SCHEDULE OF MOVEMENT OF VALUATION ALLOWANCE PROVISION FOR DEFERRED TAX ASSETS | The movement of valuation allowance provision for deferred tax assets is as follows: SCHEDULE OF MOVEMENT OF VALUATION ALLOWANCE PROVISION FOR DEFERRED TAX ASSETS
Balance as of December 31, 2021 |  | $ | 3,093,005 |
Current year addition |  |  | 311,190 |
Expire of NOL |  |  | (152,259 | )
Exchange rate effect |  |  | (288,345 | )
Balance as of December 31, 2022 |  | $ | 2,963,591 |
Current year addition |  |  | 363,597 |
Expire of NOL |  |  | (168,776 | )
Exchange rate effect |  |  | (17,834 | )
Balance as of December 31, 2023 |  | $ | 3,140,578 |
SCHEDULE OF OPERATING LOSS CARRYFORWARDS | SCHEDULE OF OPERATING LOSS CARRYFORWARDS
For the fiscal years ended December 31, |  | Amount |
2024 |  | $ | 705,913 |
2025 |  |  | 1,173,827 |
2026 |  |  | 1,219,816 |
2027 |  |  | 1,245,291 |
2028 |  |  | 1,214,150 |
2029 |  |  | 1,891,241 |
2030 |  |  | 1,260,130 |
2031 |  |  | 1,646,751 |
2032 |  |  | 1,159,484 |
2033 |  |  | 1,626,346 |
Total |  | $ | 13,142,949 |

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition 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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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