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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Taxes [Abstract] |
Schedule of Effective Income Tax Rate | The reconciliations of the statutory income tax rate and the Company’s effective income tax rate are as follows:
|  | For the Year Ended |  |  | For the Year Ended |  |  | For the Year Ended |
|  | December 31, 2023 |  |  | December 31, 2022 |  |  | December 31, 2021 |
Hong Kong statutory income tax rate |  |  | 16.5 | % |  |  | 16.5 | % |  |  | 16.5 | %
Valuation allowance recognized with respect to the loss in the Hong Kong companies |  |  | (16.5 | )% |  |  | (16.5 | )% |  |  | (16.5 | )%
PRC statutory income tax rate |  |  | 25.0 | % |  |  | 25.0 | % |  |  | 25.0 | %
Effect of income tax exemptions and reliefs |  |  | (20.0 | )% |  |  | (20.0 | )% |  |  | (20.0 | )%
Valuation allowance recognized with respect to the loss in the PRC companies |  |  | (5.0 | )% |  |  | (5.0 | )% |  |  | (5.0 | )%
US corporate tax rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
Valuation allowance recognized with respect to the loss in the US companies |  |  | (21.0 | )% |  |  | (21.0 | )% |  |  | (21.0 | )%
Total |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | %
Schedule of Deferred Income Tax Assets | As of December 31, 2023, 2022 and 2021, the components of the Company’s deferred income tax assets were set forth below:
|  | December 31, 2023 |  |  | December 31, 2022 |  |  | December 31, 2021 |
Deferred Tax Assets: |  |  |  |  |  |  |  |  |
Net operating losses carry forward |  | $ | 1,548,868 |  |  | $ | 1,194,054 |  |  | $ | 859,455 |
Cutoff adjustments |  |  | - |  |  |  | 44,395 |  |  |  | 47,704 |
Gross deferred tax assets |  |  | 1,548,868 |  |  |  | 1,238,449 |  |  |  | 907,159 |
Less: valuation allowance |  |  | (1,548,868 | ) |  |  | (1,238,449 | ) |  |  | (907,159 | )
Net deferred tax assets |  | $ | - |  |  | $ | - |  |  | $ | - |

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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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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 + Details
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