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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Provision | The income tax provision consists of the following components:
|  | For the year ended December 31, 202 3 |  |  | For the year ended December 31, 202 2 |
C urrent: |  |  |  |  |  |  |  |
Federal |  | $ | - |  |  | $ | 22,305 |
State |  |  | 12,851 |  |  |  | 68,071 |
Foreign |  |  | 1,509 |  |  |  | 36,608 |
Total current |  | $ | 14,361 |  |  | $ | 126,984 |
Deferred: |  |  |  |  |  |  |  |
Federal |  | $ | - |  |  | $ | - |
State |  |  | - |  |  |  | - |
Foreign |  |  | - |  |  |  | - |
Total deferred |  | $ | - |  |  | $ | - |
Total income tax expense |  | $ | 14,361 |  |  | $ | 126,984 |
Schedule of Reconciliation Between Actual and Statutory Provision for Income Taxes | A reconciliation between the Company’s actual provision for income taxes and the provision at the United States statutory rate is as follow:
|  | For the year ended December 31, 202 3 |  |  | For the year ended December 31, 202 2 |
(Loss) i ncome before income tax expense |  | $ | (7,118,212 | ) |  | $ | 1,056,043 |
Computed tax benefit with statutory tax rate |  |  | 29.84 | % |  |  | 29.84 | %
Income tax expense computed at statutory income tax rate |  |  | (1,628,314 | ) |  |  | 315,123 |
Impact of different tax rates in other jurisdictions |  |  | 1,439,715 |  |  |  | (509,453 | )
Tax effect of non-deductible expenses |  |  | 202,961 |  |  |  | 321,314 |
Total income tax expense |  | $ | 14,361 |  |  | $ | 126,984 |

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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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + 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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