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v3.25.2

Income Taxes (Tables) | 6 Months Ended
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Jun. 30, 2025
Income Taxes [Abstract] |
Schedule of Provision for Income Taxes Expenses | The Company’s provision for income taxes expenses consisted of:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (Unaudited) |  |  | (Unaudited) |
PRC income tax |  |  |  |  |  |
Income tax provision |  | $ | 860,267 |  |  | $ | 1,099,331 |  |  | $ | 2,336,755 |  |  | $ | 1,761,179 |
Deferred income tax expenses |  |  | 16,455 |  |  |  | - |  |  |  | 11,073 |  |  |  | - |
Sub total |  | $ | 876,722 |  |  | $ | 1,099,331 |  |  | $ | 2,347,828 |  |  | $ | 1,761,179 |
US |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
BVI |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Hong Kong |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Income tax provision |  | $ | 876,722 |  |  | $ | 1,099,331 |  |  | $ | 2,347,828 |  |  | $ | 1,761,179 |
Schedule of Effective Tax Rate | The following table reconciles the PRC statutory rates to the Company’s effective tax rate for the three and six months June 30, 2025 and 2024:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (Unaudited) |  |  | (Unaudited) |
PRC statutory income tax rate |  |  | 25.0 | % |  |  | 25.0 | % |  |  | 25.0 | % |  |  | 25.0 | %
Income tax computed at PRC statutory corporate income tax rate of 25% |  |  | 28.0 | % |  |  | 28.9 | % |  |  | 30.0 | % |  |  | 35.3 | %
Tax rate differential on entities not subject to PRC income |  |  | (0.5 | )% |  |  | (0.6 | )% |  |  | (0.8 | )% |  |  | (1.6 | )%
R&D additional deduction |  |  | 0.0 | % |  |  | 0.3 | % |  |  | 0.0 | % |  |  | 0.4 | %
Change in valuation allowance |  |  | 0.0 | % |  |  | (0.2 | )% |  |  | 0.0 | % |  |  | (0.2 | )%
Temporary differences |  |  | 2.1 | % |  |  | 0.0 | % |  |  | 0.2 | % |  |  | 0.3 | %
Non-deductible expenses |  |  | (1.5 | )% |  |  | 0.5 | % |  |  | 3.4 | % |  |  | 0.9 | %
Effective tax rate |  |  | 28.1 | % |  |  | 28.9 | % |  |  | 32.8 | % |  |  | 35.1 | %
Schedule of Deferred Tax Assets | The Company’s deferred tax assets consisted of the following components:
|  | As of June 30, 2025 |  |  | As of December 31, 2024 |
|  | (Unaudited) |
Deferred tax assets: |  |  |
Credit loss on advance to vendors |  | $ | 22,600 |  |  | $ | 11,056 |
Provision of obsolete inventory |  |  | 7,991 |  |  |  | 30,607 |
Leasing liabilities |  |  | 200,883 |  |  |  | 263,536 |
Total gross deferred tax assets |  |  | 231,474 |  |  |  | 305,199 |
Less valuation allowance |  |  | - |  |  |  | - |
Deferred tax assets net of valuation allowance |  |  | 231,474 |  |  |  | 305,199 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Right-of-use assets |  |  | (200,883 | ) |  |  | (263,802 | )
Deferred tax liabilities |  |  | (200,883 | ) |  |  | (263,802 | )
Deferred tax assets, net |  | $ | 30,591 |  |  | $ | 41,397 |

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