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INCOME TAXES (Tables) | 9 Months Ended
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Sep. 30, 2021
Income Tax Disclosure [Abstract] |
Schedule of Loss before income tax |
Schedule of Loss before income tax |  |  |  |  |  |  |  |
|  | Nine months ended September 30,
|  | 2021 |  | 2020
Tax jurisdiction from: |  |  |  |  |  |  |  |
- Local |  | $ | 14,272,684 |  |  | $ | — |
- Foreign |  |  | 1,246,371 |  |  |  | 2,507,042 |
Loss before income taxes |  | $ | 15,519,055 |  |  | $ | 2,507,042 |
Schedule of provision for income taxes |
Schedule of provision for income taxes |  |  |  |  |  |  |  |
|  | Nine months ended September 30,
|  | 2021 |  | 2020
Current: |  |  |  |
- United States |  | $ | — |  |  | $ | — |
- Singapore |  |  | — |  |  |  | — |
- Vietnam |  |  | — |  |  |  | — |
- India |  |  | 9,943 |  |  |  | 15,069 |
Deferred: |  |  |  |  |  |  |  |
- United States |  |  | — |  |  |  | — |
- Singapore |  |  | — |  |  |  | — |
- Vietnam |  |  | — |  |  |  | — |
- India |  |  | — |  |  |  | — |
Income tax expense |  | $ | 9,943 |  |  | $ | 15,069 |
Schedule of Effective Income Tax Rate Reconciliation |
Schedule of Effective Income Tax Rate Reconciliation |  |  |  |
|  | Nine months ended September 30,
|  | 2021 |  | 2020
Loss before income taxes |  | $ | (450,407 | ) |  | $ | (233,689 | )
Statutory income tax rate |  |  | 20 | % |  |  | 20 | %
Income tax expense at statutory rate |  |  | (90,081 | ) |  |  | (46,738 | )
Tax effect of allowance |  |  | 90,081 |  |  |  | 46,738 |
Income tax expense |  | $ | — |  |  | $ | — |
As of September 30, 2021, the operation in the Vietnam incurred $859,275 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carryforwards begin to expire in 2026, if unutilized. The Company has provided for a full valuation allowance against the deferred tax assets of $171,855 on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future. India The Company’s subsidiary operating in India is subject to the India Income Tax at a standard income tax rate of 25% during its tax year. The reconciliation of income tax rate to the effective income tax rate for the nine months ended September 30, 2021 and 2020 is as follows:
|  | Nine months ended September 30,
|  | 2021 |  | 2020
Income before income taxes |  | $ | 17,716 |  |  | $ | (182,363 | )
Statutory income tax rate |  |  | 25 | % |  |  | 15 | %
Income tax expense at statutory rate |  |  | 4,429 |  |  |  | (27,354 | )
Tax effect of allowance |  |  | 5,514 |  |  |  | 42,423 |
Income tax expense |  | $ | 9,943 |  |  | $ | 15,069 |
Schedule of Deferred Tax Assets and Liabilities |
Schedule of Deferred Tax Assets and Liabilities |  |  |  |
|  | September 30, 2021 |  | December 31, 2020
|  |  | (Unaudited) |  |  |  |  |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating loss carryforwards |  |  |  |  |  |  |  |
- United States |  | $ | 5,269,929 |  |  | $ | 2,171,941 |
- Singapore |  |  | 230,027 |  |  |  | 131,985 |
- Vietnam |  |  | 171,855 |  |  |  | 81,774 |
- India |  |  | — |  |  |  | — |
|  |  | 5,671,811 |  |  |  | 2,385,700 |
Less: valuation allowance |  |  | (5,671,811 | ) |  |  | (2,385,700 | )
Deferred tax assets, net |  | $ | — |  |  | $ | — |

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