XML 65 R37.htm IDEA: XBRL DOCUMENT
v3.23.1

Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of income (loss) before provision for income taxes |
|  | For the Year Ended December 31, 2022 |  |  | For the Year Ended December 31, 2021 |  |  | For the Year Ended December 31, 2020 |
Current income tax expense |  |  |  |  |  |  |  |  |
PRC |  |  | - |  |  |  | 777,221 |  |  |  | 39,515 |
Deferred income tax benefit |  |  |  |  |  |  |  |  |  |  |  |
PRC |  |  | (121,113 | ) |  |  | - |  |  |  | - |
|  | $ | (121,113 | ) |  | $ | 777,221 |  |  | $ | 39,515 |
Schedule of income (loss) before provision for income taxes |
|  | For the Year Ended December 31, 2022 |  |  | For the Year Ended December 31, 2021 |  |  | For the Year Ended December 31, 2020 |
Cayman Islands |  | $ | (392,100 | ) |  | $ | - |  |  | $ | - |
Hong Kong |  |  | (72 | ) |  |  | - |  |  |  | - |
PRC |  |  | (500,424 | ) |  |  | 3,085,847 |  |  |  | 379,483 |
|  | $ | (892,596 | ) |  | $ | 3,085,847 |  |  | $ | 379,483 |
Schedule of reconciliation of the income tax expense |
|  | For the Year Ended December 31, 2022 |  |  | For the Year Ended December 31, 2021 |  |  | For the Year Ended December 31, 2020 |
|  | % |  |  | % |  |  | % |
Net (loss) income before income tax |  | $ | (892,596 | ) |  | $ | 3,085,847 |  |  | $ | 379,483 |
Statutory income tax rate of the PRC |  |  | 25 | % |  |  | 25 | % |  |  | 25 | %
Income tax computed at PRC tax rate |  |  | (223,149 | ) |  |  | 771,462 |  |  |  | 94,871 |
Reconciling items |  |  |  |  |  |  |  |  |  |  |  |
Effect of tax preferential tax rate |  |  | - |  |  |  | - |  |  |  | (59,273 | )
Effect of different tax rates of subsidiary operating in other jurisdiction |  |  | 98,036 |  |  |  | - |  |  |  | - |
Non-deductible expenses |  |  | 4,000 |  |  |  | 5,759 |  |  |  | 3,917 |
Income tax (benefit) expense |  | $ | (121,113 | ) |  | $ | 777,221 |  |  | $ | 39,515 |
Effective tax rate |  |  | 13.6 | % |  |  | 25.2 | % |  |  | 10.4 | %
Schedule of tax payable |
|  | As of December 31, 2022 |  |  | As of December 31, 2021 |
Value added tax payable |  | $ | 7,213 |  |  | $ | 20,605 |
Income tax payable |  |  | - |  |  |  | 425,250 |
Other tax payable |  |  | 30,706 |  |  |  | 62,294 |
|  | $ | 37,919 |  |  | $ | 508,149 |
Schedule of deferred taxes |
Deferred tax assets |  | As of December 31, 2022 |  |  | As of December 31, 2021 |
Bad debt provision |  | $ | 30,085 |  |  | $ | - |
Tax loss carry forward |  |  | 84,000 |  |  |  | - |
Others |  |  | 4,074 |  |  |  | - |
Deferred tax assets, net |  | $ | 118,159 |  |  | $ | - |
Schedule of net operating loss carry forward |
Location |  | As of December 31, 2022 |  |  | As of December 31, 2021 |
PRC* |  | $ | 344,401 |  |  | $ | - |
Hong Kong** |  |  | 72 |  |  |  | - |
Total |  |  | 344,473 |  |  |  | - |
* | Net operating loss of PRC subsidiary will be expired, if unused, on December 31, 2027.
** | Net operating loss in Hong Kong has no expiring date.

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32559-109319 + Details
Name: | us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration