INCOME AND OTHER TAXES (Tables)

12 Months Ended

Dec. 31, 2023

INCOME AND OTHER TAXES

Schedule of income tax expense

	2023		2022
Current income tax expense:
Domestic	$	-	$	16,073
Foreign		-		-
Total current		-		16,073
Deferred income tax expense:
Domestic		-		-
Foreign		-		-
Total deferred		-		-
Total income tax expense	$	-	$	16,073

Schedule of Income before Income Tax, Domestic and Foreign

	2023			2022
Domestic	$	(397,156	)	$	2,729,793
Foreign		(5,951,131	)		(2,285,059	)
Income (loss) before income taxes	$	(6,348,287	)	$	444,734

Schedule of U.S. federal income tax rate to pre-tax income (loss)

	2023			2022
U.S. federal statutory tax provision (benefit)	$	(1,333,000	)	$	93,073
State income tax provision (benefit) net		(88,000	)		67,000
Foreign taxes		(536,000	)		(136,000	)
VAT refund reserve and other non-deductible items		1,008,000			4,000
Adjustment for prior year tax estimate to actual-domestic		(7,000	)		69,000
Adjustment for prior year tax estimate to actual-foreign		136,000			(32,000	)
Impact on change in state tax rate		-			7,000
Impact on change in foreign exchange rate		(275,000	)		(83,000	)
Change in valuation allowance - Domestic		170,000			(358,000	)
Change in valuation allowance - Foreign		925,000			385,000
Total income tax expense	$	-		$	16,073

Schedule of Deferred Tax Assets and Liabilities

	2023			2022
Deferred tax asset:
Domestic net operating loss carry forward	$	646,000		$	307,000
Foreign net operating loss carry forward		2,883,000			1,958,000
Allowance for doubtful accounts		64,000			7,000
Other		5,000			-
Deferred tax asset	$	3,598,000		$	2,272,000
Valuation allowance (domestic)		(228,000	)		(58,000	)
Valuation allowance (foreign)		(2,883,000	)		(1,958,000	)
Total deferred tax asset	$	487,000		$	256,000
Deferred tax liability:
Property, plant, and equipment		(487,000	)		(245,000	)
Other		-			(11,000	)
Total deferred tax liability	$	(487,000	)	$	(256,000	)
Net deferred tax asset after valuation allowance	$	-		$	-