Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Taxes [Abstract]

Summary of Provision for Income Taxes

A summary of the provision for income taxes is as follows:

	December 31, 2024		December 31, 2025
Corporate Income tax	$	3,951,121		1,272,361
Trade tax		2,475,095		2,059,361
Other		216,672		146,615
Total provision for income taxes	$	6,642,888		3,478,337

Components of Income Tax Expense

The significant components of income tax expense are as follows:

	2025
Current tax expense (or benefit)	$	1,519,534
Deferred tax expense (or benefit)		(1,009,194	)
Total tax expense	$	510,340

For the period from December 16, 2024 to December 31, 2024, total tax expense amounted to $20,073. The following table presents disclosure requirements newly adopted on a prospective basis.

The income tax expense (or benefit) is disaggregated as follows:

	2025
Federal (CIT)	$	(892,032	)
State and local (TT)		698,644
Foreign		733,518
Other		(29,790	)
Total tax expense	$	510,340

Reconciliation of German Statutory Income Tax Rate to Actual Effective Income Tax Rate

A reconciliation of the German statutory income tax rate to the actual effective income tax rate is provided below:

	2025
	%			USD
German statutory corporate income tax rate		15.83		$	1,170,375
State and local income tax		9.45			698,644
Foreign tax effects		(4.17	)		(308,674	)
Changes in valuation allowances		2.70			199,351
Nontaxable or nondeductible items		(5.84	)		(432,014	)
Adjustments to prior year tax estimates		(11.58	)		(856,193	)
Other		0.53			38,851
Effective income tax rate		6.92		$	510,340

	2024
German statutory income tax rate		32.28	%
Tax rate differentials		(30.55	%)
Other		(0.93	%)
Effective income tax rate		0.80	%

Components of Deferred Tax Account Balances

The significant components of the Company`s deferred tax account balances are as follows:

	December 31, 2024			December 31, 2025
Deferred tax assets
Receivables due from related parties	$	2,599,889		$	2,004,466
Right of Use Assets		2,508,472			2,237,527
Intangible assets		1,779,153			2,813,526
Provisions		1,481,197			1,126,281
Prepaid expenses and other assets		1,057,998			785,355
Other		478,864			120,166
Loss carrying forwards		-			2,329,454
Total deferred tax assets		9,905,573			11,416,775
Valuation allowances		(2,241,536	)		(3,541,310	)
Deferred tax assets, net of valuation allowances		7,664,037			7,875,465
Offsetting		(5,824,534	)		(5,276,138	)
Deferred tax assets, net of valuation allowances per balance sheet	$	1,839,503		$	2,599,327
Deferred tax liabilities
Property, plant and equipment	$	-		$	243,713
Equity instrument investments		5,757,950			6,583,988
Intangible assets		5,278,366			5,867,921
Lease liabilities		2,508,472			2,237,527
Long-term debt		-			515,900
Other		376,129			423,319
Total deferred tax liabilities		13,920,917			15,872,368
Offsetting		(5,824,534	)		(5,276,138	)
Deferred tax liabilities per balance sheet	$	8,096,383		$	10,596,230
Net deferred tax liabilities	$	6,256,880		$	7,996,903