Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Taxes [Abstract]

Schedule of Provision for Income Taxes

Significant components of the provision for income taxes are as follows:

	For the years ended December 31,
	2024			2023			2022
Current	$	(411	)	$	9,354		$	(563,650	)
Deferred		(122,343	)		(66,695	)		(435,741	)
Income tax benefit	$	(122,754	)	$	(57,341	)	$	(999,391	)

Schedule of Reconciles China Statutory Rates

The following table reconciles China statutory rates to the Group’s effective tax rate:

	For the years ended December 31,
	2024			2023			2022
PRC statutory rates		25.0	%		25.0	%		25.0	%
Preferential tax rates		(0.4	)%		(0.4	)%		(2.9	)%
R&D credits		0.3	%		0.2	%		1.5	%
Change in valuation allowance and others		(24.8	)%		(24.8	)%		(19.2	)%
Effective tax rate		0.1	%		0.0	%		4.4	%

Schedule of Deferred Tax Assets

The significant components of the deferred tax assets are as follows:

	As of December 31,
	2024			2023
Deferred tax assets:
Provision for credit losses	$	1,483,285		$	1,268,962
Depreciation and amortization		207,204			185,676
Net operating loss carryforward		2,751,701			2,496,584
Valuation allowance		(3,464,740	)		(2,932,049	)
Deferred tax assets, net	$	977,450		$	1,019,173

Schedule of Taxes Payable

Taxes payable consists of the following:

	As of December 31,
	2024		2023
Income taxes payable	$	5,591	$	5,889
VAT and other tax payable		239,179		174,553
Taxes payable	$	244,770	$	180,442