Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Taxes [Abstract]

Schedule of Income Tax Provision (Benefit)

Income tax provision (benefit) were comprised of the following:

	For the Years Ended December 31,
	2025		2024			2023
Current income tax provision (benefits)
Federal	$	-	$	-		$	-
State		1,600		1,600			4,000
Foreign		-		-			83,100
		1,600		1,600			87,100
Deferred income tax provision (benefits)
Federal		-		-			-
State		-		-			-
Foreign		-		(277,000	)		-
		-		(277,000	)		-
Income tax provision (benefits)	$	1,600	$	(275,400	)	$	87,100

Schedule of Reconciliation of Effective Income Tax Rate

The reconciliation of the U.S. federal statutory income tax rate to the 2025 effective income tax rate was as follows:

	For the years ended December 31, 2025
	Amount			%
Federal tax at statutory rate	$	(7,200,700	)	$	21.0
State and local income taxes, net of federal effect* (a)		1,600			(0.0	)
Change in valuation allowance		4,570,400			(13.3	)
Non-taxable income or non-deductible expenses		0			(0.0	)
Others		(200	)		0.0
Foreign tax effects:
Singapore
Statutory income tax rate differential		327,900			(1.0	)
Nondeductible Capital Loss		931,600			(2.7	)
Change in Valuation Allowance		462,000			(1.3	)
Cayman Islands
Statutory income tax rate differential		906,800			(2.6	)
Other foreign jurisdictions		2,200			(0.0	)
Income tax provision	$	1,600		$	(0.00	)

	For the years ended December 31,
	2024			2023
Income tax benefits at statutory federal income tax rate	$	(2,261,300	)	$	(976,100	)
State tax expense, net of federal benefit		1,600			4,000
Foreign tax expenses (benefit)		(159,000	)		54,700
Non-taxable income		(383,000	)		(284,600	)
Others		(14,830	)		2,900
Impairment on long-term investments		131,530			-
Global intangible low tax income		-			173,700
Valuation allowance		2,409,600			1,112,500
Income tax provision (benefits)	$	(275,400	)	$	87,100

Schedule of Deferred Tax Assets and Liabilities

Temporary differences and carry-forwards that give rise to a significant portion of deferred tax assets and liabilities as of December 31, 2025 and 2024 were as follows: 

	December 31, 2025			December 31, 2024
Deferred tax assets:
Current and prior year tax losses	$	13,120,500		$	8,168,900
Deferred interest expense		3,991,300			3,991,300
Basis in deductible goodwill		722,000			787,700
Deferred maintenance, bad debt allowance and other		210,000			210,000
Capital loss carryforward		4,000			-
Gross deferred tax assets		18,047,800			13,157,900
Valuation allowance		(18,047,800	)		(13,157,900	)
Deferred tax assets, net of valuation allowance	$	-		$	-

	December 31, 2025			December 31, 2024
Deferred tax assets	$	18,047,800		$	13,157,900
Valuation allowance		(18,047,800	)		(13,157,900	)
Net deferred tax assets	$	-		$	-

Schedule of Income Taxes Paid/(Refund)

We applied ASU 2023-09 on a prospective basis. Accordingly, the income taxes paid/(refund) by jurisdiction (net of refunds received) below provide the disclosures required by ASU 2023-09 for the year ended December 31, 2025:

	For the year ended December 31, 2025
US Federal	$	-
US State - California		1,600
Foreign		-
Total income taxes paid (net of refunds received)	$	1,600