RESTRICTED NET ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

SCHEDULE OF INCOME TAX EXPENSE

The income tax expense consisted of the following components:

	For the years ended December 31,
	2022		2023
Current income tax expense	$	-	$	-
Deferred income tax benefit		-		-
Total income tax expense	$	-	$	-

SCHEDULE OF LOSS BEFORE INCOME TAX

Loss before provision for income taxes is attributable to the following geographic locations for the years ended December 31, 2022 and 2023:

	For the years ended December 31,
	2022			2023
Taiwan	$	(859,741	)	$	(1,080,900	)
PRC		(357,345	)		(915,691	)
Others		-			(71,470	)
Total loss before income taxes	$	(1,217,086	)	$	(2,068,061	)

SCHEDULE OF RECONCILIATION OF PROVISION FOR INCOME TAXES

A reconciliation between the Company’s actual provision for income taxes and the provision at the Taiwan statutory rate is as follows:

	For the years ended December 31,
	2022			2023
Loss before income tax expense	$	(1,217,086	)	$	(2,068,061	)
Taiwan statutory tax rate		20	%		20	%
Computed income tax expense with Taiwan statutory tax rate	$	(243,417	)	$	(413,612	)
Tax effect of different tax rates in other jurisdictions		(18,404	)		(29,619	)
Tax effect of additional deduction for R&D expenses		(47,431	)		(70,546	)
Non-deductible expenses		674			110,872
Exchange rate effect		(2,265	)		(17,054	)
Prior year true up		-			56,362
Tax effect on deferred tax allowance		310,843			363,597
Income tax expense	$	-		$	-

SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS

As of December 31, 2022 and 2023, the significant components of the deferred tax assets are summarized below:

	As of December 31,
	2022			2023
Deferred tax assets:
Net operating loss carried forward	$	2,605,009		$	2,826,537
Impairment loss		353,769			305,219
Impact of foreign exchange		4,813			6,425
Lease Liability		24,036			46,998
Total deferred tax assets		2,987,628			3,185,179
Valuation allowance		(2,963,591	)		(3,140,578	)
Deferred tax assets, net of valuation allowance		24,037			44,601
Deferred tax liabilities:
Right of use asset		(24,037	)		(44,601	)
Total deferred tax liabilities		(24,037	)		(44,601	)
Total deferred tax assets, net	$	-		$	-

SCHEDULE OF MOVEMENT OF VALUATION ALLOWANCE PROVISION FOR DEFERRED TAX ASSETS

The movement of valuation allowance provision for deferred tax assets is as follows:

Balance as of December 31, 2021	$	3,093,005
Current year addition		311,190
Expire of NOL		(152,259	)
Exchange rate effect		(288,345	)
Balance as of December 31, 2022	$	2,963,591
Current year addition		363,597
Expire of NOL		(168,776	)
Exchange rate effect		(17,834	)
Balance as of December 31, 2023	$	3,140,578

SCHEDULE OF OPERATING LOSS CARRYFORWARDS

For the fiscal years ended December 31,	Amount
2024	$	705,913
2025		1,173,827
2026		1,219,816
2027		1,245,291
2028		1,214,150
2029		1,891,241
2030		1,260,130
2031		1,646,751
2032		1,159,484
2033		1,626,346
Total	$	13,142,949