v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Taxes [Abstract]  
Schedule of Provisions for Income Tax

Provisions for income tax are as follows:

 

   December 31,
2025
   December 31,
2024
   December 31,
2023
 
   US$   US$   US$ 
Provisions for current income tax   1,615,382    3,431,459    3,828,207 
Deferred income tax benefit   1,008,348    (642,635)   (370,474)
Total   2,623,730    2,788,824    3,457,733 
* According to PRC tax regulations, an additional of 100% of current year R&D expenses may be deducted from tax income.
Schedule of Total Income Tax Expense

The following is a reconciliation of the Company’s total income tax expense to the income before income taxes for the years ended December 31, 2025, 2024 and 2023, respectively:

 

   2025   2024   2023 
   US$   US$   US$ 
Income before income tax provision   9,405,556    13,626,131    15,048,773 
Tax at the PRC EIT tax rates   2,351,387    3,406,532    3,762,193 
International tax rate difference   83,774    
-
    
-
 
Effect of preferential tax   (455,040)   (574,656)   (554,322)
Tax effect of R&D expenses additional deduction*   (466,818)   (864,025)   (688,329)
Tax effect of non-deductible expenses   207,704    485,798    451,154 
Change in valuation allowance   902,723    335,175    487,037 
Income tax expense   2,623,730    2,788,824    3,457,733 

 

* According to PRC tax regulations, an additional of 100% of current year R&D expenses may be deducted from tax income.