v3.26.1
INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 2026
INCOME TAXES  
Schedule of loss before Income tax expense

​

​

​

​

​

​

​

​

​

  ​ ​ ​

​

For the Six Months Ended

​

​

​

June 30, 

​

​

2026

  ​ ​ ​

2025

Loss from continuing operations before income taxes

​

$

(539,610)

​

$

(1,248,095)

Schedule of components of income tax provision

​

​

​

​

​

​

​

​

​

  ​ ​ ​

For the Six Months Ended

​

​

June 30, 

​

​

2026

​

2025

Current:

 

​

​

​

​

​

Federal

​

$

—

​

$

—

State

​

​

5,610

​

​

5,200

Total current income tax provision

​

​

5,610

​

​

5,200

Deferred:

​

​

​

​

​

​

Federal

​

​

—

​

​

—

State

​

​

—

​

​

—

Total deferred income tax expenses

​

​

—

​

​

—

Adjustments related to prior year income taxes

​

​

—

​

​

13,142

Total income tax provision

​

$

5,610

​

$

18,342

Schedule of reconciliations of statutory income tax rate to effective income tax rate

​

​

​

​

​

​

​

​

​

​

​

For the Six Months Ended

 

​

​

June 30, 

​

​

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

Federal income tax at the statutory rate

​

​

21.0

%

​

21.0

%

State statutory tax rate

 

​

34.3

%

​

4.3

%

Permanent Items

 

​

17.8

%

​

(0.4)

%

Change in valuation allowance

 

​

(75.0)

%

​

(25.3)

%

Other

​

​

0.9

%

​

—

%

Effective tax rate

​

​

(1.0)

%

​

(0.4)

%

Schedule of components of deferred tax assets

​

​

​

​

​

​

​

​

​

  ​ ​ ​

June 30, 

  ​ ​ ​

December 31, 

​

​

2026

​

2025

Deferred tax assets:

 

​

​

​

​

​

Net operating loss carry forwards

​

$

—

​

$

1,552,937

Tax attribute carryovers

​

​

2,247,292

​

​

—

Lease liability

​

​

153,126

​

​

329,930

Others

​

​

468,057

​

​

458,966

Total gross deferred tax assets

​

​

2,868,475

​

​

2,341,833

​

​

​

​

​

​

​

Less valuation allowance

​

​

(2,262,986)

​

​

(1,793,889)

Total deferred tax assets, net of valuation allowance

​

​

605,489

​

​

547,944

​

​

​

​

​

​

​

Deferred tax liabilities:

​

​

​

​

​

​

Intangible assets

​

​

(141,317)

​

​

(221,790)

Unrealized gains on foreign exchange

​

​

(271,461)

​

​

—

Fixed assets

​

​

(44,138)

​

​

—

Right of use assets

​

​

(148,573)

​

​

(326,154)

Total deferred tax liabilities

​

​

(605,489)

​

​

(547,944)

​

​

​

​

​

​

​

Total deferred tax assets, net

​

$

—

​

$

—