Income Taxes (Details) - Schedule of a reconciliation of the company's income tax at statutory tax rate and income tax at effective tax rate - USD ($) |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2022 |
Sep. 30, 2021 |
Sep. 30, 2022 |
Sep. 30, 2021 |
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Schedule of a reconciliation of the company's income tax at statutory tax rate and income tax at effective tax rate [Abstract] | ||||
Tax expense (benefit) at statutory rate | $ (1,089,179) | $ 991,321 | $ (2,495,186) | $ (432,753) |
Net operating loss carryforwards (NOLs) | ||||
Foreign investment losses (gains) | (445,209) | (1,329,427) | (818,077) | (886,390) |
Stock-based compensation expense | 12,500 | 33,900 | 214,000 | 424,400 |
Amortization expense | 24,600 | 21,740 | 68,200 | 67,795 |
Accrued payroll | (83,400) | 15,300 | 72,000 | 155,700 |
Unrealized exchange losses (gains) | 252,712 | (4,537) | 557,470 | 196,359 |
Others | (542,700) | 9,288 | (1,040,000) | 42,857 |
Valuation allowance | 1,870,676 | 262,403 | 3,443,193 | 435,289 |
Tax expense (benefit) at effective tax rate | $ (12) | $ 1,600 | $ 3,257 |
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- Definition Accrued payroll. No definition available.
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- Definition The value of deferred costs gross other. No definition available.
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- References No definition available.
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- Definition Stock-based compensation expense No definition available.
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- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible foreign operating loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to increase (decrease) in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to foreign income tax expense (benefit). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to tax exempt income, equity in earnings (loss) of an unconsolidated subsidiary, minority noncontrolling interest income (loss), tax holiday, disposition of a business, disposition of an asset, repatriation of foreign earnings, repatriation of foreign earnings jobs creation act of 2004, increase (decrease) in enacted tax rate, prior year income taxes, increase (decrease) in deferred tax asset valuation allowance, and other adjustments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to state and local income tax expense (benefit). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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