A reconciliation of the income tax expense, net determined at the Philippines statutory income tax rate to the Company’s actual income tax expense is as follows:

	Years Ended December 31,
	2025						2024						2023
	Amount			Percentage			Amount			Percentage			Amount			Percentage
Income before income tax expense	$	12,145,994					$	8,418,346					$	7,330,292
Statutory income tax rate		22	%					23	%					24	%
Income tax expense at statutory rate		2,672,119			22.0	%		1,936,220			23.0	%		1,759,269			24.0	%
Decreases due to:
Tax rate change (1)		-			-			21			0.0	%		43			0.0	%
Impact of varying tax rates – Cayman Islands (2)		204,242			1.7	%
Impact of varying tax rates – Other foreign jurisdictions (2)		1,368			-	%		5,333			0.1	%		3,806			0.1	%
Release of prior-year tax liabilities due to lapse of statute of limitations		(2,543,349	)		(20.9	)%		-			-			-			-
Income tax expenses	$	334,380			2.8	%	$	1,941,574			23.1	%	$	1,763,118			24.1	%

(1)

Represents the impact of the gradual reduction of the Philippine corporate income tax rate under the CREATE Law on the measurement of deferred tax balances.

(2)

Represents the impact of varying tax jurisdictions, primarily the rate differentials between the Philippines statutory rate and the income generated by the subsidiaries in Hong Kong (subject to 8.25%/16.5%) and the Cayman Islands (subject to 0%).

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are as follows:

	December 31, 2025			December 31, 2024
Deferred tax assets:	$			$
Net operating loss carryforwards		105,249			3,658
Lease liabilities		781,797			157,014
Total deferred tax assets		887,046			160,672
Less: valuation allowance
Deferred tax assets, net		887,046			160,672

Deferred tax liabilities:
ROU assets		(777,220	)		(62,806	)
Total deferred tax liabilities		(777,220	)		(62,806	)

Total, net	$	109,826		$	97,866