v3.25.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
SUMMARY OF INCOME TAX EXPENSE

Income tax expense (benefit) for the years ended December 31, 2024 and 2023 are comprised of the following:

 

   2024   2023 
Current federal income tax  $-   $- 
Current state income tax   -    14 
Deferred income tax (benefit)   -    - 
Income tax expense (benefit)  $-   $14 
SUMMARY OF DEFERRED INCOME TAX ASSETS (LIABILITIES)

Significant components of the Company’s deferred income tax assets (liabilities) are as follows at

 

   2024   2023 
   December 31, 
   2024   2023 
Deferred tax assets (liabilities):          
Employee accruals  $39   $97 
Cash to accrual   -    - 
Accrued workers’ compensation and other   1    3 
State deduction   -    - 
Sec. 163(j) interest limitation   -    - 
Federal and State net operating loss carry forwards   605    401 
Other   1    1 
Deferred tax liabilities:          
Intangibles   12    13 
Fixed assets   (5)   (5)
Deferred income taxes, net   653    510 
Valuation allowance   (653)   (510)
Deferred tax assets (liabilities)  $-   $- 
SCHEDULE OF INCOME TAX PROVISION, RECONCILED TO TAX COMPUTED AT STATUTORY FEDERAL RATE

 

   December 31, 
   2024   2023 
Tax expense at federal statutory rate  $(125)   21.0%  $(147)   21.0%
State income taxes, net   (27)   4.6%   (33)   4.8%
Permanent Differences   1    -0.1%   2    -0.2%
                     
Effect of deferred rate change   6    -1.1%   15    -2.2%
Historical Adjustments   2    -0.3%   28    -4.0%
Valuation allowance   143    -24.1%   135    -19.4%
Other, net   -    0.0%   14    2.0%
Income tax expense  $-    0.0%  $14    2.0%