Subsequent Events	6 Months Ended
Jun. 30, 2025
Subsequent Events
Subsequent Events	NOTE 11. Subsequent Events The Company has evaluated all events or transactions that occurred through the date the Company issued these financial statements. On July 4, 2025, subsequent to the end of the Company’s second fiscal quarter, the one big beautiful bill act (“OBBB”) was enacted into law. The legislation includes a number of significant tax-related provisions, including changes affecting corporate tax incentives, international tax provisions, and various business credits and deductions. Pursuant to ASC 740, Income Taxes, the Company will recognize the effects of the OBBB in the third fiscal quarter of 2025, the period in which the legislation was enacted. The Company is currently evaluating the potential impact of the OBBB on its financial statements, provided that, based on its preliminary assessment, it does not expect the legislation to have a material impact. On July 25, 2025, subsequent to the end of the Company’s second fiscal quarter, the Company provided notice to Patriot National Bancorp, Inc. of its intent to convert the remaining $2.0 million par value in Senior Debt to Common Stock. Subject to market fluctuations, Management anticipates this event to have a positive material impact on third quarter 2025 earnings.

Subsequent Events

6 Months Ended

Jun. 30, 2025

NOTE 11. Subsequent Events

The Company has evaluated all events or transactions that occurred through the date the Company issued these financial statements.

On July 4, 2025, subsequent to the end of the Company’s second fiscal quarter, the one big beautiful bill act (“OBBB”) was enacted into law. The legislation includes a number of significant tax-related provisions, including changes affecting corporate tax incentives, international tax provisions, and various business credits and deductions. Pursuant to ASC 740, Income Taxes, the Company will recognize the effects of the OBBB in the third fiscal quarter of 2025, the period in which the legislation was enacted. The Company is currently evaluating the potential impact of the OBBB on its financial statements, provided that, based on its preliminary assessment, it does not expect the legislation to have a material impact.

On July 25, 2025, subsequent to the end of the Company’s second fiscal quarter, the Company provided notice to Patriot National Bancorp, Inc. of its intent to convert the remaining $2.0 million par value in Senior Debt to Common Stock. Subject to market fluctuations, Management anticipates this event to have a positive material impact on third quarter 2025 earnings.