SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) |
6 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||
| Net Operating Loss Carryforward, beginning | $ 3,549,884 | $ 3,616,513 |
| Taxable Income, January 1 to June 30 | 241,435 | 75,978 |
| Net Operating Loss Carryforward, ending | 3,308,449 | 3,540,535 |
| Federal Deferred Tax Asset, January 1, beginning | 745,476 | 759,468 |
| Federal Tax Expense as of June 30 (21% Tax Rate) | 50,701 | 15,955 |
| Federal Deferred Tax Asset, June 30, ending | 694,775 | 743,512 |
| State of New Jersey Deferred Tax Asset, January 1, beginning | 318,681 | 324,678 |
| State of New Jersey Tax Expense as of June 30 (9% Tax Rate) | 21,729 | 6,838 |
| State of New Jersey Deferred Tax Asset, June 30, ending | 296,952 | 317,840 |
| Total Deferred Tax Asset, June 30 | 991,727 | 1,061,352 |
| Total Tax Expense | 72,430 | 22,793 |
| Provision for Income Taxes | (72,430) | (43,324) |
| Benefit from Deferred Tax Asset | 68,085 | 41,968 |
| Net Provision for Income Taxes -State of New Jersey | $ 4,345 | $ 1,356 |
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- Definition Amount of current federal tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, current national tax expense (benefit) for non-US (United States of America) jurisdiction. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred federal tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, deferred national tax expense (benefit) for non-US (United States of America) jurisdiction. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred state and local tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, deferred regional, territorial, and provincial tax expense (benefit) for non-US (United States of America) jurisdiction. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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 after tax of (gain) loss recognized for the (reversal of write-down) write-down to fair value, less cost to sell, of a discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of other income tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before income tax expense (benefit), of result of operation in oil- and gas-producing activities. Excludes corporate overhead and interest costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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