v3.25.2
INCOME TAX (Tables)
6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income Taxes
The income tax provision for the Company and TRS1 consisted of the following for the three and six months ended June 30, 2025 and 2024:
Three months ended
June 30,
Six months ended
June 30,
2025202420252024
Current:
Federal$(27,302)$183,000 $72,698 $288,300 
State(42,950)102,975 22,031 156,035 
Total current income tax (benefit) expense(70,252)285,975 94,729 444,335 
Total deferred income tax expense (benefit)43,873 — (8,702)— 
Excise tax(111,665)— (111,665)— 
Total income tax (benefit) expense, including excise tax$(138,044)$285,975 $(25,638)$444,335