v3.25.4
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
SCHEDULE OF INCOME BEFORE INCOME TAX

Income (loss) before income tax expense (benefit) consisted of the following:

 

       
   December 31, 
   2025   2024 
   (in thousands) 
         
Income (loss) before income tax expense (benefit)          
U.S. Federal  $21,099   $25,852 
Foreign   (1,848)   (2,230)
Total  $19,251   $23,622 
SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (BENEFIT)

Income tax expense (benefit) consisted of the following:

 

       
   December 31, 
   2025   2024 
   (in thousands) 
         
Income tax expense (benefit)          
Current tax expense (benefit)          
Federal  $4,028   $5,024 
State and local   590    707 
Foreign   -    (29)
Total current tax expense (benefit)   4,618    5,702 
Deferred tax expense (benefit)          
Federal   196    205 
State and local   31    28 
Foreign   (178)   (228)
Total deferred tax expense (benefit)   49    5 
Total income tax expense (benefit)          
Federal   4,224    5,229 
State and local   621    735 
Foreign   (178)   (257)
Total income tax expense (benefit)  $4,667   $5,707 
SCHEDULE OF INCOME TAX EXPENSE AND FEDERAL CORPORATE INCOME TAX RATE

The following table reconciles the Company’s actual income tax expense based on the statutory federal corporate income tax rate:

 

               
   December 31, 
   2025   2024 
   Dollars   Percent   Dollars   Percent 
   (in thousands) 
                 
Income before income taxes  $19,251        $23,622      
                     
U.S. federal statutory rate   4,043    21.0%   4,961    21.0%
Federal                    
State income taxes, net of federal tax benefit (1)   491    2.5%   581    2.5%
Foreign tax effects                    
France                    
Change in valuation allowance   282    1.5%   277    1.2%
Other   (45)   (0.2)%   (44)   (0.2)%
Other foreign jurisdictions   (28)   (0.2)%   (21)   (0.1)%
Nontaxable or Nondeductible Items   (76)   (0.4)%   (47)   (0.2)%
Effective Tax Rate  $4,667    24.2%  $5,707    24.2%

 

(1)State taxes in Pennsylvania and California make up the majority (greater than 50 percent) of the tax effect in this category
SCHEDULE OF INCOME TAX PAID

Income taxes paid, net of refunds, are as follows:

       
   December 31, 
   2025   2024 
   (in thousands) 
         
U.S. Federal  $5,168   $4,774 
           
Pennsylvania   325    293 
Other (1)   390    468 
Total U.S. State and Local   715    761 
           
Foreign   -    - 
           
Total income taxes paid  $5,883   $5,535 
           
Less:income tax refunds   58    - 
           
Total income taxes paid, net of refunds  $5,825   $5,535 

 

(1)Income taxes paid to individual states and local jurisdictions that are not material have been aggregated and presented in the ‘Other’ category. No other individual jurisdiction accounted for 5% or more of total income taxes paid during the period.
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

 

       
   December 31, 
   2025   2024 
   (in thousands) 
Deferred Tax Assets:          
Compensation Assets  $194   $197 
Inventory Valuation   731    682 
Accounts Receivable Valuation   198    202 
Deferred Litigation Costs   -    12 
Capitalized Research Costs   -    423 
Accrued Product Liability   163    165 
Foreign Net Operating Losses   1,344    808 
Other   90    93 
Compensation Liabilities   142    156 
Total Deferred Assets, Before Valuation Allowance  $2,862   $2,738 
Less: Valuation Allowance   762    443 
Total Deferred Assets  $2,100   $2,295 
           
Deferred Tax Liabilities:          
Prepaid Expenses   (452)   (616)
Depreciation and Amortization   (1,475)   (1,495)
Total Deferred Liabilities  $(1,927)  $(2,111)
           
Total Deferred Tax Asset  $173   $184