INCOME TAX |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| INCOME TAX | |
| INCOME TAX | NOTE 8 – INCOME TAX The Company recorded tax expense of $21,734 for the three months ended March 31, 2026, compared to $8,340 for the three months ended March 31, 2025. The effective tax rate for the three months ended March 31, 2026 and 2025 was (0.001)% and 0.005%, respectively. The Company’s effective tax rate for interim periods is based on the estimated annual effective tax rate, adjusted for discrete items occurring within the quarter. The Company continues to assess its valuation allowance position on deferred tax assets and determined that no material changes were necessary as of March 31, 2026. As of March 31, 2026 and 2025, the Company has no gross unrecognized tax benefits that would affect the effective tax rate. The Company does not anticipate significant changes in unrecognized tax benefits within the next 12 months. the Company has gross unrecognized tax benefits of $0, of which $0 would affect the effective tax rate if recognized. The Company remains subject to examination in various jurisdictions. As of March 31, 2026, open tax years include federal 2022–2025 and California 2021–2025. |