v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Taxes  
Schedule of components of income tax expense (benefit)

 

 

2025

 

 

2024

 

Current federal income tax expense

 

$

 

 

$

 

Current state income tax expense

 

 

 

 

 

 

Deferred federal income tax expense (benefit)

 

 

356,656

 

 

 

(132,479)

Deferred state income tax expense (benefit)

 

 

60,816

 

 

 

(24,879)

Total income tax expense (benefit)

 

$417,472

 

 

$(157,358)
Schedule of company's effective income tax rate

 

 

2025

 

 

2024

 

Federal statutory tax rate

 

 

21.0%

 

 

21.0%

State income taxes, net of federal benefit

 

 

2.4%

 

 

2.4%

Permanent differences

 

 

1.6%

 

 

(0.7)%

Effective tax rate

 

 

25.0%

 

 

22.7%
Schedule of deferred tax assets consist primarily

 

 

2025

 

 

2024

 

Federal and state net operating loss carryforwards

 

$3,114,727

 

 

$3,532,199

 

Total deferred tax assets

 

 

3,114,727

 

 

 

3,532,199

 

Valuation allowance

 

 

 

 

 

 

Net deferred tax asset

 

$3,114,727

 

 

$3,532,199