v3.26.1
TAXES (Tables)
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
SCHEDULE OF INCOME TAX PROVISION

The provision for income tax consists of the following:

 

   2026   2025   2026   2025 
   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Income tax provision – current 

$

252,350   $4,718   $256,630   $8,998 
Income tax (recovery) - deferred   27,868    22,578    (145,273)   (521,497)
Income tax provision 

$

280,218   $27,296   $111,357   $(512,499)
SCHEDULE OF RECONCILIATION OF INCOME TAXES

The following table reconciles the statutory tax rate to the Company’s effective tax:

 

   2026   2025   2026   2025 
   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Net income before income taxes 

$

1,732,580   $104,975   $556,169   $(2,523,527)
Income tax at the federal statutory rate   21.0%   21.0%   21.0%   21.0%
Statutory U.S. federal income tax   363,842    22,045    116,795    (529,941)
State margin tax   -    -    4,280    - 
Other permanent differences, net   (83,624)   5,251    (9,718)   17,442 
Total 

$

280,218   $27,296   $111,357   $(512,499)
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The Company’s deferred tax assets and liabilities consist of the following:

 

   June 30, 2026   December 31, 2025 
Deferred tax assets:          
Allowance for credit loss 

$

119,833   $126,955 
Property and equipment 

$

-   $16,480 
Lease liability – operating 

$

1,338,410   $1,556,666 
Lease liability – financing 

$

3,337   $7,057 
Other temporary difference 

$

3,161,467   $2,938,627 
Total deferred tax assets 

$

4,623,047   $4,645,785 
Deferred tax liabilities: 

       
Right of use assets – operating 

$

(1,331,654)  $(1,551,546)
Right of use assets – financing 

$

(2,944)  $(6,408)
Total deferred tax liabilities 

$

(1,334,598)  $(1,557,954)
Deferred tax assets (liabilities), net 

$

3,288,449   $3,087,831