INCOME TAXES |
3 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | NOTE 16. INCOME TAXES
The determination of income tax expense in the accompanying unaudited condensed consolidated statements of income is based on the effective tax rate for the year, adjusted for the impact of any discrete items which are accounted for in the period in which they occur. The Company’s income tax expense was $1,805,977 and $5,320,501 for the three months ended June 30, 2026 and 2025, respectively.
The Company recorded tax expense of approximately 23.4 % and (943.0)% of income before income tax expense, for the three months ended June 30, 2026 and 2025, respectively. The Company’s effective tax rate is subject to volatility as changes in the fair value adjustments in the Company’s derivative liabilities significantly impact pre-tax earnings.
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