v3.26.1
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2026
Income Taxes [Abstract]  
Schedule of Income Tax Expense The effective tax rate exceeded the U.S. federal statutory rate of 21.0% primarily due to state income taxes and permanent differences arising from non-deductible penalties and interest on unpaid income taxes.
   Three Months Ended
June 30,
   Six Months Ended
June 30,
 
   2026   2025   2026   2025 
Current federal income tax (benefit) expense  $(395,404)  $
-
   $143,386   $
-
 
Current state income tax (benefit) expense   (81,803)   
-
    29,667    
-
 
Deferred income tax expense   (380,586)   
-
    (380,586)   
-
 
Provision for income taxes  $(96,621)  $
-
   $553,639   $
-
 
Schedule of Provision for Income Taxes, Statutory Federal Income Tax Rate, Effective Tax Rate

The following table reconciles the U.S. federal statutory income tax rate to the Company’s effective income tax rate for the six months ended June 30, 2026 and 2025: 

 

   Six Months Ended
June 30,
 
   2026   2025 
Tax (credit) at statutory federal income tax rate   21.00%   (21.00)%
State income taxes, net of federal benefit   4.35%   
-
%
Permanent differences and interim allocation   0.51%   
 
 
Valuation allowance   
-
%   21.00%
Effective tax rate   25.86%   0.00%