v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Expense (Benefit) for Income Taxes
The expense (benefit) for income taxes consists of:
Years Ended December 31,
202520242023
Current$1,907 $(3,607)$1,456 
Deferred760 — — 
$2,667 $(3,607)$1,456 
Schedule of Effective Income Tax Rate Reconciliation
The reconciliation between our effective tax rate on income from operations and the statutory rate is as follows:
Years Ended December 31,
202520242023
Income tax expense (benefit) at federal statutory rate$4,424 $(3,598)$1,293 
State and local income taxes net of federal tax expense1,053 147 163 
Temporary tax differences
Generation (use) of net operating loss carryforwards(4,765)— — 
Other basis/timing differences496 — — 
Change in valuation allowance1,459 (156)— 
Reported tax expense (benefit)$2,667 $(3,607)$1,456 
Effective tax rate12.7 %23.6 %24.9 %
Schedule of Components of the Net Deferred Tax Asset or Liability
Components of the net deferred tax asset:
December 31,
20252024
Basis difference in fixed assets$171 $2,333 
Deferred gain and net operating loss carryforward806 3,372 
$977 $5,705