INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Tax Rate Reconciliation

Income tax (benefit) expense calculated at the statutory federal income tax rate of 21% for the first quarter of 2024 and 2023, differs from actual income tax (benefit) expense as follows:

	Three months ended
	March 31,
	2024			2023
(in thousands)
Income tax at statutory federal tax rate	$	(744	)	$	126
State income taxes, net of federal tax benefit		(140	)		26
Non-taxable preliminary bargain purchase gain on the Merger		(1,281	)		—
Non-deductible merger costs, including success based-fees		174			—
Other income tax items, net		(12	)		6
Totals	$	(2,003	)	$	158