Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provisions

The provision for income taxes for the years ended December 31, 2025 and 2024, respectively, consisted of:

	Year Ended December 31,
	2025		2024
	(in thousands)
Current
Federal	$	6,169	$	11,594
State	1,934		2,048
	8,103		13,642
Deferred
Federal	2,117		(3,428)
State	138		(343)
	2,255		(3,771)
Provision for income taxes	$	10,358	$	9,871

Schedule of Deferred Tax Assets and Liabilities

The Company’s deferred tax assets (liabilities), calculated using effective tax rates is as follows:

	December 31, 2025		December 31, 2024
	(in thousands)
Deferred tax assets:
State taxes	$	386	$	402
Reserves	782		666
Accruals and deferred expenses	179		1,592
Inventory	1,452		1,137
Government grant	328		328
Stock-based compensation	479		537
Capitalized research and development costs	165		1,852
Operating lease liabilities	14,903		14,118
Total deferred tax assets	18,674		20,632
Deferred tax liabilities:
Fixed assets – depreciation	(8,069)		(8,504)
Investment in Global Wells Investment Group	(77)		(176)
Operating ROU asset	(13,209)		(12,378)
Total deferred tax liabilities	(21,355)		(21,058)
Net deferred tax liability	$	(2,681)	$	(426)

Schedule of Reconciliation of Income Taxes

Reconciliation of income taxes are as follows from statutory rate of 21% to the effective tax rate for the year ended December 31, 2025 and 2024, respectively:

	December 31, 2025		December 31, 2024
	(in thousands)
Income tax computed at the federal statutory rate	$	9,034	$	8,546
State taxes, net of federal tax benefits	1,552		1,459
Noncontrolling interest - Income not subject to tax	(252)		(241)
Permanent items	14		22
Excess tax liability (benefit) from stock-based compensation	7		19
Research and development credit	(71)		(76)
Others	74		142
Provision for income taxes	$	10,358	$	9,871