Income Tax (Tables)

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Effective Tax Rate Reconciliation

Effective Tax Rate Reconciliation, for the six months ended June 30, 2024
		%			$
Pretax book income	2,432,850		21.00	%		510,898
Permanent differences	42,336		0.37	%		8,891
State income tax	146,590		8.15	%		198,186
Other deferred adjustment	-		0.00	%		(89	)
Total tax expense			29.51	%		717,886

Effective Tax Rate Reconciliation, for the six months ended June 30, 2023
			%			$
Pretax book loss	(2,550,550	)		21.93	%		(559,248	)
Permanent differences	81,179			-0.70	%		17,800
Other deferred adjustment	-			0.18	%		(4,490	)
Total tax benefits				21.40	%		(545,938	)

Schedule of Tax Expense Summary

	Current		Deferred		Total
Tax Expense Summary, for the six months ended June 30, 2024	Income Tax Expense		Income Tax Expense		Income Tax Expense
Federal	$	-	$	488,916	$	488,916
State		146,590		82,380		228,970
Total tax expense	$	146,590	$	571,296	$	717,886

	Current		Deferred			Total
Tax Expense Summary, for the six months ended June 30, 2023	Income Tax Benefit		Income Tax Expense			Income Tax Benefit
Federal	$	-	$	(464,349	)	$	(464,349	)
State		-		(81,589	)		(81,589	)
Total tax benefit	$	-	$	(545,938	)	$	(545,938	)

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets at June 30, 2024 and December 31, 2023 were as follows:

	Deferred Tax		Deferred Tax
	Assets		Assets
Deferred Tax Assets Summary	June 30, 2024		December 31, 2023
Federal	$	612,920	$	1,101,836
State		119,999		202,379
Total	$	732,919	$	1,304,215

	Deferred Tax		Deferred Tax
	Assets		Assets
Deferred Tax Assets Summary	June 30, 2024		December 31, 2023
Operating lease right of use lease assets	$	1,635	$	172
Inventories allowance		162,064		169,725
Net loss carry forward		569,220		1,134,318
Total	$	732,919	$	1,304,215