Income Tax

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Income Tax

NOTE 12 - Income Tax

Effective Tax Rate Reconciliation for the Three Months Ended March 31, 2025
	$		%			$
Pre-tax book Income	$	935,936		21.00	%	$	196,547
Permanent differences		18,862		0.42	%		3,961
Prior year federal Permanent True-up		117,653		2.64	%		24,707
State income tax		42,326		4.38	%		40,984
Other deferred adjustment		-		1.63	%		15,220
Total tax expenses				30.07	%	$	281,419

Effective Tax Rate Reconciliation for the Three Months Ended March 31, 2024
	$		%			$
Pre-tax book income	$	1,502,938		21.25	%	$	319,332
Permanent differences		22,627		0.32	%		4,808
State income tax		85,997		7.59	%		114,055
Other deferred adjustment		-		-0.07	%		(1,071	)
Total tax expense				29.08	%	$	437,124

Tax Expense Summary, for the three months ended March 31, 2025	Current Income Tax Expense		Deferred Income Tax Expense		Total Income Tax Expense
Federal	$	36,127	$	202,966	$	239,093
State		6,393		35,933		42,326
Total tax expense	$	42,520		238,899	$	281,419

Tax Expense Summary, for the three months ended March 31, 2024	Current Income Tax Expense		Deferred Income Tax Expense		Total Income Tax Expense
Federal	$	-	$	304,796	$	304,796
State		85,997		46,331		132,328
Total tax expense	$	85,997	$	351,127	$	437,124

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets at March 31, 2025 and December 31, 2024 were as follows:

	Deferred Tax Assets		Deferred Tax Assets
Deferred Tax Assets Summary	March 31, 2025		December 31, 2024
Federal	$	705,726	$	908,691
State		115,479		151,413
Total	$	821,205	$	1,060,104

	Deferred Tax Assets		Deferred Tax Assets
Deferred Tax Assets Summary	March 31, 2025		December 31, 2024
Operating lease right of use lease assets	$	377	$	787
Inventories allowance		124,931		140,743
Net loss carry forward		695,897		918,574
Total	$	821,205	$	1,060,104

The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. Based on management’s evaluation, there is no provision necessary for material uncertain tax position for the Company at March 31, 2025 and December 31, 2024.