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Income Taxes (Tables)
9 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Provision

The income tax provision consists of the following for the nine months ended December 31, 2024 and 2023:

 

   2024   2023 
   Nine Months Ended 
   December 31 
   2024   2023 
Current income tax expense:          
Federal  $322,708   $- 
State   33,012    79,123 
Total current income tax expense   355,720    79,123 
Deferred income tax (benefit) expense:          
Federal   (94,746)   319,848 
State   (60,940)   - 
Total deferred income tax (benefit) expense   (155,686)   319,848 
Total income tax expense:  $200,034   $398,971 
           
Schedule of Reconciliation of Provision for Income Taxes

The following table summarizes our income tax expense and effective income tax rate for the nine months ended December 31 follows:

 

   2024   2023 
Income tax expense  $200,034   $398,971 
Effective income tax rate (1)   16%   27%

 

  (1) The federal statutory rate was 21% for nine months ended December 31, 2024 and 2023.