INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

INCOME TAXES

Schedule of components of income tax expense (benefit)

	December 31,
	2024			2023
Federal:
Current	$	2,660		$	467
Deferred		(1,016	)		(275	)
		1,644			192
State:
Current		640			495
Deferred		(141	)		(159	)
		499			336
Income tax expense	$	2,143		$	528

Schedule of effective income tax rate reconciliation

	December 31,
	2024					2023
Income taxes at statutory rate	$	2,074		21.0	%	$	278		21.0	%
Increase (decrease) in taxes resulting from:
State income taxes, net of federal benefit		359		3.6	%		32		2.4	%
Stock compensation		(175	)	(1.8	)%		(2	)	(0.1	)%
Provision-to-return		(101	)	(1.0	)%		240		18.2	%
Other		(14	)	(0.1	)%		(20	)	(1.5	)%
Income tax expense	$	2,143		21.7	%	$	528		40.0	%

Schedule of deferred tax assets (liabilities)

	December 31,
	2024			2023
Deferred tax assets:
Net operating loss carryforwards	$	224		$	213
Allowance for credit losses and doubtful accounts		278			195
Accrued vacation		72			70
Deferred revenue		2,588			1,509
Equity Compensation		6			135
163(j) interest expense limitation		16			—
Lease liability		27			11
Other		209			151
Gross deferred tax assets		3,420			2,284
Deferred tax liabilities:
Retainage		(389	)		(299	)
Fixed assets		(3,371	)		(3,422	)
Prepaid expenses		(112	)		(188	)
Amortization - intangibles		(15	)		(15	)
Right-of-use asset		(27	)		(11	)
Gross deferred tax liabilities		(3,914	)		(3,935	)
Net deferred tax liability	$	(494	)	$	(1,651	)