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INCOME TAXES (Tables)
9 Months Ended
Sep. 30, 2022
INCOME TAXES  
Schedule of reconciliation of the federal statutory corporate tax rate to the Company's effective tax rate

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Nine Months Ended

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Nine Months Ended

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September 30, 2022

    

September 30, 2021

    

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U.S. statutory federal tax rate

 

21.0

%  

21.0

%  

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State tax, net of federal tax

 

0.6

%  

5.8

%  

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Stock options

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8.9

%  

(0.1)

%  

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State tax nexus study

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(89.5)

%  

—

%  

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State rate change

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34.3

%  

—

%  

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Other

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4.9

%  

(1.8)

%  

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PPP loan

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—

%

(0.8)

%  

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Effective tax rate

 

(19.8)

%

24.1

%

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