INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2023

INCOME TAXES

Schedule of reconciliation of the federal statutory corporate tax rate to the Company's effective tax rate

A reconciliation of the federal statutory corporate tax rate to the Company’s effective tax rate is as follows:

	Six Months Ended		Six Months Ended
	June 30, 2023		June 30, 2022
U.S. statutory federal tax rate	21.0	%	21.0	%
State tax, net of federal tax	0.1	%	3.2	%
Stock options	0.4	%	8.6	%
Rate Change	—	%	13.1	%
Out of period adjustment	(0.8)	%	(0.2)	%
Return-to-provision and other	(1.1)	%	5.8	%
Effective tax rate	19.6	%	51.5	%