INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2024

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, 2024		June 30, 2023
U.S. statutory federal tax rate	21.0	%	21.0	%
State tax, net of federal tax	(0.1)	%	0.1	%
Change in valuation allowance	(178.0)	%	—	%
Stock options	—	%	0.4	%
Section 162(m); Limit on Compensation	(0.2)	%	—	%
Out of period adjustment	—	%	(0.8)	%
Other	(0.1)	%	—	%
Return-to-provision and other	(0.2)	%	(1.1)	%
Effective tax rate	(157.6)	%	19.6	%