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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
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Jun. 30, 2025
Accounting Policies [Abstract] |
Schedule of Deferred Tax Assets and Liabilities | The following table summarizes our deferred income tax assets and liabilities as of June 30, 2025 (dollars in thousands):
| June 30, 2025 |  | December 31, 2024
Deferred income tax assets, net: |  |  |
Fixed asset depreciation | $ | 250 |  |  | $ | — |
Net operating loss | 435 |  |  | — |
Total Gross deferred income tax assets | 685 |  |  | — |
Less: Valuation allowance | (685) |  |  | — |
Total Deferred income tax assets, net | $ | — |  |  | $ | — |
Schedule of Effective Income Tax Rate Reconciliation | The following table illustrates the difference between the effective tax rate of the foreclosure property’s expense (benefit) for income taxes and the federal statutory rate (dollars in thousands):
|  | Actual |  | Expected Expense (Benefit) at Federal Statutory Rate(1) |  | Items as a Percentage of Pre-Tax Income
Tax Rate Reconciliation: |  |  |  |  |  |
Pre-tax income (loss) |  | $ | (1,579) |  |  | $ | (332) |  |  | 21.0 | %
State tax expense: |  |  |  |  |  |
Current |  | — |  |  | — |  |  | — | %
Deferred |  | — |  |  | (83) |  |  | 5.3 | %
Meals & Entertainment |  | — |  |  | — |  |  | — | %
Change in Valuation allowance |  | — |  |  | 415 |  |  | (26.3) | %
Income tax expense |  |  |  | $ | — |  |  | — | %
Total current federal tax benefit |  |  |  | $ | — |  |  |
Total current state tax benefit |  |  |  | — |  |  |
Total deferred tax benefit |  |  |  | — |  |  |
(1)The current federal statutory rate is 21%.

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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