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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (BENEFIT) | Income tax expense consisted of the following: SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (BENEFIT)
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | (in thousands) |
Federal Income Tax: |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 7,453 |  |  | $ | 7,197 |  |  | $ | 5,617 |
Deferred |  |  | (1,156 | ) |  |  | 264 |  |  |  | (175 | )
State Income Tax: |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 1,126 |  |  |  | 1,062 |  |  |  | 923 |
Deferred |  |  | (173 | ) |  |  | 43 |  |  |  | (30 | )
Foreign Income Tax: |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 84 |  |  |  | 298 |  |  |  | 266 |
Deferred |  |  | (7 | ) |  |  | (2 | ) |  |  | (7 | )
Income Tax Expense |  | $ | 7,327 |  |  | $ | 8,862 |  |  | $ | 6,594 |
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION | Total income tax expense differed from statutory income tax expense, computed by applying the U.S. federal income tax rate of 21% to earnings before income tax, as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | (in thousands) |
Computed Statutory Income Tax Expense |  | $ | 6,505 |  |  | $ | 7,362 |  |  | $ | 5,566 |
State Income Tax, Net of Federal Tax Benefit |  |  | 753 |  |  |  | 902 |  |  |  | 759 |
Foreign Tax Rate Differential |  |  | (9 | ) |  |  | (29 | ) |  |  | (27 | )
Executive Compensation Limitation |  |  | 296 |  |  |  | 773 |  |  |  | 503 |
Foreign Derived Intangible Income Deduction |  |  | (98) |  |  |  | (107) |  |  |  | (75) |
Research Credit |  |  | (171) |  |  |  | (59) |  |  |  | (62) |
Other - Net |  |  | 51 |  |  |  | 20 |  |  |  | (70 | )
Income Tax Expense |  | $ | 7,327 |  |  | $ | 8,862 |  |  | $ | 6,594 |
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES | SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES
|  | 2022 |  |  | 2021 |
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Deferred Tax Assets: |  |  |  |  |  |  |  |
Compensation Assets |  | $ | 201 |  |  | $ | 130 |
Inventory Valuation |  |  | 529 |  |  |  | 334 |
Accounts Receivable Valuation |  |  | 259 |  |  |  | 329 |
Deferred Litigation Costs |  |  | 12 |  |  |  | 12 |
Capitalized Research Costs |  |  | 590 |  |  |  | - |
Accrued Product Liability |  |  | 900 |  |  |  | 61 |
Foreign Net Operating Losses |  |  | 78 |  |  |  | 76 |
Valuation Allowance for Loss Carryover |  |  | (78 | ) |  |  | (76 | )
Other |  |  | 17 |  |  |  | 37 |
Compensation Liabilities |  |  | 360 |  |  |  | 673 |
Total Deferred Assets |  | $ | 2,868 |  |  | $ | 1,576 |
Deferred Tax Liabilities: |  |  |  |  |  |  |  |
Prepaid Expenses |  |  | (592 | ) |  |  | (544 | )
Depreciation and Amortization |  |  | (1,359 | ) |  |  | (1,452 | )
Total Deferred Liabilities |  | $ | (1,951 | ) |  | $ | (1,996 | )
Total Deferred Tax Asset (Liability) |  | $ | 917 |  |  | $ | (420 | )

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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