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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

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)

		2024				2023
		December 31,
		2024				2023
		(in thousands)
Federal Income Tax:
Current		$	5,024			$	5,279
Deferred			205				745
State Income Tax:
Current			707				821
Deferred			28				113
Foreign Income Tax:
Current			(29	)			(3	)
Deferred			(228	)			(130	)
Income Tax Expense		$	5,707			$	6,825

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

		2024				2023
		December 31,
		2024				2023
		(in thousands)
Computed Statutory Income Tax Expense		$	4,961			$	5,785
State Income Tax, Net of Federal Tax Benefit			581				738
Foreign Tax Rate Differential			(89	)			(37	)
Valuation Allowance			277				81
Executive Compensation Limitation			-				258
Foreign Derived Intangible Income Deduction			(61	)			(93	)
Research Credit			-				-
Other - Net			38				93
Income Tax Expense		$	5,707			$	6,825

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES 

		2024				2023
		December 31,
		2024				2023
		(in thousands)
Deferred Tax Assets:
Compensation Assets		$	197			$	191
Inventory Valuation			682				656
Accounts Receivable Valuation			202				200
Deferred Litigation Costs			12				11
Capitalized Research Costs			423				485
Accrued Product Liability			165				217
Foreign Net Operating Losses			808				312
Other			93				24
Compensation Liabilities			156				196
Total Deferred Assets, Before Valuation Allowance		$	2,738			$	2,292
Less: Valuation Allowance			443				176
Total Deferred Assets		$	2,295			$	2,116
Deferred Tax Liabilities:
Prepaid Expenses			(616	)			(612	)
Depreciation and Amortization			(1,495	)			(1,315	)
Total Deferred Liabilities		$	(2,111	)		$	(1,927	)
Total Deferred Tax Asset		$	184			$	189

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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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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

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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

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