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Income Taxes
 6 Months Ended
Jun. 30, 2024
Income Taxes [Abstract]  
Income Taxes

13.       Income Taxes

 

Due to the Battle Creek demutualization, the Company established a net valuation allowance of $346 against their net operating loss carryforwards deferred income tax asset.

 

At June 30, 2024, and December 31, 2023, we had no unrecognized income tax benefits, no accrued interest and penalties, and no significant uncertain income tax positions. No interest and penalties were recognized during the six-month period ended June 30, 2024, or the year ended December 31, 2023.

 

Federal income taxes for the six months ended June 30, 2024, were allocated to continuing and discontinued operations at a 21.1% effective tax rate, with continuing operations ending with a 42.0% effective tax rate due to the sale of Westminster and the establishment of the valuation allowance for Battle Creek described above.