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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

INCOME TAXES

Schedule of components of income tax expense (benefit)

		December 31,
		2023				2022
Federal:
Current		$	467			$	(63	)
Deferred			(275	)			212
			192				149
State:
Current			495				78
Deferred			(159	)			(82	)
			336				(4	)
Income tax expense		$	528			$	145

Schedule of effective income tax rate reconciliation

		December 31,
		2023								2022
Income taxes at statutory rate		$	278				21.0	%		$	199				21.0	%
Increase (decrease) in taxes resulting from:
State income taxes, net of federal benefit			32				2.4	%			(22	)			(2.3	)%
Stock compensation			(2	)			(0.1	)%			(11	)			(1.2	)%
Provision-to-return			240				18.2	%			(2	)			(0.2	)%
Other			(20	)			(1.5	)%			(19	)			(1.9	)%
Income tax expense		$	528				40.0	%		$	145				15.4	%

Schedule of deferred tax assets (liabilities)

		December 31,
		2023				2022
Deferred tax assets:
Net operating loss carryforwards		$	213			$	319
Allowance for credit losses and doubtful accounts			195				180
Accrued vacation			70				59
Deferred revenue			1,509				768
Equity Compensation			135
Right-of-use asset			11				28
Other			151				118
Gross deferred tax assets			2,284				1,472
Deferred tax liabilities:
Retainage			(299	)			(240	)
Fixed assets			(3,422	)			(3,195	)
Prepaid expenses			(188	)			(76	)
Amortization - intangibles			(15	)			(14	)
Realized gain loss			—				(4	)
Lease liability			(11	)			(28	)
Gross deferred tax liabilities			(3,935	)			(3,557	)
Net deferred tax liability		$	(1,651	)		$	(2,085	)

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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.

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-Topic 740
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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.

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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.

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