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Income Taxes (Tables)

9 Months Ended

Sep. 30, 2025

Income Taxes [Abstract]

Schedule of Provision for Income Taxes

The Company’s provision for income taxes consisted of the following:

		Three Months Ended September 30, 2025				Three Months Ended September 30, 2024
Current:
Federal income tax expense		$	8			$	80,571
State income tax expense			9,030				37,206
Deferred:
Federal income tax expense			-				-
State income tax expense			-				-
Total		$	9,038			$	117,777

		Nine Months Ended September 30, 2025				Nine Months Ended September 30, 2024
Current:
Federal income tax expense		$	25,519			$	114,864
State income tax expense			21,409				53,041
Deferred:
Federal income tax benefit			-				-
State income tax benefit			-				-
Total		$	46,928			$	167,905

Schedule of Effective Tax Rate

The following tables reconciled the federal statutory tax rate to the Company’s effective tax rate for the three and nine months ended September 30, 2025 and 2024:

		Three months Ended September 30, 2025				Three months Ended September 30, 2024
Federal statutory income tax rate			21.00	%			21.00	%
State statutory income tax rate, net of effect of state income tax deductible to federal income tax			81.70	%			7.32	%
Change in valuation allowance			-				0.95	%
Permanent difference (non-deductible expenses)			0.81	%			0.04	%
Effective tax rate			103.51	%			29.31	%

The effective tax rate for the three months ended September 30, 2025, was unusually high primarily due to the low level of pre-tax income during the quarter and the resulting volatility inherent in interim period tax calculations.

		Nine months Ended September 30, 2025				Nine months Ended September 30, 2024
Federal statutory income tax rate			21.00	%			21.00	%
State statutory income tax rate, net of effect of state income tax deductible to federal income tax			11.94	%			7.72	%
Change in valuation allowance			-				2.13	%
Permanent difference (non-deductible expenses)			0.19	%			0.06	%
Effective tax rate			33.13	%			30.91	%

Schedule of Net Deferred Tax Assets

As of September 30, 2025 and December 31, 2024, the net deferred tax assets consisted of the following:

		September 30, 2025				December 31, 2024
Deferred tax assets:
Unrealized loss on trading securities		$	-			$	-
Net operating loss (“NOL”) carryforwards			-				7,760
Less: valuation allowance			-				(7,760	)
Deferred tax assets, net		$	-			$	-

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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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
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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
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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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-Topic 740
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-Name Accounting Standards Codification
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