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Income Tax | 3 Months Ended
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Mar. 31, 2025
Income Tax Disclosure [Abstract] |
Income Tax | NOTE 12 - Income Tax Schedule of Effective Tax Rate Reconciliation
Effective Tax Rate Reconciliation for the Three Months Ended March 31, 2025
|  | $ |  |  | % |  |  | $ |
Pre-tax book Income |  | $ | 935,936 |  |  |  | 21.00 | % |  | $ | 196,547 |
Permanent differences |  |  | 18,862 |  |  |  | 0.42 | % |  |  | 3,961 |
Prior year federal Permanent True-up |  |  | 117,653 |  |  |  | 2.64 | % |  |  | 24,707 |
State income tax |  |  | 42,326 |  |  |  | 4.38 | % |  |  | 40,984 |
Other deferred adjustment |  |  | - |  |  |  | 1.63 | % |  |  | 15,220 |
Total tax expenses |  |  |  |  |  |  | 30.07 | % |  | $ | 281,419 |
Effective Tax Rate Reconciliation for the Three Months Ended March 31, 2024
|  | $ |  |  | % |  |  | $ |
Pre-tax book income |  | $ | 1,502,938 |  |  |  | 21.25 | % |  | $ | 319,332 |
Permanent differences |  |  | 22,627 |  |  |  | 0.32 | % |  |  | 4,808 |
State income tax |  |  | 85,997 |  |  |  | 7.59 | % |  |  | 114,055 |
Other deferred adjustment |  |  | - |  |  |  | -0.07 | % |  |  | (1,071 | )
Total tax expense |  |  |  |  |  |  | 29.08 | % |  | $ | 437,124 |
Schedule of Tax Expense Summary
Tax Expense Summary, for the three months ended March 31, 2025 |  | Current Income Tax Expense |  |  | Deferred Income Tax Expense |  |  | Total Income Tax Expense |
Federal |  | $ | 36,127 |  |  | $ | 202,966 |  |  | $ | 239,093 |
State |  |  | 6,393 |  |  |  | 35,933 |  |  |  | 42,326 |
Total tax expense |  | $ | 42,520 |  |  |  | 238,899 |  |  | $ | 281,419 |
Tax Expense Summary, for the three months ended March 31, 2024 |  | Current Income Tax Expense |  |  | Deferred Income Tax Expense |  |  | Total Income Tax Expense |
Federal |  | $ | - |  |  | $ | 304,796 |  |  | $ | 304,796 |
State |  |  | 85,997 |  |  |  | 46,331 |  |  |  | 132,328 |
Total tax expense |  | $ | 85,997 |  |  | $ | 351,127 |  |  | $ | 437,124 |
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets at March 31, 2025 and December 31, 2024 were as follows: Schedule of Deferred Tax Assets and Liabilities
|  | Deferred Tax Assets |  |  | Deferred Tax Assets |
Deferred Tax Assets Summary |  | March 31, 2025 |  |  | December 31, 2024 |
Federal |  | $ | 705,726 |  |  | $ | 908,691 |
State |  |  | 115,479 |  |  |  | 151,413 |
Total |  | $ | 821,205 |  |  | $ | 1,060,104 |
|  | Deferred Tax Assets |  |  | Deferred Tax Assets |
Deferred Tax Assets Summary |  | March 31, 2025 |  |  | December 31, 2024 |
Operating lease right of use lease assets |  | $ | 377 |  |  | $ | 787 |
Inventories allowance |  |  | 124,931 |  |  |  | 140,743 |
Net loss carry forward |  |  | 695,897 |  |  |  | 918,574 |
Total |  | $ | 821,205 |  |  | $ | 1,060,104 |
The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. Based on management’s evaluation, there is no provision necessary for material uncertain tax position for the Company at March 31, 2025 and December 31, 2024.

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