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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
INCOME TAXES |
Schedule of pre-tax income from continuing operations on which the provision for income taxes | The pre-tax income from continuing operations on which the provision for income taxes was computed is as follows for the years ended December 31, 2024 and 2023 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
United States | ​ | $ | 3,627 | ​ | $ | 12,579
Foreign | ​ |  | — | ​ |  | —
Total | ​ |  | 3,627 | ​ |  | 12,579
​
Schedule of income tax expense | Income tax expense consists of the following for the years ended December 31, 2024 and 2023 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
Current tax expense: |  | ​ |  |  | ​ |
Federal | ​ | $ | 1,136 | ​ | $ | 3,433
State | ​ |  | 431 | ​ |  | 1,717
Total tax expense: | ​ |  | 1,567 | ​ |  | 5,150
Deferred tax benefit | ​ |  |  | ​ |  |
Federal | ​ |  | (711) | ​ |  | (1,873)
State | ​ |  | (223) | ​ |  | (430)
Total deferred tax benefit | ​ | $ | (934) | ​ | $ | (2,303)
Total | ​ | $ | 633 | ​ | $ | 2,847
​
Schedule of reconciliation of income tax | A reconciliation of income tax computed at the U.S. statutory rate of 21% to the effective income tax rate is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | ​ | 2023 |
Statutory rate |  | 21 | % | ​ | 21 | %
State taxes |  | 3 | % | ​ | 7 | %
Meals and entertainment | ​ | 10 | % | ​ | 3 | %
Excess officer's compensation | ​ | 1 | % | ​ | 3 | %
Stock based compensation |  | — | % | ​ | (7) | %
Research and development credit |  | (17) | % | ​ | (4) | %
Other | ​ | (1) | % | ​ | — | %
Effective rate |  | 17 | % | ​ | 23 | %
​
Schedule of tax effects of temporary differences that give rise to deferred tax assets (liabilities) | The tax effects of temporary differences that give rise to deferred tax assets (liabilities) at December 31, 2024 and 2023 are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
Deferred tax assets: |  | ​ |  |  | ​ |
Accrued expenses | ​ | $ | 40 | ​ | $ | 34
Lease liability | ​ |  | 3,652 | ​ |  | 4,540
Inventory | ​ |  | 263 | ​ |  | 261
Stock based compensation | ​ |  | 611 | ​ |  | 371
Section 174 costs | ​ |  | 4,259 | ​ |  | 2,829
Deferred tax assets | ​ | $ | 8,825 | ​ | $ | 8,035
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ |  |  | ​ |  |
Property and equipment | ​ |  | (447) | ​ |  | (469)
Finance lease | ​ |  | (294) | ​ |  | (149)
Prepaid expenses | ​ |  | (215) | ​ |  | (198)
Right-of-use asset | ​ |  | (2,680) | ​ |  | (3,172)
Amortization | ​ |  | (390) | ​ |  | (182)
Deferred tax liabilities | ​ | $ | (4,026) | ​ | $ | (4,170)
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax assets | ​ | $ | 4,799 | ​ | $ | 3,865

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- Definition 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 + Details
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- Definition 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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