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INCOME TAXES
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES

 

10. INCOME TAXES

 

The (benefit)/provision for income tax for the three months ended March 31, 2025, and March 31, 2024 was ($348,969) and $39,472, respectively.

 

The effective income tax rate for the three months ended March 31, 2025 is 20.9%. The difference between the effective income tax rate for the three months ended March 31, 2025 and the statutory income tax rate of 21.0% is due primarily to the estimated R&D credit, state income taxes and permanent tax differences.