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INCOME TAXES (Tables)
9 Months Ended
Sep. 30, 2023
INCOME TAXES  
Schedule of reconciliation of the federal statutory corporate tax rate to the Company's effective tax rate

A reconciliation of the federal statutory corporate tax rate to the Company’s effective tax rate is as follows:

Nine Months Ended

Nine Months Ended

    

September 30, 2023

    

September 30, 2022

    

U.S. statutory federal tax rate

 

21.00

%  

21.0

%  

 

State tax, net of federal tax

 

0.13

%  

0.6

%  

 

Stock options

0.15

%  

8.9

%  

State tax nexus study

%  

(89.5)

%  

Rate Change

%  

34.3

%  

Return-to-provision and other

1.14

%  

4.9

%  

Effective tax rate

 

22.42

%

(19.8)

%