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INCOME TAXES | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
INCOME TAXES | NOTE 10 – INCOME TAXES The provision for income taxes consists of: Schedule of Income Tax Provision
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |
Current tax expense: |  |  |  |  |  |  |  |
Federal |  | $ | 459,640 |  |  | $ | 719,342 |
State |  |  | 215,831 |  |  |  | 367,819 |
Current tax expense |  |  | 675,471 |  |  |  | 1,087,161 |
Deferred tax expense: |  |  |  |  |  |  |  |
Federal |  |  | 263,911 |  |  |  | 227,246 |
State |  |  | 81,497 |  |  |  | 65,247 |
Deferred tax expense (benefit) |  |  | 345,408 |  |  |  | 292,493 |
Total |  | $ | 1,020,879 |  |  | $ | 1,379,654 |
The effective income tax rate differs from the federal statutory rate as follows: Schedule of Effective Income Tax Rate
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |
Federal statutory rate |  |  | 21.00 | % |  |  | 21.00 | %
State taxes, net of federal benefit |  |  | 6.49 | % |  |  | 6.79 | %
Permanent differences |  |  | 1.26 | % |  |  | 0.26 | %
Prior year adjustments |  |  | -1.54 | % |  |  | 0.76 | %
Changes in tax rates and other |  |  | 2.24 | % |  |  | 0.09 | %
Total |  |  | 29.45 | % |  |  | 28.90 | %
Permanent differences for the periods consist primarily of changes in non-deductible gifts, meals and entertainment as well as political contributions. Changes in tax rate are described above. Net deferred tax assets and (liabilities) at December 31 consist of: Schedule of Net Deferred Tax Assets and Liabilities
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |
Various Accruals and Deferred Timing Differences |  | $ | 36,037 |  |  | $ | 145,195 |
Prepaid |  |  | (31,706 | ) |  |  | (29,404 | )
Depreciation |  |  | (3,289,735 | ) |  |  | (2,744,921 | )
Inventory |  |  | (311,103 | ) |  |  | (621,969 | )
Net noncurrent deferred tax liability |  |  | (3,596,507 | ) |  |  | (3,251,099 | )
Valuation allowance |  |  | - |  |  |  | - |
Net deferred tax liability |  | $ | (3,596,507 | ) |  | $ | (3,251,099 | )

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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