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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The provision for income taxes consists of:

Schedule of Income Tax Provision

		Year Ended December 31,
		2023				2022
Current tax expense:
Federal		$	4,296			$	34,120
State			36,702				2,263
Current tax expense			40,998				36,383
Deferred tax benefit:
Federal			(425,065	)			(121,662	)
State			(103,794	)			(34,367	)
Deferred tax benefit			(528,859	)			(156,029	)
Total		$	(487,861	)		$	(119,646	)

The effective income tax rate differs from the federal statutory rate as follows:

The effective income tax rate differs from the federal statutory rate as follows:

		Year Ended December 31,
		2023				2022
Federal statutory rate			21.00	%			21.00	%
State taxes, net of federal benefit			2.69	%			3.60	%
Permanent differences			-3.24	%			-5.63	%
State tax rate change			13.26	%			1.13	%
Prior year adjustments			-3.07	%			-5.34	%
Changes in tax rates and other			-1.71	%			0.37	%
Total			28.93	%			15.13	%

Schedule of Net Deferred Tax Assets and Liabilities

Net deferred tax assets and (liabilities) at December 31 consist of:

Schedule of Net Deferred Tax Assets and Liabilities

		December 31,
		2023				2022
Net operating losses		$	1,246,963			$	1,518,394
Various accruals and deferred timing differences			520,170				230,574
Prepaid expenses			(68,926	)			(50,227	)
Depreciation			(4,033,750	)			(4,418,327	)
Inventory			(576,075	)			(720,891	)
Net deferred tax liability		$	(2,911,618	)		$	(3,440,477	)

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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-Topic 740
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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.

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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.

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