XML 32 R22.htm IDEA: XBRL DOCUMENT v3.25.2

Income Taxes (Tables)

3 Months Ended

Jun. 30, 2025

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The income tax provision consists of the following for the three months ended June 30, 2025 and 2024:

 Schedule of Income Tax Provision

		2025				2024
		Three Months Ended
		June 30
		2025				2024
Current income tax expense:
Federal		$	115,316			$	11,905
State			26,600				20,066
Total current income tax expense			141,916				31,971
Deferred income tax (benefit) expense:
Federal			(37,536	)			74,615
State			(1,149	)			-
Total deferred income tax (benefit) expense			(38,685	)			74,615
Total income tax expense:		$	103,231			$	106,586

Schedule of Reconciliation of Provision for Income Taxes

A reconciliation of the provision for income taxes to income taxes computed using the federal statutory rate for the three months ended June 30 follows:

 Schedule of Reconciliation of Provision for Income Taxes

		2025				2024
Tax expense at federal statutory rate (1)		$	72,488			$	83,501
Statutory depletion carryforward			1,566				10,500
Change in valuation allowance			-				-
Permanent differences			9,312				(3,267	)
State income expense, net of federal benefit			21,014				15,852
Other			(1,149	)			-
Total income tax			103,231				106,586
Effective income tax rate (1)			29.9	%			26.8	%

⁽¹⁾ The federal statutory rate was 21% for three months ended June 30, 2025 and 2024.

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration