INCOME TAXES

9 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 6 - INCOME TAXES

For the three months ended September 30, 2024, the Company recognized expense from income taxes of $90,348, representing an effective tax rate of 33.2%. For the nine months ended September 30, 2024, the Company recognized expense from income taxes of $250,824, representing an effective tax rate of 29.7%. The Company’s effective tax rate will generally differ from the U.S. Federal statutory rate of 21.0% due to state taxes, permanent items, and discrete items. For the three months ended September 30, 2023, the Company recognized expense from income taxes of $69,901. For the nine months ended September 30, 2023, the Company recognized expense from income taxes of $189,913.