Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.22.0.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Taxes  
Schedule of components of provision for income taxes

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December 31, 

​

​

2021

​

2020

Current provision:

    

​

  

    

​

  

Federal

​

$

—

​

$

—

State

​

 

92

​

 

38

Total current

​

 

92

​

 

38

Deferred benefit:

​

 

​

​

 

​

Federal

​

 

(2,983)

​

 

(38)

State

​

 

(356)

​

 

(8)

Total deferred

​

 

(3,339)

​

 

(46)

Income tax benefit

​

$

3,247

​

$

8

Schedule of reconciliation of the statutory U.S. federal rate to the Company's effective tax rate

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For the Years Ended December 31, 

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​

    

2021

​

2020

 

Provision for federal income taxes at statutory rates

    

3,305

    

(21)

%  

284

    

(21)

%

Provision for state income taxes, net of federal benefit

 

200

​

(1)

%  

(0.2)

 

—

%

Change in valuation allowance

 

(203)

​

1

%  

(272)

 

20

%

Nondeductible expenses

 

(55)

​

—

%  

(4)

 

—

%

Return to provision adjustments

 

—

​

—

%  

0.7

 

—

%

Other

 

—

​

—

%  

(0.6)

 

—

%

Income tax benefit

 

3,247

​

21

%  

8

 

1

%

Effective Tax Rate

 

20.6

%  

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​

0.63

%  

  

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Schedule of tax effects of the temporary differences and carryforwards that give rise to the deferred tax assets

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December 31, 

​

​

2021

​

2020

Deferred tax assets

    

​

  

    

​

  

Net operating loss carryforward

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$

5,581

​

$

2,103

Property and equipment

​

 

—

​

 

6

Intangibles

​

 

—

​

 

(39)

Reserves

​

 

47

​

 

15

Share based compensation

​

​

713

​

​

—

Interest expense carryforward

​

 

43

​

 

53

Research and development credits

​

​

35

​

​

—

Lease liability

​

 

1,009

​

 

101

Basis in partnership

​

​

3

​

​

—

Charitable contributions carryover

​

 

16

​

 

5

Total deferred tax assets

​

 

7,447

​

 

2,244

Deferred tax liabilities

​

 

​

​

 

​

Property and equipment

​

​

(66)

​

​

—

Intangibles

​

​

(3,432)

​

​

—

Internally developed software

​

 

(877)

​

 

(173)

Share based compensation

​

​

—

​

​

(126)

Right-of-Use assets

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​

(991)

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​

(100)

Prepaid expenses

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(229)

​

 

(198)

Total deferred tax liabilities

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(5,595)

​

 

(596)

Valuation allowance

​

 

(1,852)

​

 

(1,648)

Deferred tax asset, net

​

$

—

​

$

—