Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.23.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Taxes  
Schedule of components of provision for income taxes

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December 31, 

​

​

2022

​

2021

Current provision:

    

​

  

    

​

  

Federal

​

$

—

​

$

—

State

​

 

22

​

 

92

Total current

​

 

22

​

 

92

Deferred benefit:

​

 

​

​

 

​

Federal

​

 

40

​

 

(2,983)

State

​

 

(116)

​

 

(356)

Total deferred

​

 

(76)

​

 

(3,339)

Income tax benefit

​

$

54

​

$

3,247

​

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, 

​

​

    

2022

​

2021

 

Provision for federal income taxes at statutory rates

    

5,822

    

(21)

%  

3,305

    

(21)

%

Provision for state income taxes, net of federal benefit

 

505

​

(2)

%  

200

 

(1)

%

Change in valuation allowance

 

(6,274)

​

23

%  

(203)

 

1

%

Nondeductible expenses

 

(6)

​

—

%  

(55)

 

—

%

Return to provision adjustments

 

—

​

—

%  

—

 

—

%

Other

 

7

​

—

%  

—

 

—

%

Income tax benefit

 

54

​

—

%  

3,247

 

21

%

Effective Tax Rate

 

0.2

%  

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​

20.6

%  

  

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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, 

​

​

2022

​

2021

Deferred tax assets

    

​

  

    

​

  

Net operating loss carryforward

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$

9,383

​

$

5,581

Property and equipment

​

 

—

​

 

—

Intangibles

​

 

—

​

 

—

Reserves

​

 

94

​

 

47

Share based compensation

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​

2,270

​

​

713

Interest expense carryforward

​

 

18

​

 

43

Research and development credits

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​

35

​

​

35

Lease liability

​

 

1,566

​

 

1,009

Basis in partnership

​

​

2

​

​

3

Charitable contributions carryover

​

 

28

​

 

16

Total deferred tax assets

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13,396

​

 

7,447

Deferred tax liabilities

​

 

​

​

 

​

Property and equipment

​

​

(54)

​

​

(66)

Intangibles

​

​

(3,247)

​

​

(3,432)

Internally developed software

​

 

(692)

​

 

(877)

Unrealized gain/loss

​

​

(29)

​

​

—

Right-of-Use assets

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​

(1,259)

​

​

(991)

Prepaid expenses

​

 

(287)

​

 

(229)

Total deferred tax liabilities

​

 

(5,568)

​

 

(5,595)

Valuation allowance

​

 

(8,125)

​

 

(1,852)

Deferred tax liability, net

​

$

(297)

​

$

—

​