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v3.23.1

Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Taxes |
Schedule of expense or (benefit) for income taxes |
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |
Current income tax expense (benefit) |  |  |  |  |  |  |  |
U.S. federal |  | $ | (50,000 | ) |  | $ | — |
U.S. state |  |  | 2,827 |  |  |  | 4,300 |
Foreign |  |  | 6,308 |  |  |  | 6,270 |
Total current income taxes |  |  | (40,865 | ) |  |  | 10,570 |
Deferred income tax benefit |  |  |  |  |  |  |  |
U.S. federal |  | $ | (675,290 | ) |  | $ | (2,274,295 | )
U.S. state |  |  | — |  |  |  | — |
Total deferred income benefit |  |  | (675,290 | ) |  |  | (2,274,295 | )
Total income tax benefit |  | $ | (716,155 | ) |  | $ | (2,263,725 | )
Schedule of statutory federal income tax rate to actual rates based on income or loss before income taxes |
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |
Income tax expense (benefit) attributable to: |  |  |  |  |  |
Federal |  | $ | (16,749,778 | ) |  | $ | (6,692,267 | )
State, net of federal benefit |  |  | (853,392 | ) |  |  | (672,148 | )
Foreign tax rate differential |  |  | (11,543 | ) |  |  | (138,292 | )
Permanent differences |  |  | 472,270 |  |  |  | (230,034 | )
Goodwill impairment |  |  | 9,172,756 |  |  |  | 2,658,665 |
Rate changes |  |  | (992 | ) |  |  | 54,295 |
Changes in valuation allowance |  |  | 7,501,917 |  |  |  | 3,361,603 |
Provision to return adjustment |  |  | 62,788 |  |  |  | 273,489 |
Deferred true-ups |  |  | (247,839 | ) |  |  | (928,743 | )
Other adjustments |  |  | (62,342 | ) |  |  | 49,707 |
Effective income tax expense (benefit) |  | $ | (716,155 | ) |  | $ | (2,263,725 | )
The following table sets forth our deferred income tax assets and liabilities: |  |  |
|  | As of December 31, |
|  | 2022 |  |  | 2021 |
Noncurrent deferred tax assets: |  |  |  |  |  |
Employee compensation |  | $ | 136,154 |  |  | $ | 820,410 |
Debt issuance costs |  |  | 39,381 |  |  |  | 138,778 |
Revenue recognition |  |  | 64,662 |  |  |  | 105,735 |
Settlement accrual |  |  | 178,549 |  |  |  | 146,604 |
Fixed assets |  |  | 774,936 |  |  |  | 242,006 |
Section 174 capitalization |  |  | 1,121,311 |  |  |  | — |
Federal and state net operating loss |  |  | 13,860,338 |  |  |  | 10,673,908 |
Foreign net operating loss |  |  | 4,641,293 |  |  |  | 4,904,857 |
Other |  |  | 280,430 |  |  |  | 225,340 |
Total deferred tax assets |  | $ | 21,097,054 |  |  | $ | 17,257,638 |
Noncurrent deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets |  |  | (1,713,666 | ) |  |  | (6,051,459 | )
Total deferred tax liabilities |  | $ | (1,713,666 | ) |  | $ | (6,051,459 | )
Valuation allowance |  |  | (19,383,388 | ) |  |  | (11,881,470 | )
Deferred tax asset (liability), net after valuation allowance |  | $ | — |  |  | $ | (675,291 | )

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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