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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax [Line Items]

Summary of Income Tax Provision (Benefit)

The income tax provision (benefit) from continuing operations is summarized as follows:

		December 31, 2023				December 31, 2022
Current
Federal		$	(53	)			—
State		$	52				—
Total current tax provision			(1	)			—
Deferred
Federal			3,441				—
State		$	622			$	(298	)
Total deferred income tax provision (benefit)			4,063				(298	)
Change in valuation allowance		$	1			$	—
Total tax benefit		$	4,063			$	(298	)

Schedule of Net Deferred Tax Assets and Liabilities

The tax effects of the primary temporary differences included in net deferred tax assets and liabilities consist of the following:

		December 31, 2023				December 31, 2022
Deferred Tax Assets
Net operating loss carryforwards		$	—			$	453
Cryptocurrency impairment and appreciation			1				—
Lease Liability			635				126
Accruals			50				—
Reserves			58				—
Capitalized expenses			24				7
Gross deferred tax assets		$	768			$	586
Valuation allowance - US			(21	)			—
Net deferred tax assets			747				586
Deferred Tax Liabilities
Debt discount			(2,358	)			(601	)
Depreciation			(2,091	)			(96	)
Right-of-use asset			(602	)			(110	)
Other			—				(8	)
Deferred tax liabilities			(5,051	)			(815	)
Net deferred tax assets (liabilities)		$	(4,304	)		$	(229	)

Schedule of Reconciliations of Tax Expense (Benefit) Based on the US Federal Statutory Rate with Actual Tax Expense

The following table reconciles the tax expense (benefit) based on the US federal statutory rate with actual tax expense (benefit):

		December 31, 2023				December 31, 2022
Income tax expense (benefit) at federal statutory tax rate		$	(594	)		$	(13,000	)
State taxes, net of federal tax expense (benefit)			(1,167	)			(298	)
Change in valuation allowance			1				—
Partnership C-Corp federal rate differential			529				13,000
Corporate DTA remeasurements			3,714				—
Partnership tax attribute write-offs			1,416				—
Provision to return			138				—
Other			26				—
Net deferred tax expense (benefit)		$	4,063			$	(298	)

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Income tax.

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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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
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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

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-SubTopic 10
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