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Income Taxes | 12 Months Ended
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Dec. 31, 2021
Income Taxes |
Income Taxes | 7. Income Taxes ​ Deferred tax attributes resulting from differences between the tax basis of assets and liabilities and the reported amounts in the Consolidated Balance Sheets are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31, | ​
​ |  | 2021 |  | 2020 |
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accruals and reserves | ​ | $ | 501 | ​ | $ | 483 | ​
Deferred rent credit | ​ | ​ | 163 | ​ | ​ | 175 | ​
Depreciation and amortization | ​ | ​ | 24 | ​ | ​ | 7 | ​
Total deferred tax assets | ​ | ​ | 688 | ​ | ​ | 665 | ​
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accruals and reserves | ​ | ​ | (67) | ​ | ​ | (9) | ​
Depreciation and amortization | ​ | ​ | (2,212) | ​ |  | (2,010) | ​
Total deferred tax liabilities | ​ | ​ | (2,279) | ​ | ​ | (2,019) | ​
Net deferred tax (liabilities) asset | ​ | $ | (1,591) | ​ | $ | (1,354) | ​
​ The provision for income taxes is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31, |
​ |  | 2021 |  | 2020 |
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | 1,692 | ​ | $ | 1,339 | ​
State | ​ |  | 572 | ​ |  | 263 | ​
Foreign | ​ |  | 674 | ​ |  | 314 | ​
​ | ​ |  | 2,938 | ​ |  | 1,916 | ​
Deferred: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ |  | (45) | ​ |  | (134) | ​
State | ​ | ​ | (12) | ​ | ​ | (28) | ​
Foreign | ​ |  | 285 | ​ |  | (8) | ​
​ | ​ |  | 228 | ​ |  | (170) | ​
​ | ​ | $ | 3,166 | ​ | $ | 1,746 | ​
Effective Tax Rate | ​ |  | 25.6 | % |  | 28.1 | %
​ The reasons for the difference between total tax expense and the amount computed by applying the U.S. statutory federal income tax rate to income before income taxes are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31, |
​ |  | 2021 |  | 2020 |
Statutory rate applied to pretax income | ​ | $ | 2,596 | ​ | $ | 1,309 | ​
State income taxes, net of federal income tax benefit | ​ |  | 442 | ​ |  | 182 | ​
Adjustment for foreign rate change | ​ | ​ | 353 | ​ | ​ | — | ​
Other permanent items | ​ | ​ | 19 | ​ | ​ | 19 | ​
Acquisition related costs | ​ | ​ | — | ​ | ​ | 319 | ​
Dividends | ​ | ​ | (17) | ​ | ​ | (19) | ​
Foreign income taxes over U.S. statutory rate | ​ |  | (18) | ​ |  | (1) | ​
GILTI, net of foreign tax credits | ​ | ​ | (38) | ​ | ​ | — | ​
Stock compensation | ​ | ​ | (135) | ​ | ​ | (59) | ​
Other items | ​ |  | (36) | ​ |  | (4) | ​
Income tax expense | ​ | $ | 3,166 | ​ | $ | 1,746 | ​
​ The Company has analyzed filing positions in all the federal and state jurisdictions where it is required to file income tax returns, as well as all open tax years in these jurisdictions. The Company has identified its federal consolidated tax return, its state tax return in New Jersey, its Canadian tax return and its tax return in the United Kingdom as major tax jurisdictions. As of December 31, 2021, the Company’s 2018 through 2020 Federal tax returns remain open for examination. The Company’s New Jersey and Canadian tax returns are open for examination for the years 2017 through 2020. The Company’s tax return in the United Kingdom is open for examination for the years 2019 and 2020. The Company’s policy is to recognize interest related to unrecognized tax benefits as interest expense and penalties as operating expenses. The Company believes that it has appropriate support for the income tax positions it takes and expects to take on its tax returns, and that its accruals for tax liabilities are adequate for all open years based on an assessment of many factors including experience and interpretations of tax law applied to the facts of each matter. ​ For financial reporting purposes, income before income taxes includes the following components: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31, |
​ |  | 2021 |  | 2020 |
United States | ​ | $ | 9,355 | ​ | $ | 4,767 | ​
Foreign | ​ |  | 3,009 | ​ |  | 1,453 | ​
​ | ​ | $ | 12,364 | ​ | $ | 6,220 | ​
​ ​ The Company has approximately $7.4 million of undistributed earnings in Canada and $2.2 million of undistributed earnings in the United Kingdom, which it continues to reinvest indefinitely, and therefore no withholding taxes related to its repatriation has been recorded. ​ The following table summarizes the activity related to the Company’s unrecognized tax benefits as of December 31, 2021 and 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021 |  | 2020
Balance as of January 1 | ​ | $ | - | ​ | $ | 49
Additions related to prior period tax positions | ​ |  | - | ​ | ​ | -
Reductions related to settlements with tax authorities | ​ |  | - | ​ | ​ | (49)
Balance as of December 31 | ​ | $ | - | ​ | $ | -
​ During the years ended December 31, 2021 and 2020, the Company incurred interest and penalties of zero and less than $0.1 million, respectively, related to these uncertain tax benefits.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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