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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Taxes [Abstract] |
Schedule of (benefit from) income taxes |
|  | Year Ending December 31, |
|  | 2022 |  |  | 2021 |
Current |  |  |  |  |  |
Federal |  | $ | (749,000 | ) |  | $ | 1,084,000 |
State and local |  |  | 104,000 |  |  |  | 114,000 |
Total Current |  |  | (645,000 | ) |  |  | 1,198,000 |
Deferred |  |  |  |  |  |  |  |
Federal |  | $ | (305,000 | ) |  |  | 96,000 |
State and local |  |  | (350,000 | ) |  |  | 427,000 |
Total Deferred |  |  | (655,000 | ) |  |  | 523,000 |
Total Provision for (benefit from) income taxes |  | $ | (1,300,000 | ) |  | $ | 1,721,000 |
Schedule of U.S. federal statutory income tax rate |
|  | Year Ending December 31, |
|  | 2022 |  |  | 2021 |
Federal statutory income tax rate |  |  | 21.0 | % |  |  | 21.0 | %
Tax amortization of intangible assets |  |  | 6.5 | % |  |  | (4.1 | %)
Non-deductible fines and penalties |  |  | — | % |  |  | 0.8 | %
Share based compensation |  |  | — | % |  |  | 1.0 | %
Permanent differences |  |  | (6.1 | %) |  |  | 0.8 | %
State and local taxes, net of federal benefit |  |  | 9.4 | % |  |  | 5.6 | %
Change in valuation allowance |  |  | 2.0 | % |  |  | (— | %)
Other |  |  | (2.5 | %) |  |  | (0.4 | %)
Effective tax rate |  |  | 30.3 | % |  |  | 25.5 | %
Schedule of Deferred Tax Assets Liabilities |
|  | As of December 31, |
|  | 2022 |  |  | 2021 |
Deferred tax assets: |  |  |  |  |  |
Net operating losses |  | $ | 5,023,000 |  |  | $ | 5,437,000 |
Lease liabilities |  |  | 648,000 |  |  |  | 749,000 |
Share-based compensation |  |  | — |  |  |  | — |
Investment in Tigress |  |  | 775,000 |  |  |  | — |
Investment in RISE |  |  | 10,000 |  |  |  | 140,000 |
Accrued compensation |  |  | — |  |  |  | 62,000 |
Other |  |  | 45,000 |  |  |  | 13,000 |
Subtotal |  |  | 6,501,000 |  |  |  | 6,401,000 |
Less: valuation allowance |  |  | (978,000 | ) |  |  | (1,070,000 | )
Total Deferred tax assets |  | $ | 5,523,000 |  |  | $ | 5,331,000 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Fixed assets |  | $ | (1,126,000 | ) |  | $ | (892,000 | )
Share-based compensation |  |  | — |  |  |  | (145,000 | )
Total Deferred tax liabilities |  |  | (1,126,000 | ) |  |  | (1,037,000 | )
Net Deferred tax assets |  | $ | 4,397,000 |  |  | $ | 4,294,000 |
Schedule of beginning and ending amount of unrecognized tax benefits |
|  | Amount |
Balance as of December 31, 2020 |  | $ | 1,105,000 |
Additions for tax positions taken during current year |  |  | 1,315,000 |
Additions for tax positions taken during prior year |  |  | — |
Reductions for tax positions taken during prior years |  |  | (2,000 | )
Settlements |  |  | — |
Expirations of statutes of limitations |  |  | — |
Balance as of December 31, 2021 |  | $ | 2,418,000 |
Additions for tax positions taken during current year |  |  | — |
Additions for tax positions taken during prior year |  |  | 12,000 |
Reductions for tax positions taken during prior years |  |  | (834,000 | )
Settlements |  |  | — |
Expirations of statutes of limitations |  |  | — |
Balance as of December 31, 2022 |  | $ | 1,596,000 |

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