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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Schedule of Provision for (Benefit from) Income Taxes

The Company’s provision for (benefit from) income taxes is comprised of the following:

 

   Year Ended December 31, 
   2024   2023 
Current        
Federal  $2,607,000   $3,023,000 
State and local   472,000    499,000 
Total Current   3,079,000    3,522,000 
           
Deferred          
Federal  $520,000   $(366,000)
State and local   566,000    259,000 
Total Deferred   1,086,000    (107,000)
           
Total Provision for (benefit from) income taxes  $4,165,000   $3,415,000 
Schedule of Effective Tax Rate

The Company’s effective tax rate differs from the U.S. federal statutory income tax rate of 21% for the periods indicated are as follows:

 

   Year Ended December 31, 
   2024   2023 
Federal statutory income tax rate   21.0%   21.0%
Goodwill amortization   (1.6)%   (2.5)%
Permanent differences   0.4%   2.7%
State and local taxes, net of federal benefit   5.4%   5.7%
Change in valuation allowance   (0.8)%   2.4%
Other   (0.5)%   1.1%
Effective tax rate   23.9%   30.4%
Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows:

 

   As of December 31, 
   2024   2023 
Deferred tax assets:        
Net operating losses  $2,971,000   $3,393,000 
Lease liabilities   676,000    840,000 
Share-based compensation   31,000    
—
 
Intangible assets   25,000    
—
 
Investment in RISE   122,000    123,000 
Investment in Trading Technology Provider   215,000    239,000 
R&D costs capitalization   187,000    142,000 
Settlement liability related to Kakaopay
termination		   649,000    1,253,000 
Capital loss carryover   719,000    803,000 
Other   113,000    79,000 
Subtotal   5,708,000    6,872,000 
Less: valuation allowance   (1,104,000)   (1,243,000)
Total Deferred tax assets  $4,604,000   $5,629,000 
Deferred tax liabilities:          
Fixed assets  $(1,186,000)  $(1,125,000)
Total Deferred tax liabilities   (1,186,000)   (1,125,000)
Net Deferred tax assets  $3,418,000   $4,504,000 
Schedule of Unrecognized Tax Benefits, Excluding Interest and Penalties

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows:

 

   Amount 
Balance as of December 31, 2022  $1,596,000 
Additions for tax positions taken during current year   15,000 
Additions for tax positions taken during prior year   
—
 
Reductions for tax positions taken during prior years   (2,000)
Settlements   
—
 
Expirations of statutes of limitations   (204,000)
Balance as of December 31, 2023  $1,405,000 
Additions for tax positions taken during current year   19,000 
Additions for tax positions taken during prior year   
—
 
Reductions for tax positions taken during prior years   
—
 
Settlements   
—
 
Expirations of statutes of limitations   (70,000)
Balance as of December 31, 2024  $1,354,000