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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Components Income Tax Provision

The components of the provision (benefit) for income taxes consists of the following for the years ended December 31, 2023 and 2022:

 

   2023     2022 
   Year Ended December 31, 
   2023    2022 
Current:          
Federal  $84,435   $563,821 
State   (540,240)   (266,248)
Total current  $(455,805)  $297,573 
Deferred:          
Federal   (7,228,611)   (3,945,090)
State   (2,068,509)   (961,468)
Change in valuation allowance   6,975,234    - 
Total deferred   (2,321,886)   (4,906,558)
Total income tax benefit  $(2,777,691)  $(4,608,985)
Schedule of Benefit from Income Taxes and Effective Tax Rates

A reconciliation of income tax expense at the statutory federal income tax rate and income taxes as reflected in the financial statements is as follows:

 

   2023   2022 
   Year Ended December 31, 
   2023   2022 
Federal income tax expense at statutory rate   21.0%   21.0%
State income tax expense, net of federal tax benefit   1.6%   4.8%
Permanent differences:          
- Foreign derived intangible income deduction   0.0%   1.4%
- Stock based compensation   -3.5%   -3.6%
- Contingent consideration remeasurement   0.6%   8.8%
- Goodwill impairment   0.0%   -17.1%
- Other permanent differences   -0.2%   -0.6%
Research and development credits   4.6%   11.1%
Change in uncertain tax positions   1.2%   -2.1%
Change in valuation allowance   -18.3%   0.0%
Other   0.3%   0.8%
Effective income tax rate   7.3%   24.5%
Schedule of Deferred Tax Assets and Liabilities

Net deferred tax liabilities consist of the following components as of December 31, 2023 and 2022:

 

   2023   2022 
   December 31, 
   2023   2022 
Deferred tax assets:          
Accrued liabilities  $58,158   $98,141 
Reserves and allowances   734,631    765,004 
Deferred compensation   620,551    566,076 
Section 174 costs   7,337,629    3,460,159 
Lease liability   742,131    85,899 
UNICAP   43,943    168,936 
Net operating loss carryforwards   4,040,601    - 
Research and development credits   1,688,255    - 
Total gross deferred tax assets   15,265,899    5,144,215 
Less valuation allowance   (6,938,829)   - 
Total deferred tax assets   8,327,070    5,144,215 
Deferred tax liabilities:          
Property and equipment, net   (672,416)   (609,261)
Intangibles, net   (6,552,255)   (6,608,914)
Prepaids   (329,768)   (156,053)
Right of use asset   (736,226)   (91,873)
Other comprehensive income   (36,405)   (96,101)
Other   -    - 
Total deferred tax liabilities   (8,327,070)   (7,562,202)
           
Net deferred tax liability  $-   $(2,417,987)
Schedule of Unrecognized Tax Benefits

   December 31, 
   2023   2022 
Unrecognized tax benefits at the beginning of the year  $1,469,577   $1,067,853 
Gross increases - current year tax positions   273,569    1,045,590 
Gross increases - prior year tax positions   66,127    34,035 
Gross decreases - prior year tax positions   (730,842)   (677,901)
Unrecognized tax benefits at end of year  $1,078,431   $1,469,577 
           
Interest and penalties in year-end balance  $100,162   $34,035