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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Taxes |
Summary of income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31 |  | 2024 |  | 2023
State | ​ | $ | 21,000 | ​ | $ | 20,000
Foreign | ​ | ​ | 730,000 | ​ | ​ | —
Total current tax expense | ​ | ​ | 751,000 | ​ | ​ | 20,000
Federal | ​ | ​ | (2,731,000) | ​ | ​ | —
State | ​ | ​ | (193,000) | ​ | ​ | —
Foreign | ​ | ​ | (156,000) | ​ | ​ | ​
Total deferred tax benefit | ​ | ​ | (3,080,000) | ​ | ​ | —
Total income tax (benefit) expense | ​ | $ | (2,329,000) | ​ | $ | 20,000
Summary of reconciliation of effective federal income tax rate | ​
​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31 |  | 2024 |  | 2023 | ​
Federal statutory rate |  | 21.0 | % | 21.0 | %
Stock-based awards |  | — |  | (0.5) | ​
State income taxes |  | 1.0 |  | 3.1 | ​
Foreign income taxes | ​ | (0.6) | ​ | — | ​
Permanent differences | ​ | (0.7) | ​ | — | ​
Change in valuation allowance |  | 5.4 |  | (24.6) | ​
Other |  | (0.9) |  | 0.3 | ​
Effective income tax rate |  | 25.2 | % | (0.7) | %
Schedule of deferred tax assets (liabilities) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of December 31 |  | 2024 |  | 2023
Deferred tax assets | ​ | ​ | ​ | ​ | ​ | ​
Accrued expenses | ​ | $ | 57,000 | ​ | $ | 117,000
Stock-based awards | ​ |  | — | ​ |  | 9,000
Reserve for bad debts | ​ |  | — | ​ |  | 2,000
Net operating loss and credit carryforwards | ​ |  | 1,968,000 | ​ |  | 529,000
Right of use liability | ​ | ​ | 8,458,000 | ​ | ​ | ​
Other | ​ |  | 665,000 | ​ |  | 2,000
Total deferred tax assets | ​ | $ | 11,148,000 | ​ | $ | 659,000
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities | ​ |  |  | ​ |  |
Depreciation | ​ | $ | (2,207,000) | ​ | $ | (5,000)
Accrued expenses | ​ | ​ | (1,530,000) | ​ | ​ | —
Intangible assets | ​ | ​ | (6,581,000) | ​ | ​ | —
Right of use asset | ​ | ​ | (8,321,000) | ​ | ​ | —
Prepaid expenses | ​ |  | — | ​ |  | (9,000)
Other | ​ | ​ | (7,000) | ​ | ​ | —
Total deferred tax liabilities | ​ |  | (18,646,000) | ​ |  | (14,000)
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax liabilities | ​ | ​ | (7,498,000) | ​ | ​ | 645,000
Valuation allowance | ​ | ​ | (144,000) | ​ | ​ | (645,000)
Net deferred tax liabilities after valuation allowance | ​ | $ | (7,642,000) | ​ | $ | —
Summary of reconciliation of liability for uncertain tax positions | ​
​ | ​ | ​ | ​
Balance at December 31, 2022 |  | $ | 53,000
Decrease due to state tax expense | ​ |  | (16,000)
Increases due to interest and state tax | ​ |  | 5,000
Balance at December 31, 2023 | ​ | $ | 42,000
​ | ​ | ​ | ​
Decrease due to state tax expense | ​ | ​ | (8,000)
Increases due to interest and state tax | ​ |  | 1,000
Balance at December 31, 2024 | ​ | $ | 35,000
​

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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