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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of income tax benefit for federal and state and local income taxes

The provision for income taxes in the consolidated statements of operations consists of the following:

​

​	​	​	​	​	​	​
​	​	Years Ended December 31,
($ in thousands)		2024			2023
Current:		​			​
Federal	​	$	21	​	$	22
State and local	​		199	​		83
Total current	​		220	​		105
​	​	​	​	​	​	​
Deferred:	​			​
Federal	​		—	​		727
State and local	​		—	​		380
Total deferred	​		—	​		1,107
​	​	​	​	​	​	​
Total provision	​	$	220	​	$	1,212

Schedule of reconciliation of income tax benefit computed at the federal and state and local statutory rates

The reconciliation of the federal statutory income tax rate to the Company’s effective tax rate reflected in the income tax provision shown in the consolidated statements of operations is as follows:

​

​	​	​	​	​	​
​	​	Years Ended December 31,			​
​		2024		2023
U.S. statutory federal rate		21.00	%	21.00	%
State and local rate, net of federal tax benefit		7.34		6.36	​
Stock compensation		(0.02)		(0.14)	​
Excess compensation deduction		​		(0.27)	​
Federal true-ups		(0.61)		0.18	​
Life insurance		(0.10)		(0.12)	​
Change in valuation allowance		(28.60)		(33.16)	​
Income tax provision		(0.99)	%	(6.15)	%

Schedule of components of net deferred tax assets (liabilities)

The significant components of net deferred tax assets (liabilities) of the Company consist of the following:

​

​	​	​	​	​	​	​
​	​	December 31,
($ in thousands)		2024			2023
Deferred tax assets		​			​
Federal, state and local net operating loss carryforwards	​	$	12,847	​	$	8,127
Stock-based compensation	​	​	594	​	​	712
Accrued compensation and other accrued expenses	​		958	​		451
Allowance for doubtful accounts	​		—	​		231
Basis difference arising from discounted note payable	​		—	​		11
Charitable contribution carryover	​		1	​		1
Property and equipment	​		273	​		169
Interest expense	​		176	​		31
Total deferred tax assets	​	​	14,849	​	​	9,733
Valuation allowance	​	​	(12,881)	​	​	(6,537)
Total deferred tax assets, net of valuation allowance	​	​	1,968	​	​	3,196
​	​	​	​	​	​	​
Deferred tax liabilities	​	​	​	​	​	​
Basis difference arising from intangible assets of acquisition	​		(1,968)	​		(3,196)
Total deferred tax liabilities	​		(1,968)	​		(3,196)
​	​	​	​	​	​	​
Net deferred tax assets	​	$	—	​	$	—

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- References

No definition available.

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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

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

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