Income Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| Income Taxes [Abstract] |
|
| Schedule of Expense or (Benefit) for Income Taxes |
The following table sets forth the expense or (benefit) for income taxes:
|
|
|
Year Ended December 31,
|
| |
|
2022
|
|
2021
|
|
Current income tax expense (benefit)
|
|
|
|
|
|
|
|
|
|
U.S. federal
|
|
$
|
(50,000 |
)
|
|
$
|
—
|
|
|
U.S. state
|
|
|
2,827 |
|
|
|
4,300 |
|
|
Foreign
|
|
|
6,308 |
|
|
|
6,270 |
|
|
Total current income taxes
|
|
|
(40,865 |
)
|
|
|
10,570 |
|
|
Deferred income tax benefit
|
|
|
|
|
|
|
|
|
|
U.S. federal
|
|
$
|
(675,290 |
)
|
|
$
|
(2,274,295 |
)
|
|
U.S. state
|
|
|
—
|
|
|
|
—
|
|
|
Total deferred income benefit
|
|
|
(675,290 |
)
|
|
|
(2,274,295 |
)
|
|
Total income tax benefit
|
|
$
|
(716,155 |
)
|
|
$
|
(2,263,725 |
)
|
|
| Schedule of Statutory Federal Income Tax Rate to Actual Rates Based on Income or Loss Before Income Taxes |
The following table sets forth reconciliations of the income tax expense at the statutory federal income tax rate to actual expense based on our loss before income taxes:
|
|
|
Year Ended December 31,
|
| |
|
2022
|
|
2021
|
|
Income tax expense (benefit) attributable to:
|
|
|
|
|
|
|
|
|
|
Federal
|
|
$
|
(16,749,778 |
)
|
|
$
|
(6,692,267 |
)
|
|
State, net of federal benefit
|
|
|
(853,392 |
)
|
|
|
(672,148 |
)
|
|
Foreign tax rate differential
|
|
|
(11,543 |
)
|
|
|
(138,292 |
)
|
|
Permanent differences
|
|
|
472,270 |
|
|
|
(230,034 |
)
|
|
Goodwill impairment
|
|
|
9,172,756 |
|
|
|
2,658,665 |
|
|
Rate changes
|
|
|
(992 |
)
|
|
|
54,295 |
|
|
Changes in valuation allowance
|
|
|
7,501,917 |
|
|
|
3,361,603 |
|
|
Provision to return adjustment
|
|
|
62,788 |
|
|
|
273,489 |
|
|
Deferred true-ups
|
|
|
(247,839 |
)
|
|
|
(928,743 |
)
|
|
Other adjustments
|
|
|
(62,342 |
)
|
|
|
49,707 |
|
|
Effective income tax expense (benefit)
|
|
$
|
(716,155 |
)
|
|
$
|
(2,263,725 |
)
|
|
| Schedule of Noncurrent Deferred Tax Assets |
The following table sets forth our deferred income tax assets and liabilities:
|
|
|
As of December 31,
|
| |
|
2022
|
|
2021
|
|
Noncurrent deferred tax assets:
|
|
|
|
|
|
|
|
Employee compensation
|
|
$
|
136,154 |
|
$
|
820,410 |
|
Debt issuance costs
|
|
|
39,381 |
|
|
138,778 |
|
Revenue recognition
|
|
|
64,662 |
|
|
105,735 |
|
Settlement accrual
|
|
|
178,549 |
|
|
146,604 |
|
Fixed assets
|
|
|
774,936 |
|
|
242,006 |
|
Section 174 capitalization
|
|
|
1,121,311 |
|
|
—
|
|
Federal and state net operating loss
|
|
|
13,860,338 |
|
|
10,673,908 |
|
Foreign net operating loss
|
|
|
4,641,293 |
|
|
4,904,857 |
|
Other
|
|
|
280,430 |
|
|
225,340 |
|
Total deferred tax assets
|
|
$
|
21,097,054 |
|
$
|
17,257,638 |
|
|
|
As of December 31,
|
| |
|
2022
|
|
2021
|
|
Noncurrent deferred tax liabilities:
|
|
|
|
|
|
|
|
|
|
Intangible assets
|
|
|
(1,713,666 |
)
|
|
|
(6,051,459 |
)
|
|
Total deferred tax liabilities
|
|
$
|
(1,713,666 |
)
|
|
$
|
(6,051,459 |
)
|
|
Valuation allowance
|
|
|
(19,383,388 |
)
|
|
|
(11,881,470 |
)
|
|
Deferred tax asset (liability), net after valuation allowance
|
|
$
|
—
|
|
|
$
|
(675,291 |
)
|
|