Schedule of expense or (benefit) for income taxes |
|
|
Year Ended December 31, |
|
|
Six Months Ended December 31, |
|
|
|
|
Year Ended June 30, |
|
|
|
2021 |
|
|
2020 |
|
|
|
2020 |
|
Deferred income tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. federal
|
|
$ |
(2,274,295 |
) |
|
$ |
— |
|
|
|
$ |
— |
|
U.S. state
|
|
|
— |
|
|
|
— |
|
|
|
|
— |
|
Total deferred income tax benefit
|
|
$ |
(2,274,295 |
) |
|
$ |
— |
|
|
|
$ |
— |
|
|
|
Year Ended December 31,
|
|
|
Six Months Ended December 31,
|
|
|
|
|
Year Ended June 30,
|
|
|
|
2021 |
|
|
|
2020
|
|
|
|
2020
|
|
Income tax
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current income taxes
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. federal
|
|
$ |
— |
|
|
|
$
|
—
|
|
|
|
$ |
30,985 |
|
U.S. state |
|
|
5,800 |
|
|
|
|
200 |
|
|
|
|
— |
|
Foreign
|
|
|
6,270 |
|
|
|
|
—
|
|
|
|
|
|
|
Total current income taxes
|
|
$ |
12,070 |
|
|
|
$
|
200
|
|
|
|
$ |
30,985 |
|
|
Schedule of statutory federal income tax rate to actual rates based on income or loss before income taxes |
|
|
Year Ended December 31, |
|
Six Months Ended December 31, |
|
|
June 30, |
|
|
|
2021 |
|
|
2020
|
|
|
2020 |
|
Income tax expense (benefit) attributable to:
|
|
|
|
|
|
|
|
|
|
|
Federal
|
|
$ |
(6,692,267 |
) |
|
$
|
(3,560,998
|
) |
|
$ |
(3,255,706 |
) |
State, net of federal benefit
|
|
|
(672,148 |
) |
|
|
(553,871
|
) |
|
|
(862,690 |
) |
Foreign tax rate differential |
|
|
(138,292 |
) |
|
|
29,617 |
|
|
|
(2,645 |
) |
Permanent differences |
|
|
2,428,631 |
|
|
|
1,263,151 |
|
|
|
312,525 |
|
Rate change |
|
|
54,295 |
|
|
|
60,220 |
|
|
|
— |
|
Changes in valuation allowance
|
|
|
3,361,603 |
|
|
|
2,762,081
|
|
|
|
3,884,440 |
|
Provision to return adjustment |
|
|
273,489 |
|
|
|
— |
|
|
|
(45,134 |
) |
Losses from flow-through entity not subject to tax
|
|
|
— |
|
|
|
—
|
|
|
|
— |
|
Deferred True-Ups |
|
|
(928,743 |
) |
|
|
— |
|
|
|
— |
|
Other adjustments
|
|
|
51,207 |
|
|
|
—
|
|
|
|
195 |
|
Effective income tax expense (benefit) |
|
$ |
(2,262,225 |
) |
|
$ |
200 |
|
|
$ |
30,985 |
|
|
|
December 31,
|
|
|
December 31,
|
|
|
|
2021 |
|
|
2020
|
|
Noncurrent deferred tax assets:
|
|
|
|
|
|
|
Employee compensation
|
|
$ |
820,410 |
|
|
$
|
679,106
|
|
Debt issuance costs |
|
|
138,778 |
|
|
|
343,612 |
|
Revenue recognition |
|
|
105,735 |
|
|
|
— |
|
Settlement accrual |
|
|
146,604 |
|
|
|
182,896 |
|
Fixed assets |
|
|
242,006 |
|
|
|
831,196 |
|
Federal and state net operating loss
|
|
|
10,673,908 |
|
|
|
6,337,897
|
|
Foreign net operating loss |
|
|
4,904,857 |
|
|
|
2,586,671 |
|
Other
|
|
|
225,340 |
|
|
|
27,410
|
|
Total deferred tax assets
|
|
$ |
17,257,638 |
|
|
$
|
10,988,788
|
|
|
|
|
|
|
|
|
|
|
Noncurrent deferred tax liabilities: |
|
|
|
|
|
|
|
|
Fixed assets |
|
|
— |
|
|
|
— |
|
Intangibles
|
|
|
(6,051,459 |
) |
|
|
(2,717,717 |
) |
Deferred tax liabilities
|
|
$ |
(6,051,459 |
) |
|
$ |
(2,717,717 |
) |
Valuation allowance
|
|
|
(11,881,470 |
) |
|
|
(8,271,071
|
) |
Deferred taxes after valuation allowance
|
|
$ |
(675,291 |
) |
|
$
|
—
|
|
|