Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes

Schedule of components of income tax expense (benefit)

	DECEMBER 31,
	2024			2023
Current provision (benefit)
State	$	30,000		$	30,000
Foreign		(20,285	)		(3,914	)
Total		9,715			26,086
Deferred provision (benefit)
Federal		5,252			57,849
State		6,001			77,519
Foreign		(24,727	)		(28,211	)
Total		(13,474	)		107,157
Income tax provision (benefit)	$	(3,759	)	$	133,243

Schedule of effective income tax rate reconciliation

	DECEMBER 31,
	2024			2023
Statutory federal income tax rate		21.0	%		21.0	%
State, net of federal benefit		3.0	%		4.4	%
Non-deductible expenses		2.0	%		-1.3	%
Valuation allowance		-13.1	%		-23.4	%
Foreign rate differential		-2.1	%		-0.6	%
Return to accrual difference true-ups		-19.2	%		-1.7	%
Other		-2.0	%		-0.8	%
Deferred tax adjustment and true-up		10.6	%		0.2	%
Combined effective tax rate		0.2	%		-2.2	%

Schedule of deferred tax assets and liabilities

	DECEMBER 31,
	2024			2023
Deferred tax assets:
Net operating loss carryforwards	$	11,743,537		$	11,836,460
Alternative minimum tax credit		45,650			45,650
Share-based compensation		419,033			531,179
Intangible amortization		(368,934	)		(334,043	)
Lease liability		1,804,217			1,581,946
Other assets		1,082,595			770,488
Total deferred tax assets		14,726,098			14,431,680
Less: valuation allowance		(12,160,371	)		(11,930,917	)
Total deferred tax assets, net		2,565,727			2,500,763
Deferred tax liabilities:
Goodwill amortization		399,032			366,764
Depreciation		536,851			456,913
Foreign intangible amortization		223,929			276,321
Other liabilities		18,351			15,052
Lease asset		1,398,979			1,402,636
Total deferred tax liabilities		2,577,142			2,517,686
Net deferred tax (liability) asset	$	(11,415	)	$	(16,923	)

Summary of valuation allowance

	DECEMBER 31,
	2024			2023
Beginning balance	$	(11,930,917	)	$	(10,503,243	)
Increases		(229,454	)		(1,427,674	)
Ending balance	$	(12,160,371	)	$	(11,930,917	)