Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes

Schedule of components of income tax expense (benefit)

	December 31,
	2022			2021
Federal:
Current	$	(63	)	$	1,574
Deferred		212			(382	)
		149			1,192
State:
Current		78			456
Deferred		(82	)		(124	)
		(4	)		332
	$	145		$	1,524

Schedule of effective income tax rate reconciliation

	December 31,
	2022					2021
Income taxes at statutory rate	$	199		21.0	%	$	1,910		21.0	%
Increase (decrease) in taxes resulting from:
State income taxes, net of federal benefit		(22	)	(2.3	)%		267		2.9	%
Stock Compensation		(11	)	(1.2	)%		(63	)	(0.7	)%
Deferred true-ups		—		0.0	%		17		0.2	%
Provision-to-return		(2	)	(0.2	)%		5		0.1	%
CARES Act Benefit		—		—	%		(4	)	(0.1	)%
PPP Loan Forgiveness		—		—	%		(565	)	(6.2	)%
Other		(19	)	(1.9	)%		(43	)	(0.4	)%
	$	145		15.4	%	$	1,524		16.8	%

Schedule of deferred tax assets (liabilities)

	December 31,
	2022			2021
Deferred tax assets:
Net operating loss carryforwards	$	319		$	51
Allowance for doubtful accounts		180			109
Accrued vacation		59			61
Deferred buy-back asset		—			942
Deferred income		768			774
Right-of-use asset		28			53
Other		118			102
Gross deferred tax assets		1,472			2,092
Deferred tax liabilities:
Retainage		(240	)		(284	)
Deferred buy-back obligation		—			(846	)
Fixed assets		(3,195	)		(2,770	)
Prepaid expenses		(76	)		(72	)
Amortization - intangibles		(14	)		(16	)
Realized gain loss		(4	)		(6	)
Lease liability		(28	)		(53	)
Gross deferred tax liabilities		(3,557	)		(4,047	)
Net deferred tax liability	$	(2,085	)	$	(1,955	)