Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.22.4
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Taxes  
Schedule of deferred tax assets and liabilities

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​

​

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​

December 31,

​

December 31,

​

​

    

2022

    

2021

 

Deferred tax assets:

​

​

​

​

​

​

​

Accruals and reserves

​

$

631

​

$

501

​

Deferred rent credit

​

​

146

​

​

163

​

Depreciation and amortization

​

​

38

​

​

24

​

Total deferred tax assets

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​

815

​

​

688

​

Deferred tax liabilities:

​

​

​

​

​

​

​

Accruals and reserves

​

​

—

​

​

(67)

​

Depreciation and amortization

​

​

(4,604)

​

 

(2,212)

​

Total deferred tax liabilities

​

​

(4,604)

​

​

(2,279)

​

Net deferred tax liabilities

​

$

(3,789)

​

$

(1,591)

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​

Schedule of provision (benefit) for income taxes

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​

​

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​

​

Year ended December 31,

 

​

    

2022

    

2021

 

Current:

​

​

​

​

​

​

​

Federal

​

$

2,694

​

$

1,692

​

State

​

 

622

​

 

572

​

Foreign

​

 

1,254

​

 

674

​

​

​

 

4,570

​

 

2,938

​

Deferred:

​

​

​

​

​

​

​

Federal

​

 

(124)

​

 

(45)

​

State

​

​

(30)

​

​

(12)

​

Foreign

​

 

(381)

​

 

285

​

​

​

 

(535)

​

 

228

​

​

​

$

4,035

​

$

3,166

​

Effective Tax Rate

​

 

24.4

%  

 

25.6

%

​

Schedule of difference between total tax expense and the amount computed by applying the U.S. statutory federal income tax rate to income before income taxes

​

​

​

​

​

​

​

​

​

​

​

Year ended December 31,

 

​

    

2022

    

2021

 

Statutory rate applied to pretax income

​

$

3,472

​

$

2,596

​

State income taxes, net of federal income tax benefit

​

 

468

​

 

442

​

Other permanent items

​

​

156

​

​

19

​

Foreign income taxes over U.S. statutory rate

​

 

137

​

 

(18)

​

Other items

​

 

11

​

 

(36)

​

Adjustment for foreign rate change

​

​

—

​

​

353

​

Dividends

​

​

(9)

​

​

(17)

​

GILTI, net of foreign tax credits

​

​

(50)

​

​

(38)

​

Stock compensation

​

​

(150)

​

​

(135)

​

Income tax expense

​

$

4,035

​

$

3,166

​

​

Schedule of components of income before income taxes

​

​

​

​

​

​

​

​

​

​

​

Year ended December 31,

 

​

    

2022

    

2021

 

United States

​

$

12,968

​

$

9,355

​

Foreign

​

 

3,564

​

 

3,009

​

​

​

$

16,532

​

$

12,364

​

​

Schedule of activity related to unrecognized tax benefits

​

​

​

​

​

​

​

​

​

​

​

    

2021

Balance as of January 1

​

​

​

​

$

49

Additions related to prior period tax positions

​

​

​

​

​

-

Reductions related to settlements with tax authorities

​

​

​

​

​

(49)

Balance as of December 31

​

​

​

​

$

-

​