Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes [Abstract]

Schedule of (benefit from) income taxes

	Year Ending December 31,
	2022			2021
Current
Federal	$	(749,000	)	$	1,084,000
State and local		104,000			114,000
Total Current		(645,000	)		1,198,000
Deferred
Federal	$	(305,000	)		96,000
State and local		(350,000	)		427,000
Total Deferred		(655,000	)		523,000
Total Provision for (benefit from) income taxes	$	(1,300,000	)	$	1,721,000

Schedule of U.S. federal statutory income tax rate

	Year Ending December 31,
	2022			2021
Federal statutory income tax rate		21.0	%		21.0	%
Tax amortization of intangible assets		6.5	%		(4.1	%)
Non-deductible fines and penalties		—	%		0.8	%
Share based compensation		—	%		1.0	%
Permanent differences		(6.1	%)		0.8	%
State and local taxes, net of federal benefit		9.4	%		5.6	%
Change in valuation allowance		2.0	%		(—	%)
Other		(2.5	%)		(0.4	%)
Effective tax rate		30.3	%		25.5	%

Schedule of Deferred Tax Assets Liabilities

	As of December 31,
	2022			2021
Deferred tax assets:
Net operating losses	$	5,023,000		$	5,437,000
Lease liabilities		648,000			749,000
Share-based compensation		—			—
Investment in Tigress		775,000			—
Investment in RISE		10,000			140,000
Accrued compensation		—			62,000
Other		45,000			13,000
Subtotal		6,501,000			6,401,000
Less: valuation allowance		(978,000	)		(1,070,000	)
Total Deferred tax assets	$	5,523,000		$	5,331,000
Deferred tax liabilities:
Fixed assets	$	(1,126,000	)	$	(892,000	)
Share-based compensation		—			(145,000	)
Total Deferred tax liabilities		(1,126,000	)		(1,037,000	)
Net Deferred tax assets	$	4,397,000		$	4,294,000

Schedule of beginning and ending amount of unrecognized tax benefits

	Amount
Balance as of December 31, 2020	$	1,105,000
Additions for tax positions taken during current year		1,315,000
Additions for tax positions taken during prior year		—
Reductions for tax positions taken during prior years		(2,000	)
Settlements		—
Expirations of statutes of limitations		—
Balance as of December 31, 2021	$	2,418,000
Additions for tax positions taken during current year		—
Additions for tax positions taken during prior year		12,000
Reductions for tax positions taken during prior years		(834,000	)
Settlements		—
Expirations of statutes of limitations		—
Balance as of December 31, 2022	$	1,596,000