Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Taxes

Schedule of components of income tax expense

	2021			2020
Current:
Federal	$	632		$	307
State		186			84
Foreign		109			21
Total Current		927			412
Deferred:
Federal		(40	)		283
State		(7	)		50
Foreign		(59	)		(21	)
Total Deferred		(106	)		312
Total expense for income taxes	$	821		$	724

Schedule of effective income tax rate reconciliation

	2021						2020
	Amount			Percentage			Amount			Percentage
Federal statutory tax rate	$	864			21.0	%	$	594			21.0	%
State tax rate		139			3.4	%		117			4.1	%
Permanent difference - stock-based compensation		(55	)		(1.3	)%		29			1.1	%
Permanent difference - other		(83	)		(2.0	)%		16			0.5	%
Foreign tax credit generated		(55	)		(1.3	)%		(15	)		(0.5	)%
Tax on foreign earnings - tax reform		55			1.3	%		17			0.6	%
Foreign rate differential		13			0.3	%		(2	)		(0.1	)%
FDII Deduction		(57	)		(1.3	)%		(32	)		(1.1	)%
Total	$	821			20.1	%	$	724			25.6	%

Schedule of deferred tax assets and liabilities

	2021			2020			Change
Assets:
Deferred revenue	$	89		$	24		$	65
Allowance for doubtful accounts		152			149			3
Stock options		88			108			(20	)
Transaction costs		44			46			(2	)
Other		80			138			(58	)
Total deferred tax asset		453			465			(12	)
Liabilities
Prepaid expenses		(5	)		(15	)		10
Basis difference in fixed assets		(174	)		(188	)		14
Capitalized software		(50	)		-			(50	)
Purchase of intangibles		(400	)		(459	)		59
Total deferred tax liability		(629	)		(662	)		33
Total net deferred tax asset / (liability)	$	(176	)	$	(197	)	$	21