Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes

Schedule of components of income tax expense

	2023			2022
Current:
Federal	$	743		$	688
State		274			172
Foreign		(40	)		142
Total Current		977			1,002
Deferred:
Federal		(369	)		(202	)
State		(53	)		(37	)
Foreign		(12	)		(39	)
Total Deferred		(434	)		(278	)
Total expense for income taxes	$	543		$	724

Schedule of effective income tax rate reconciliation

	2023						2022
	Amount			Percentage			Amount			Percentage
Federal statutory tax rate	$	275			21.0	%	$	558			21.0	%
State tax rate		113			8.6	%		114			4.2	%
Permanent difference – stock-based compensation		57			4.0	%		25			1.0	%
Permanent difference – other		23			1.5	%		38			1.4	%
Foreign tax credit generated		(32	)		(2.3	)%		(96	)		(3.6	)%
Tax on foreign earnings – tax reform		32			2.3	%		96			3.6	%
Foreign rate differential		(8	)		(0.5	)%		15			0.6	%
FDII Deduction		(23	)		(1.6	)%		(26	)		(1.0	)%
Other		106			7.4	%		—			—
Total	$	543			41.5	%	$	724			27.2	%

Schedule of deferred tax assets and liabilities

	2023			2022			Change
Assets:
Deferred revenue	$	80		$	29		$	51
Allowance for doubtful accounts		311			185			126
Stock options		338			151			187
Transaction costs		69			41			28
IRC Section 174 capitalized costs		510			216			294
ROU lease liability		293			427			(134	)
Other		19			10			9
Total deferred tax asset		1,620			1,059			561
Liabilities
Prepaid expenses		(1	)		—			(1	)
Basis difference in fixed assets		(149	)		(155	)		6
Capitalized software		(20	)		(35	)		15
ROU Assets		(260	)		(393	)		133
Purchase of intangibles		(1,268	)		(1,048	)		(220	)
Other		(61	)		—			(61	)
Total deferred tax liability		(1,759	)		(1,631	)		(128	)
Total net deferred tax asset / (liability)	$	(139	)	$	(572	)	$	433