Income Taxes (Tables)
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12 Months Ended |
Dec. 31, 2025 |
| Income Taxes |
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| Schedule of components of income tax expense (benefit) |
| | DECEMBER 31, | | | | 2025 | | | 2024 | | | | | | | | | Current provision (benefit) | | | | | | | State | | $ | 60,000 | | | $ | 30,000 | | Foreign | | | 31,843 | | | | (20,285 | ) | Total | | | 91,843 | | | | 9,715 | | | | | | | | | | | Deferred provision (benefit) | | | | | | | | | Federal | | | 18,149 | | | | 5,252 | | State | | | 23,824 | | | | 6,001 | | Foreign | | | (35,522 | ) | | | (24,727 | ) | Total | | | 6,451 | | | | (13,474 | ) | | | | | | | | | | Income tax provision (benefit) | | $ | 98,294 | | | $ | (3,759 | ) |
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| Schedule of effective income tax rate reconciliation |
| | DECEMBER 31, 2025 | | | | Amount | | | Percent | | | | | | | | | Tax at federal statutory rate | | $ | (547,411 | ) | | | 21.0 | % | State and local taxes, net of federal benefit (1) | | | (86,566 | ) | | | 3.3 | % | Foreign tax effects | | | | | | | | | Ireland | | | | | | | | | Statutory tax rate differences between Ireland and United States | | | 36,165 | | | | (1.4 | )% | Other | | | 13,538 | | | | (0.5 | )% | Change in valuation allowance | | | 579,733 | | | | (22.2 | )% | Nontaxable / nondeductible items | | | | | | | | | Stock-based compensation | | | (68,227 | ) | | | 2.6 | % | Other items | | | 7,564 | | | | (0.3 | )% | Deferred tax adjustments | | | 163,498 | | | | (6.3 | )% | | | | | | | | | | Income tax benefit | | $ | 98,294 | | | | (3.8 | )% |
| | DECEMBER 31, 2024 | | | | | | Statutory federal income tax rate | | | 21.0 | % | State, net of federal benefit | | | 3.0 | % | Non-deductible expenses | | | 2.0 | % | Valuation allowance | | | (13.1 | )% | Foreign rate differential | | | (2.1 | )% | Return to accrual difference true-ups | | | (19.2 | )% | Other | | | (2.0 | )% | Deferred tax adjustment and true-up | | | 10.6 | % | Combined effective tax rate | | | 0.2 | % |
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| Schedule of deferred tax assets and liabilities |
| | DECEMBER 31, | | | | 2025 | | | 2024 | | Deferred tax assets: | | | | | | | Net operating loss carryforwards | | $ | 12,135,745 | | | $ | 11,743,537 | | Alternative minimum tax credit | | | 45,650 | | | | 45,650 | | Share-based compensation | | | 416,382 | | | | 419,033 | | Depreciation | | | 336,908 | | | | (536,851 | ) | Lease liability | | | 1,603,638 | | | | 1,804,217 | | Other assets | | | 695,140 | | | | 1,082,595 | | | | | | | | | | | Total deferred tax assets | | | 15,233,463 | | | | 14,558,181 | | Less: valuation allowance | | | (12,672,174 | ) | | | (12,160,371 | ) | Total deferred tax assets, net | | | 2,561,289 | | | | 2,397,810 | | | | | | | | | | | Deferred tax liabilities: | | | | | | | | | Goodwill amortization | | | 513,600 | | | | 399,032 | | Intangible amortization | | | 459,831 | | | | 368,934 | | Foreign intangible amortization | | | 172,186 | | | | 223,929 | | Other liabilities | | | 16,127 | | | | 18,351 | | Lease asset | | | 1,398,422 | | | | 1,398,979 | | | | | | | | | | | Total deferred tax liabilities | | | 2,560,166 | | | | 2,409,225 | | | | | | | | | | | Net deferred tax asset (liability) | | $ | 1,123 | | | $ | (11,415 | ) |
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| Summary of valuation allowance |
| | DECEMBER 31, | | | | 2025 | | | 2024 | | | | | | | | | Beginning balance | | $ | (12,160,371 | ) | | $ | (11,930,917 | ) | Increases | | | (511,803 | ) | | | (229,454 | ) | | | | | | | | | | Ending balance | | $ | (12,672,174 | ) | | $ | (12,160,371 | ) |
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| Schedule of income tax paid |
| | Amount | | | | | | Federal | | $ | - | | State | | | 47,500 | | Foreign | | | - | | | | | | | Total | | $ | 47,500 | | | | | | | State | | | | | California | | $ | 2,400 | | District of Columbia | | | 1,600 | | New York | | | 1,500 | | Texas | | | 12,000 | | Virigina | | | 30,000 | | | | | | | Total | | $ | 47,500 | |
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