Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.22.1
Income Taxes (Tables)
12 Months Ended
Jan. 31, 2022
Income Taxes  
Schedule Of Income Tax Provision

Current

 

 

 

Federal

 

$ 362

 

State

 

 

77

 

Total Current

 

 

439

 

Deferred

 

 

 

 

Federal

 

 

327

 

State

 

 

69

 

Total Deferred

 

 

396

 

Total Provision

 

$ 835

 

Schedule Of Net Deferred Tax Liability

Stock compensation

 

$ 406

 

Total deferred tax assets

 

 

406

 

Less valuation allowance

 

 

-

 

Net deferred tax asset

 

 

406

 

 

 

 

 

 

Fixed assets

 

 

(116 )

Crypto fair value adjustments

 

 

(536 )

Intangibles

 

 

(371 )

Total deferred tax liabilities

 

 

(1,023 )

 

 

 

 

 

Net deferred tax liability

 

$ (617 )

 

 

 

 

 

Net change in valuation allowance

 

$ -

 

Schedule Of Reconciliation Of Income Taxes

Income before taxes

 

$ 3,152

 

 

 

 

 

 

 

 

 

 

 

 

Statutory rate in U.S.

 

 

 

 

 

 

21.00 %

 

 

 

 

 

 

 

 

 

Tax expense at the statutory tax rate

 

 

662

 

 

 

21.00 %

Permanent differences

 

 

69

 

 

 

2.19 %

State taxes

 

 

116

 

 

 

3.68 %

Return to provision true up

 

 

(12 )

 

(0.35%)

 

Tax on income

 

 

835

 

 

 

26.52 %