Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Provision for Income Taxes

Our provision for income taxes is comprised of the following:

	For the Years Ended December 31,
(in thousands)	2020		2019
Current:
Federal	$	—	$	—
State		129		7
Total current		129		7
Deferred:
Federal		47		36
State		4		2
Total deferred		51		38
Total income tax expense	$	180	$	45

Variations from Federal Statutory Rate

Variations from the federal statutory rate are as follows:

	For the Years Ended December 31,
(in thousands)	2020			2019
Expected federal income tax benefit at statutory rate   of 21% in 2020 and 2019	$	147		$	(3,748	)
Effect of permanent other differences		239			6
Return to provision adjustments		134			79
State income tax expense (benefit), net of federal benefit tax assets		10			(268	)
Valuation allowance		(350	)		3,976
Total income tax expense	$	180		$	45

Components of Net Accumulated Deferred Income Tax Assets (Liabilities)

	As of December 31,
(in thousands)	2020			2019
Deferred tax assets (liabilities):
Stock-based compensation	$	1,065		$	1,305
Depreciation and amortization		(1,111	)		(825	)
Section 181 qualified production expense		(3,960	)		(4,668	)
Net operating loss carryforward		20,791			21,212
Charitable carryforward		118			156
Other		417			542
Tax credits		276			276
Valuation allowance		(17,853	)		(18,204	)
Total deferred tax liabilities, net of valuation allowance	$	(257	)	$	(206	)

Source of Income (Loss) Before Income Taxes

The source of income (loss) before income taxes are as follows:

(in thousands)	2020		2019
Domestic	$	699	$	(17,847	)