Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

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)	2021			2020
Current:
Federal	$	—		$	—
State		16			129
Total current		16			129
Deferred:
Federal		(1,892	)		47
State		(135	)		4
Total deferred		(2,027	)		51
Provision for (benefit from) income taxes	$	(2,011	)	$	180

Variations from Federal Statutory Rate

Variations from the federal statutory rate are as follows:

	For the Years Ended December 31,
(in thousands)	2021			2020
Expected federal income tax benefit at statutory rate   of 21% in 2021 and 2020	$	361		$	147
Effect of permanent other differences		3			239
Effect of acquired intangible assets from business combination		(2,079	)		—
Return to provision adjustments		58			134
State income tax expense (benefit), net of federal benefit tax assets		30			10
Valuation allowance		(384	)		(350	)
Provision for (benefit from) income taxes	$	(2,011	)	$	180

Components of Net Accumulated Deferred Income Tax Assets (Liabilities)

	As of December 31,
(in thousands)	2021			2020
Deferred tax assets (liabilities):
Stock-based compensation	$	1,299		$	1,065
Depreciation and amortization		(3,319	)		(1,111	)
Section 181 qualified production expense		—			(3,960	)
Net operating loss carryforward		16,427			20,791
Charitable carryforward		15			118
Right of use lease asset		(1,771	)		—
Long-term lease		1,628			—
Other		446			417
Tax credits		300			276
Valuation allowance		(15,334	)		(17,853	)
Total deferred tax liabilities, net of valuation allowance	$	(309	)	$	(257	)

Source of Income Before Income Taxes

The source of income before income taxes are as follows:

(in thousands)	2021		2020
Domestic	$	1,720	$	699