INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of the income tax provision (benefit) from continuing operations for the year ended December 31, 2021 and 2020 are as follows:

	2021		2020
Current
Federal	$	—	$	—
State	880		—
Total current income tax expense	880		—
Deferred
Federal	(21,028)		—
State	(1,517)		—
Total deferred income tax benefit	(22,545)		—
Income tax benefit	$	(21,665)	$	—

Schedule of Deferred Tax Assets and Liabilities

The major components of deferred tax assets and liabilities are as follows:

	2021		2020
Deferred tax assets:
Net operating loss carryforward	$	20,316	$	21,495
Business interest carryforward	2,992		1,651
Stock-based compensation	796		518
Accounts receivable allowance	209		362
Lease liabilities	33,008		1,569
Inventory reserve	290		26
Basis difference in goodwill	—		352
Transaction costs	1,027		—
Accrued liabilities	57		123
Property and equipment	—		373
Total deferred income tax assets	58,695		26,469
Deferred tax liabilities:
Intangibles and goodwill	30,614		—
Right-of-use assets	32,740		1,478
Debt issuance costs amortization	1,173		1,249
Property and equipment	1,754		—
Total deferred tax liabilities	66,281		2,727
Net deferred tax (liabilities) assets before valuation allowance	(7,586)		23,742
Valuation allowance	—		(23,742)
Net deferred taxes	$	(7,586)	$	—

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory U.S. Federal income tax rate of 21% to the Company's effective income tax rate for the years ended December 31, 2021 and 2020 is as follows:

	2021	2020
U.S. Federal statutory rate	21.0%	21.0%
State and local, net of federal benefit	(13.0)%	5.0%
Derivative expense	(5.9)%	—%
Executive compensation	(8.5)%	—%
Other permanent difference	(0.7)%	(1.4)%
Stock-based compensation	0.5%	—%
Valuation allowance	75.6%	(24.6)%
Effective tax rate	69.0%	—%