Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision (Benefit)

The income tax provision (benefit) from income taxes for December 31, 2020 and 2019 consists of the following:

	For the Years Ended
(in thousands)	December 31, 2020		December 31, 2019
Current tax provision
U.S. Federal	$	1,274	$	69
State and local	1,209		258
Total current tax provision	2,483		327
Deferred tax benefit
U.S. Federal	(643)		(356)
State and local	(658)		(253)
Total deferred tax benefit	(1,301)		(609)
Income tax provision (benefit)	$	1,182	$	(282)

Schedule of Deferred Tax Assets (Liabilities)

The components of deferred tax assets (liabilities) were as follows:

(in thousands)	As of December 31, 2020		As of December 31, 2019
Deferred tax assets:
Accrued expenses	$	2,096	$	850
Allowance for doubtful accounts	71		81
Intangibles	784		987
Goodwill	3,746		4,257
Startup costs	91		101
Percentage of completion	—		105
Stock-based compensation	501		679
Net operating losses and credits	—		841
Interest	—		507
Lease liabilities	5,268		5,960
Accrued bonuses and commissions	2,030		6
Warrant	535		101
Other	—		69
Total deferred tax assets	15,122		14,544
Deferred tax liabilities:
Fixed assets	(3,813)		(3,897)
Right-of-use assets	(4,975)		(5,586)
Debt discounts	(155)		(275)
Percentage of completion	(92)		—
Total deferred tax liabilities	(9,035)		(9,758)
Net deferred tax asset	$	6,087	$	4,786

Schedule of Reconciliation of Federal Statutory Income Tax Rate to Company's Effective Tax Rate

A reconciliation of the federal statutory income tax rate to the Company’s effective tax rate is as follows:

	For the Years Ended
	December 31, 2020		December 31, 2019
Federal statutory income tax rate	21.0	%	21.0	%
State income taxes, net of federal tax effect	6.3	%	0.8	%
Change in uncertain tax benefits	(0.6)	%	(8.0)	%
Stock based compensation – restricted stock	2.0	%	(7.5)	%
Return to provision adjustment	(0.7)	%	4.8	%
Permanent differences	1.1	%	(9.8)	%
Tax credits	(2.7)	%	10.8	%
CARES Act carryback	(9.4)	%	—	%
Other	—	%	1.6	%
Effective tax rate	17.0	%	13.7	%

Schedule of Reconciliation of Unrecognized Tax Benefits

The following is a reconciliation of the beginning and ending unrecognized tax benefits:

	December 31, 2020		December 31, 2019
Balance at beginning of period	$	1,130	$	—
Gross increases in prior period tax positions	—		722
Gross increases in current period tax positions	—		408
Decreases related to prior year tax positions	(1,130)		—
Balance at end of period	$	—	$	1,130