Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The income tax provision from income taxes for December 31, 2021 and 2020 consisted of the following:

	For the Years Ended
(in thousands)	December 31, 2021		December 31, 2020
Current tax provision
U.S. Federal	$	812	$	1,274
State and local	194		1,209
Total current tax provision	1,006		2,483
Deferred tax provision (benefit)
U.S. Federal	1,127		(643)
State and local	630		(658)
Total deferred tax provision (benefit)	1,757		(1,301)
Income tax provision	$	2,763	$	1,182

Schedule of Deferred Tax Assets (Liabilities)

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

	As of As of December 31,
(in thousands)	2021		2020
Deferred tax assets:
Accrued expenses	$	1,328	$	2,096
Allowance for doubtful accounts	68		71
Intangibles	524		784
Goodwill	3,304		3,746
Startup costs	79		91
Stock-based compensation	881		501
Lease liabilities	5,547		5,268
Accrued bonuses and commissions	1,810		2,030
Warrant	—		535
Total deferred tax assets	13,541		15,122
Deferred tax liabilities:
Fixed assets	(3,775)		(3,813)
Right-of-use assets	(5,231)		(4,975)
Debt discounts	—		(155)
Percentage of completion	(205)		(92)
Total deferred tax liabilities	(9,211)		(9,035)
Net deferred tax asset	$	4,330	$	6,087

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,
	2021		2020
Federal statutory income tax rate	21.0	%	21.0	%
State income taxes, net of federal tax effect	7.0	%	6.3	%
Change in uncertain tax benefits	—	%	(0.6)	%
Stock based compensation – restricted stock	(1.1)	%	2.0	%
Return to provision adjustment	1.2	%	(0.7)	%
Permanent differences	1.9	%	1.1	%
Tax credits	(0.8)	%	(2.7)	%
CARES Act carryback	—	%	(9.4)	%
Effective tax rate	29.2	%	17.0	%