INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

The provision (benefit) for income taxes consists of the following (in thousands):

	Successor Company					Predecessor Company
	Year Ended December 31, 2018		Period from February 1, 2017 to December 31, 2017			Period from January 1, 2017 to January 31, 2017			Year Ended December 31, 2016

Current tax provision:
Foreign	$	212	$	164		$	11		$	184
Federal		1,283		-			-			-
State		182		-			-			181
Total Current		1,677		164			11			365

Deferred tax provision (benefit):
Federal		93		596			(1,792	)		4,537
State		98		(226	)		(422	)		(818	)
Total deferred		191		370			(2,214	)		3,719
Total tax provision (benefit):	$	1,868	$	534		$	(2,203	)	$	4,084

Reconciliation Between Income Tax Provision (Benefit) at US Statutory Tax Rate

A reconciliation between the income tax provision (benefit) at the US statutory tax rate and the Company’s income tax provision (benefit) on the consolidated statements of operations and comprehensive (loss) income is below (in thousands):

	Successor Company						Predecessor Company
	Year Ended December 31, 2018			Period from February 1, 2017 to December 31, 2017			Period from January 1, 2017 to January 31, 2017			Year Ended December 31 2016

Loss before income taxes	$	(5,376	)	$	(9,640	)	$	(5,521	)	$	13,484
US statutory tax rate		21	%		34	%		34	%		34	%
Income tax (benefit) expense at statutory rate		(1,129	)		(3,277	)		(1,877	)		4,585
State tax expense (benefit), net of federal		145			(182	)		(279	)		575
Foreign tax rates different from US statutory rate		146			95			(46	)		124
Non-deductible expenses		1,978			3,309			1			(59	)
Write-off of transaction costs		321			-			-			-
Write-off of net operating losses		314			-			-			-
Change in tax rate		76			604			-			(1,070	)
Other		17			(15	)		(2	)		(71	)
Total tax provision (benefit)	$	1,868		$	534		$	(2,203	)	$	4,084

Deferred Tax Assets Liabilities

The following table outlines the principal components of the deferred tax assets and liabilities as of December 31 (in thousands):

	2018			2017
Deferred tax assets
Net operating losses	$	7,567		$	10,583
Allowance for doubtful accounts		287			212
Transaction Costs		-			533
Alternative minimum tax credit		-			272
Interest expense carryforwards		2,525			-
Share-based compensation		294			-
Accrued compensation		281			-
Other		213			72
Total deferred tax assets		11,167			11,672

Deferred tax liabilities
Property and equipment		(1,134	)		(500	)
Intangible assets		(7,766	)		(9,423	)
Total deferred tax liabilities		(8,900	)		(9,923	)

Net deferred tax asset	$	2,267		$	1,749