INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The components of income (loss) before the provision for income taxes are as follows:

$ in thousands	Year Ended December 31, 2021
Domestic	$	(44,526	)
Foreign		454
Total	$	(44,072	)

Schedule of Components of Provision Income Tax Expense

The components of the provision (benefit) for income taxes consist of the following:

$ in thousands	Year Ended December 31, 2021
Current tax provision:
Federal	$	-
State		2,344
Foreign		137
Total current tax provision		2,481
Deferred tax provision:
Federal		203
State		(2,276	)
Foreign		-
Total deferred tax provision (benefit)		(2,073	)
Total provision for income taxes	$	408

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the amounts at U.S. federal statutory tax rate to the Company’s effective tax rate is as follows:

$ in thousands	Year Ended December 31, 2021
Provision at federal statutory rate	$	(9,255	)
State income taxes, net of federal tax benefits		54
Goodwill impairment		8,885
Other, net		724
Provision for income taxes	$	408

Schedule of Deferred income taxes and Liabilities

Deferred income taxes are provided for the tax effect of temporary differences between the financial reporting basis and the tax basis of assets and liabilities. Significant components of the Company’s deferred tax assets (liabilities) are as follows:

$ in thousands	Year Ended December 31, 2021
Deferred tax assets:
Net operating loss carryforwards	$	21,716
Intangibles		268
Stock-based compensation		456
Capitalized costs		9,327
Other		469
Gross deferred tax assets		32,236
Less: valuation allowance		(6,993	)
Deferred tax assets, net		25,243
Deferred tax liabilities:
Investment in partnership		(8,891	)
Property and equipment		(659	)
Other		(635	)
Deferred tax liabilities		(10,185	)
Total net deferred tax assets	$	15,058