INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

Components of provision for income taxes

Components of the provision for income taxes from continuing operations are as follows:



(In thousands)	December 31, 2019			December 31, 2018 as Restated			December 31, 2017
Current:
Federal	$	(12	)	$	(3,073	)	$	—
State	(205		)	(884		)	22
Foreign	87			20			17
	(130		)	(3,937		)	39
Deferred:
Federal	(3,989		)	(171		)	1,581
State	(741		)	7			(401		)
	(4,730		)	(164		)	1,180

Valuation allowance	4,730			194			(1,375		)

Total provision for income tax from continuing operations	$	(130	)	$	(3,907	)	$	(156	)

Statutory federal income tax rate

Below is a reconciliation of the statutory federal income tax rate to our effective tax rate:



	Year Ended December 31,
	2019		2018		2017
Federal tax provision	21.0	%	21.0	%	34.0	%
State taxes (net of federal benefit)	4.3	%	5.6	%	4.8	%
Warrant gains	—	%	—	%	0.4	%
Valuation allowance	(23.8	)%	(1.3	)%	28.9	%
Change in federal tax rate	—	%	—	%	(71.2	)%
Other	(0.8	)%	1.3	%	6.2	%
Total	0.7	%	26.6	%	3.1	%

Deferred tax assets (liabilities)

Major components of the Company’s deferred tax assets (liabilities) are as follows:



(In thousands)	December 31, 2019			December 31, 2018 as Restated			December 31, 2017
Deferred tax assets:
Loss and credit carry-forwards	$	4,779		$	—		$	7,722
Stock-based compensation	1,004			721			549
Inventory Reserve	99			115			494
Intangibles	34			146			—
Other	1,000			910			178
Total deferred tax assets	6,916			1,892			8,943
Valuation allowance	(6,472		)	(1,742		)	(8,756		)
Total deferred tax assets, net of valuation allowance	444			150			187
Deferred tax liabilities:
State taxes (capital)	—			—			(17		)
Property and equipment	(245		)	(150		)	(294		)
Intangibles	—			—			(244		)
Lease right-of-use assets	(199		)	—			—
Total deferred tax liabilities	(444		)	(150		)	(555		)
Net deferred tax liabilities	$	—		$	—		$	(368	)

Unrecognized tax benefits roll-forward

The following is a roll-forward of the Company's total gross unrecognized tax benefits, not including interest and penalties, for the year ended December 31, 2019.



(in thousands)	Gross Unrealized Tax Benefits
Balance at January 1, 2019	$	1,313
Additions of tax positions related to the current year	—
Additions of tax positions related to the prior year	—
Decreases for tax positions related to prior year	—
Balance at December 31, 2019	$	1,313