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Income Taxes (Tables) | 12 Months Ended
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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 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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