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Income Taxes (FY) (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Taxes [Abstract] |
Provision (Benefit) for Income Taxes | The provision (benefit) for income taxes attributable to income from operations includes the following (in thousands):
|  | For the Years Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Current provision (benefit) |  |  |  |  |  |  |  |  |
Federal |  | $ | 25 |  |  | $ | (29 | ) |  | $ | (86 | )
State |  |  | 68 |  |  |  | (17 | ) |  |  | 29 |
Total current |  |  | 93 |  |  |  | (46 | ) |  |  | (57 | )
Deferred (benefit) provision |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 88 |  |  |  | 15 |  |  |  | (2,622 | )
State |  |  | (285 | ) |  |  | 62 |  |  |  | (88 | )
Total deferred |  |  | (197 | ) |  |  | 77 |  |  |  | (2,710 | )
Total (benefit) provision |  | $ | (104 | ) |  | $ | 31 |  |  | $ | (2,767 | )
Reconciliation of Effective Tax Rate | The provision for income taxes related to operations varies from the amount determined by applying the federal income tax statutory rate to the income or loss before income taxes, exclusive of net income attributable to non-controlling interest. The reconciliation of these differences is as follows:
|  | For the Years Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Computed expected income tax provision |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 34.0 | %
State income taxes, net of federal income tax benefit |  |  | (0.2 | ) |  |  | (20.9 | ) |  |  | 0.9 |
Change in valuation allowance for deferred tax assets |  |  | (8.5 | ) |  |  | 47.7 |  |  |  | (26.9 | )
Cumulative deferred adjustments |  |  | (0.4 | ) |  |  | -- |  |  |  | -- |
Provision to return adjustments |  |  | 0.5 |  |  |  | 1.8 |  |  |  | -- |
Other permanent differences |  |  | (3.7 | ) |  |  | (12.2 | ) |  |  | (1.3 | )
Dividend and accretion on preferred stock |  |  | (12.3 | ) |  |  | (49.9 | ) |  |  | (15.2 | )
FIN 48 liability |  |  | (1.3 | ) |  |  | (4.6 | ) |  |  | (0.9 | )
R&D credit |  |  | 6.5 |  |  |  | 27.7 |  |  |  | 4.6 |
Impact of Tax Act |  |  | -- |  |  |  | (12.5 | ) |  |  | 35.5 |
Other |  |  | -- |  |  |  | -- |  |  |  | 1.5 |
|  |  | 1.6 | % |  |  | (1.9 | )% |  |  | 32.2 | %
Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2019 and 2018 are as follows (in thousands):
|  | December 31, |
|  | 2019 |  |  | 2018 |
Deferred tax assets: |  |  |  |  |  |
Accounts receivable, principally due to allowance for doubtful accounts |  | $ | 185 |  |  | $ | 79 |
Allowance for inventory obsolescence and amortization |  |  | 316 |  |  |  | 281 |
Accrued liabilities not currently deductible |  |  | 1,649 |  |  |  | 1,634 |
Accrued compensation |  |  | 1,655 |  |  |  | 1,206 |
Deferred rent |  |  | 4,808 |  |  |  | 4,750 |
Section 163(j) interest limitation |  |  | 804 |  |  |  | 246 |
Net operating loss carryforwards - federal |  |  | 2,583 |  |  |  | 1,956 |
Net operating loss carryforwards - state |  |  | 796 |  |  |  | 653 |
Federal tax credit |  |  | 1,326 |  |  |  | 983 |
Total gross deferred tax assets |  |  | 14,122 |  |  |  | 11,788 |
Less valuation allowance |  |  | (7,206 | ) |  |  | (6,652 | )
Total deferred tax assets, net of valuation allowance |  |  | 6,916 |  |  |  | 5,136 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Amortization and depreciation |  |  | (2,623 | ) |  |  | (2,237 | )
Unbilled accounts receivable, deferred for tax purposes |  |  | (1,611 | ) |  |  | (955 | )
Goodwill basis adjustment and amortization |  |  | (2,886 | ) |  |  | (2,713 | )
Telos ID basis difference |  |  | (417 | ) |  |  | (49 | )
Total deferred tax liabilities |  |  | (7,537 | ) |  |  | (5,954 | )
Net deferred tax liabilities |  | $ | (621 | ) |  | $ | (818 | )
Components of Valuation Allowance | The components of the valuation allowance are as follows (in thousands):
|  | Balance Beginning of Period |  |  | Additions |  |  | Recoveries |  |  | Balance End of Period |
December 31, 2019 |  | $ | 6,652 |  |  | $ | 554 |  |  | $ | -- |  |  | $ | 7,206 |
December 31, 2018 |  | $ | 7,219 |  |  | $ | -- |  |  | $ | (567 | ) |  | $ | 6,652 |
December 31, 2017 |  | $ | 10,499 |  |  | $ | -- |  |  | $ | (3,280 | ) |  | $ | 7,219 |
Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
|  | 2019 |  |  | 2018 |  |  | 2017 |
Unrecognized tax benefits, beginning of period |  | $ | 648 |  |  | $ | 677 |  |  | $ | 762 |
Gross decreases — tax positions in prior period |  |  | (39 | ) |  |  | (63 | ) |  |  | (127 | )
Gross increases — tax positions in current period |  |  | 101 |  |  |  | 92 |  |  |  | 77 |
Settlements |  |  | (37 | ) |  |  | (58 | ) |  |  | (35 | )
Unrecognized tax benefits, end of period |  | $ | 673 |  |  | $ | 648 |  |  | $ | 677 |

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