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Income Taxes | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Income Taxes | Income Taxes The components of income tax expense for the following periods are as follows (in thousands):
|  |  | For the year ended
|  |  | December 31,
|  |  |  |  | 2021 |  | 2020 |  | 2019
Current: |  |  |  |  |  |  |  |  |
Federal |  |  |  |  | $ | — |  |  | $ | (29) |  |  | $ | (29) |
State |  |  |  |  | — |  |  | — |  |  | — |
Current tax expense (benefit) |  |  |  |  | $ | — |  |  | $ | (29) |  |  | $ | (29) |
Deferred: |  |  |  |  |  |  |  |  |
Federal |  |  |  |  | — |  |  | 29 |  |  | 29 |
State |  |  |  |  | — |  |  | — |  |  | — |
Deferred tax expense (benefit) |  |  |  |  | — |  |  | 29 |  |  | 29 |
Total income tax expense (benefit) |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |
The difference between income tax expense and the amount computed by applying the statutory federal income tax rate to the combined income of the Company's TRS before taxes were as follows (dollars in thousands):
| For the year ended
| December 31,
| 2021 |  | 2020 |  | 2019
Book loss before income taxes of the TRS | $ | (24,391) |  |  | $ | (4,838) |  |  | $ | (8,167) |
Statutory rate of 21% for 2018 and after | $ | (5,122) |  |  | $ | (1,016) |  |  | $ | (1,715) |
Effect of state and local income taxes, net of federal tax benefit | (1,049) |  |  | (253) |  |  | (347) |
Permanent adjustments | 8 |  |  | 4 |  |  | 8 |
Change in valuation allowance | 5,977 |  |  | 1,445 |  |  | 2,100 |
Valuation allowance release | — |  |  | — |  |  | — |
Other | 186 |  |  | (180) |  |  | (46) |
Total income tax (benefit) expense | $ | — |  |  | $ | — |  |  | $ | — |
Effective tax rate | — | % |  | — | % |  | — | %
At December 31, 2021 and 2020, the Company had valuation allowances against certain deferred tax assets totaling $13.0 million and $7.1 million, respectively. The increase in valuation allowance was primarily from the increase in the net operating losses incurred during the year. The tax effect of each type of temporary difference and carry forward that gives rise to the deferred tax asset as of December 31, 2021 and 2020 are as follows (in thousands):
| For the year ended
| December 31,
| 2021 |  | 2020
Gross deferred tax assets: |  |  |
Allowance for doubtful accounts | $ | 99 |  |  | $ | 133 |
Accrued compensation | 521 |  |  | 547 |
Net operating loss | 12,427 |  |  | 6,541 |
Gross deferred tax assets | $ | 13,047 |  |  | $ | 7,221 |
Less: Valuation Allowance | $ | (13,047) |  |  | $ | (7,070) |
Total deferred tax assets net of valuation allowance | $ | — |  |  | $ | 151 |
Gross deferred tax liabilities: |  |  |
Total book/tax difference in partnership | $ | — |  |  | $ | (151) |
Gross deferred tax liabilities: | $ | — |  |  | $ | (151) |
Net, deferred tax assets: | $ | — |  |  | $ | — |
As of each reporting date, the Company's management considers new evidence, both positive and negative, that could impact management's view with regard to future realization of net deferred tax assets. The Company's TRS is expecting continued taxable losses in 2021. As of December 31, 2021, the TRS continues to recognize a full valuation allowance equal to 100% of the net deferred tax assets. Management will continue to monitor the need for a valuation allowance. The TRS has income tax NOL carryforwards for Federal and various states of approximately $48.0 million and $48.0 million, respectively. The loss carryforwards begin to expire starting in 2038 for Federal purposes and in 2031 and thereafter for state purposes.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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