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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Components of Income Tax Benefit (Provision) | The components of the Company’s benefit (provision) for income taxes are as follows (in thousands):
| Year ended December 31,
| 2021 |  | 2020 |  | 2019
Current income tax benefit (expense): |  |  |  |  |
Federal | $ | (99) |  |  | $ | (688) |  |  | $ | — |
State | (239) |  |  | (517) |  |  | (56) |
Foreign | (356) |  |  | (81) |  |  | (49) |
| $ | (694) |  |  | $ | (1,286) |  |  | $ | (105) |
Deferred income tax benefit (expense): |  |  |  |  |
Federal | 912 |  |  | (3,161) |  |  | 2,169 |
State | (415) |  |  | (232) |  |  | 687 |
Foreign | 371 |  |  | 17 |  |  | — |
| 868 |  |  | (3,376) |  |  | 2,856 |
Total benefit (provision) for income taxes | $ | 174 |  |  | $ | (4,662) |  |  | $ | 2,751 |
Schedule of Effective Income Tax Rate Reconciliation |
| Year ended December 31,
| 2021 |  | 2020 |  | 2019
Statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State tax* | 4.7 | % |  | 20.2 | % |  | 42.5 | %
Research and development (R&D) credit | 5.1 | % |  | 2.5 | % |  | 12.6 | %
Rate differentials for controlled foreign corporations (CFCs) and charitable organizations that affect valuation allowance | (1.9) | % |  | 0.6 | % |  | (2.8) | %
Permanent items and others | 1.0 | % |  | 3.5 | % |  | (11.2) | %
Stock-based compensation - federal | 16.5 | % |  | 110.1 | % |  | (13.4) | %
Change in valuation allowance - federal | (18.1) | % |  | — | % |  | 133.2 | %
162(m) limitation | (27.0) | % |  | — | % |  | — | %
Total | 1.3 | % |  | 157.9 | % |  | 181.9 | %
*State taxes include the impact of stock-based compensation expense related to secondary market transactions in 2020
Schedule of Deferred Tax Assets and Liabilities | The components of the net deferred tax assets are as follows (in thousands):
| As December 31,
| 2021 |  | 2020
Deferred tax assets (liabilities): |  |  |
NOL carryforwards | $ | 415 |  |  | $ | 275 |
Tax credit carryforwards | 318 |  |  | 81 |
Accruals and reserves | 169 |  |  | 231 |
Stock-based compensation | 2,364 |  |  | 449 |
Interest expense limitation | 245 |  |  | — |
Lease liabilities | 591 |  |  | 984 |
Charitable contributions | 525 |  |  | — |
Property and equipment | 271 |  |  | (650) |
Capitalized software development costs | (1,524) |  |  | (933) |
ROU assets | (554) |  |  | (935) |
Total | 2,820 |  |  | (498) |
Less: valuation allowance | (2,450) |  |  | — |
Deferred tax assets (liabilities), net | $ | 370 |  |  | $ | (498) |
Schedule of Unrecognized Tax Benefits | A reconciliation of the amount of unrecognized tax benefits is as follows for the years ended December 31, 2021 and 2020 (in thousands):
| Year ended December 31,
| 2021 |  | 2020
Balance as of January 1 | $ | 1,329 |  |  | $ | 1,253 |
Additions based on tax positions related to current year | 336 |  |  | 76 |
Additions based on tax positions of prior year | (9) |  |  | — |
Balance as of December 31 | $ | 1,656 |  |  | $ | 1,329 |

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