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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision for Continuing Operations

The following table summarizes the components of the provision for (benefit from) income tax (in thousands):

			Year Ended December 31,
			2021						2020
Current:
Federal			$	—					$	—
State			104						—
Total current taxes			104						—
Deferred:
Federal			358						(143)
State			1,302						(26)
Total deferred taxes			1,660						(169)
Other:
Valuation allowance			(12,981)						194
Provision for (benefit from) income taxes			$	(11,217)					$	25

Reconciliation of Statutory Federal Income Tax Rate

The following table presents a reconciliation the statutory federal income tax rate to the Company's effective income tax rate:

			Year Ended December 31,
			2021						2020
Federal statutory rate			21.00		%				21.00		%
State income taxes, net of federal benefit			5.17		%				4.93		%
Permanent differences			(1.08)		%				(22.16)		%
Return to provision			0.00		%				0.79		%
Change in valuation allowance			(266.00)		%				8.25		%
Change in state tax rate			(0.26)		%				(13.16)		%
Other			8.55		%				1.50		%
Effective tax rate			(232.62)		%				1.15		%

Components of Deferred Tax Assets and Liabilities

The following table summarizes the components of the Company's deferred tax assets and liabilities (in thousands):

			December 31,
			2021						2020
Deferred tax assets:
Net operating loss and tax credit carryforwards			$	34,773					$	37,899
Stock-based compensation			485						648
Investment in affiliates			1,335						1,192
Right of use lease liability			1,935						2,057
Bonus accrual			917						—
Depreciation and amortization			—						37
Goodwill amortization			362						—
Other			—						9
Valuation allowance			(26,599)						(39,708)
Total deferred tax assets			13,208						2,134
Deferred tax liabilities:
Right of use lease asset			(1,904)						(2,052)
Depreciation and amortization			(4)						—
Goodwill amortization			—						(103)
Total deferred tax liabilities			(1,908)						(2,155)
Net deferred income tax assets (liabilities)1			$	11,300					$	(21)

1 2020 amount is included in accounts payable and accrued liabilities on the consolidated balance sheet

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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=121826272&loc=d3e32639-109319

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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=121826272&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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