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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision (benefit) for income taxes for the years ended December 31, 2021 and 2020 consisted of the following:

			Year Ended
			December 31, 2021						December 31, 2020						December 31, 2019
Income Tax Expense (benefit)
Current federal tax expense (benefit)
Federal			$	(115)					$	1,732					$	479
State			949						768						—
Deferred tax (benefit)
Federal			1,473						1,706						(479)
State			136						227						—
Valuation allowance			—						(1,182)						—
Total			$	2,443					$	3,251					$	—

Schedule of Deferred Tax Assets and Liabilities

A summary of deferred tax assets and liabilities as of December 31, 2021 and 2020 is as follows:

			Year Ended
			December 31, 2021						December 31, 2020
Deferred tax assets:
Deferred right to use lease liabilities			11,573						3,249
Stock based compensation			974						757
Inventory reserves			239						236
Warranty reserves			128						146
Accruals and other			1,266						180
			14,180						4,568
Deferred tax liabilities:
Deferred right to use lease assets			(11,147)						(3,147)
Accumulated depreciation and amortization			(5,392)						(2,171)
			(16,539)						(5,318)
Deferred tax asset (liability)			(2,359)						(750)
Valuation Allowance			—						—
Deferred tax asset (liability), net			$	(2,359)					$	(750)

Schedule of Effective Income Tax Rate Reconciliation

The differences between the U.S. Federal statutory income tax rate and the Company’s effective tax rate were as follows for the years ended December 31, 2021 and 2020, and 2019:

			Years Ended December 31,
			2021						2020						2019
Federal statutory tax rate			21		%				21		%				21		%
State and local income taxes (net of federal tax benefit)			7		%				6		%				4		%
			28		%				27		%				25		%
Other			—		%				6		%				—		%
Stock-based compensation			(8)		%				7		%				—		%
Return to provision adjustments			(4)		%				12		%				—		%
Valuation allowance			—		%				(14)		%				(25)		%
			16		%				38		%				—		%

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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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

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-Publisher FASB
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-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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