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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Components Of Provision For Income Taxes | Components of income tax expense (benefit) are as follows:
(In thousands) | December 31, 2021 |  | December 31, 2020 |  |
Current: |  |  |  |  |
Federal | $ | 217 |  |  | $ | (3,682) |  |  |
State | 54 |  |  | (120) |  |  |
Foreign | 109 |  |  | (37) |  |  |
| 380 |  |  | (3,839) |  |  |
Release of valuation allowance due to CARES Act | — |  |  | (3,664) |  |  |
| 380 |  |  | (7,503) |  |  |
Deferred: |  |  |  |  |
Federal | (2,518) |  |  | (25) |  |  |
State | (613) |  |  | (1,004) |  |  |
| (3,131) |  |  | (1,029) |  |  |
Valuation allowance | 3,131 |  |  | 1,029 |  |  |
Total income tax expense (benefit) | $ | 380 |  |  | $ | (7,503) |  |  |
Statutory Federal Income Tax Rate | Below is a reconciliation of the statutory federal income tax rate to the Company's effective tax rate:
| Year Ended December 31,
| 2021 |  | 2020 |  |
Federal tax provision | 21.0 | % |  | 21.0 | % |  |
State taxes (net of federal benefit) | 3.8 | % |  | 5.1 | % |  |
Valuation allowance | (21.1) | % |  | (5.3) | % |  |
Incentive stock compensation expense | (1.8) | % |  | (1.7) | % |  |
Section 162(m) compensation | (3.8) | % |  | — | % |  |
GILTI | (1.2) | % |  | — | % |  |
NOL carryback from CARES Act | — | % |  | 18.9 | % |  |
Other | 0.5 | % |  | 0.7 | % |  |
Total | (2.6) | % |  | 38.7 | % |  |
Deferred Tax Assets (Liabilities) | Major components of the Company’s deferred tax assets (liabilities) are as follows:
(In thousands) | December 31, 2021 |  | December 31, 2020 |  |
Deferred tax assets: |  |  |  |  |
Loss and credit carryforwards | $ | 4,256 |  |  | $ | 1,888 |  |  |
Stock-based compensation | 1,701 |  |  | 1,603 |  |  |
Accrued bonus | 555 |  |  | — |  |  |
Other | 886 |  |  | 745 |  |  |
Total deferred tax assets | 7,398 |  |  | 4,236 |  |  |
Valuation allowance | (6,968) |  |  | (3,837) |  |  |
Total deferred tax assets, net of valuation allowance | 430 |  |  | 399 |  |  |
Deferred tax liabilities: |  |  |  |  |
Property and equipment | (205) |  |  | (278) |  |  |
Other | (225) |  |  | (121) |  |  |
Total deferred tax liabilities | (430) |  |  | (399) |  |  |
Net deferred tax assets | $ | — |  |  | $ | — |  |  |
Unrecognized Tax Benefits Roll-Forward | The following is a roll-forward of the Company's total gross unrecognized tax benefits, not including interest and penalties, for the years ended December 31:
(in thousands) |  | Gross Unrealized Tax Benefits
|  | 2021 |  | 2020
Beginning of year balance |  | $ | 1,313 |  |  | $ | 1,313 |
Additions of tax positions related to the current year |  | — |  |  | — |
Additions of tax positions related to the prior year |  | — |  |  | — |
Decreases for tax positions related to prior year |  | — |  |  | — |
End of year balance |  | $ | 1,313 |  |  | $ | 1,313 |

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