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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Composition of Loss from Continuing Operations Before Income Taxes | Composition of loss from continuing operations before income taxes is as follows (in thousands):
|  | Year ended December 31, |
|  | 2020 |  |  | 2019 |
Domestic |  | $ | 76 |  |  | $ | (697 | )
Components of Income Tax Expense | Income tax expense consists of the following (in thousands):
|  | Year ended December 31, |
|  | 2020 |  |  | 2019 |
Current: |  |  |  |  |  |
Federal |  | $ | 16 |  |  | $ | — |
State and local |  |  | 5 |  |  |  | — |
|  |  | 21 |  |  |  | — |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | (16 | ) |  |  | — |
State and local |  |  | (5 | ) |  |  | — |
|  |  | (21 | ) |  |  | — |
Total income tax expense |  | $ | — |  |  | $ | — |
Summary of Reconciliation Between Federal Tax Rate | Set forth below is a reconciliation between the federal tax rate and the Company’s effective income tax rates with respect to continuing operations:
|  | Year ended December 31, |
|  | 2020 |  |  | 2019 |
Statutory Federal rates |  |  | 21 | % |  |  | 21 | %
Increase (decrease) in income tax rate resulting from: |  |  |  |  |  |  |  |
Other, net (primarily permanent differences) |  |  | 12 |  |  |  | (2 | )
Valuation allowance |  |  | (33 | ) |  |  | (19 | )
Effective income tax rates |  |  | — | % |  |  | (— | )%
Schedule of Deferred Tax Assets and Liabilities | Analysis of Deferred Tax Assets and (Liabilities) (in thousands):
|  | As of December 31, |
|  | 2020 |  |  | 2019 |
Deferred tax assets (liabilities) consist of the following: |  |  |  |  |  |
Employee benefits and deferred compensation |  | $ | 1,076 |  |  | $ | 1,040 |
Investments and asset impairments |  |  | 1,818 |  |  |  | 1,818 |
Other temporary differences |  |  | (1,002 | ) |  |  | (871 | )
Net operating loss and capital loss carryforwards |  |  | 15,739 |  |  |  | 15,591 |
|  |  | 17,631 |  |  |  | 17,578 |
Valuation allowance |  |  | (17,631 | ) |  |  | (17,578 | )
Net deferred tax assets |  | $ | — |  |  | $ | — |
Summary of Tax Loss Carryforwards | As of December 31, 2020, the Company had various operating loss carryforwards expiring as follows (in thousands):
Expiration |  | Federal |  |  | Capital Loss |  |  | State |
2023 |  | $ | — |  |  | $ | 556 |  |  | $ | — |
2025 – 2031* |  |  | 2,579 |  |  |  | — |  |  |  | — |
2032 – 2039 |  |  | 63,180 |  |  |  | — |  |  |  | 14,898 |
Unlimited |  |  | 3,882 |  |  |  | — |  |  |  | 1,721 |
Total |  | $ | 69,641 |  |  | $ | 556 |  |  | $ | 16,619 |
* The utilization of a portion of these net operating loss carryforwards is limited due to limits on utilizing net operating loss carryforwards under Internal Revenue Service regulations when or if a change of control were to occur

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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=84230637&loc=d3e32639-109319 + Details
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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=84230637&loc=d3e32537-109319 + Details
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