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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Summary of Change in Valuation Allowance | The following table summarizes the change in the valuation allowance during 2019 and 2020 (in thousands):
Balance at December 31, 2018 |  | $ | 28,933 |
Change during 2019 |  |  | (11,294 | )
Balance at December 31, 2019 |  |  | 17,639 |
Change during 2020 |  |  | (4,542 | )
Balance at December 31, 2020 |  | $ | 13,097 |
Schedule of Components of Income Tax Expense (Benefit) | The reported tax expense varies from the amount that would be provided by applying the statutory U.S. Federal income tax rate to the income before income tax expense for the following reasons in each of the years ending December 31 (in thousands):
|  | 2020 |  |  | 2019 |
Expected federal statutory tax expense |  | $ | 1,263 |  |  | $ | 625 |
Increase (reduction) in taxes resulting from: |  |  |  |  |  |  |  |
State income taxes recoverable |  |  | 388 |  |  |  | 258 |
Non-deductible expenses (permanent differences) |  |  | (193 | ) |  |  | (15 | )
Change in valuation allowance |  |  | (4,542 | ) |  |  | (11,294 | )
Tax rate changes |  |  | (599 | ) |  |  | 9,522 |
Other |  |  | 39 |  |  |  | (9 | )
Income tax benefit |  | $ | (3,644 | ) |  | $ | (913 | )
Schedule of Deferred Tax Assets and Liabilities | The components of the net deferred tax assets as of December 31, 2020 and 2019 are as follows in (thousands):
|  | 2020 |  |  | 2019 |
Net operating loss carry forwards |  | $ | 17,623 |  |  | $ | 18,535 |
Stock based compensation |  |  | 1,007 |  |  |  | 921 |
Trade names and customer relationships |  |  | (805 | ) |  |  | (876 | )
Equity method investments |  |  | (478 | ) |  |  | (497 | )
Other |  |  | 152 |  |  |  | (72 | )
Gross deferred tax assets |  |  | 17,499 |  |  |  | 18,011 |
Less: valuation allowance |  |  | (13,097 | ) |  |  | (17,639 | )
Deferred tax assets, net of valuation allowance |  | $ | 4,402 |  |  | $ | 372 |

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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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- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + 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 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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