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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
The components of loss before income taxes are summarized below: | The components of loss before income taxes are summarized below:
|  | Year Ended Decmber 31, |
|  | 2021 |  |  | 2020 |
Loss before income taxes |  |  |  |  |  |  |  |
U.S. operations |  | $ | (2,183 | ) |  | $ | (2,981 | )
Loss before income taxes |  | $ | (2,183 | ) |  | $ | (2,981 | )
The components of the income tax provision were as follows | The components of the income tax provision were as follows:
|  | Year Ended Decmber 31, |
|  | 2021 |  |  | 2020 |
Current |  |  |  |  |  |
State |  | $ | (16 | ) |  | $ | 5 |
Total income tax provision |  | $ | (16 | ) |  | $ | 5 |
A reconciliation from the statutory U.S. income tax rate and the Company’s effective income tax rate, as computed on loss before taxes, is as follows: | A reconciliation from the statutory U.S. income tax rate and the Company’s effective income tax rate, as computed on loss before taxes, is as follows:
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |
Federal income tax at statutory rate |  | $ | (459 | ) |  | $ | (626 | )
State and local income tax, net |  |  | (108 | ) |  |  | (120 | )
Other permanent items |  |  | (379 | ) |  |  | 5 |
Expired foreign tax credits |  |  | 178 |  |  |  | — |
Valuation allowance |  |  | 611 |  |  |  | 748 |
True-up |  |  | 143 |  |  |  | — |
Other |  |  | (2 | ) |  |  | (2 | )
Total |  | $ | (16 | ) |  | $ | 5 |
The net deferred income tax asset (liability) was comprised of the following: | The net deferred income tax asset (liability) was comprised of the following:
|  | December 31, |
|  | 2021 |  |  | 2020 |
Noncurrent deferred income taxes |  |  |  |  |  |  |  |
Total assets |  | $ | 82 |  |  | $ | 68 |
Total liabilities |  |  | (82 | ) |  |  | (68 | )
Net noncurrent deferred income tax asset |  |  | — |  |  |  | — |
Net deferred income tax asset |  | $ | — |  |  | $ | — |
The tax effect of temporary differences between GAAP accounting and federal income tax accounting creating deferred income tax assets and liabilities were as follows: | The tax effect of temporary differences between GAAP accounting and federal income tax accounting creating deferred income tax assets and liabilities were as follows:
|  | December 31, |
|  | 2021 |  |  | 2020 |
Deferred tax assets |  |  |  |  |  |  |  |
U.S. net operating loss carry forward |  | $ | 2,600 |  |  | $ | 1,367 |
Non-deductible reserves |  |  | 1,390 |  |  |  | 1,609 |
Tax credits |  |  | 4,454 |  |  |  | 4,631 |
Fixed assets |  |  | 24 |  |  |  | 15 |
Intangibles |  |  | 1,738 |  |  |  | 1,959 |
Valuation allowance |  |  | (10,124 | ) |  |  | (9,513 | )
Net deferred tax assets |  |  | 82 |  |  |  | 68 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Fixed assets |  |  | (45 | ) |  |  | (28 | )
Other |  |  | (37 | ) |  |  | (40 | )
Net deferred tax liabilities |  |  | (82 | ) |  |  | (68 | )
Deferred asset, net |  | $ | — |  |  | $ | — |

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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 + 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=121826272&loc=d3e32537-109319 + Details
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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 + Details
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