INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (BENEFIT)

The Company calculates its provision for federal and state income taxes based on current tax law. The provision (benefit) for income taxes consisted of the following (in thousands):

	For the Year Ended December 31,			For the Year Ended December 31,
	2020			2019
Current:
Federal	$	–		$	–
State		–			–
Deferred:
Federal		(593	)		(19,057	)
State		(79	)		(8,595	)
Change in valuation allowance		672			27,652
Total provision (benefit) for income taxes	$	–		$	–

SCHEDULE OF STATUTORY FEDERAL RATE AND PROVISION FOR INCOME TAX

The difference between income taxes computed at the statutory federal rate and the provision for income taxes related to the following (in thousands, except percentages):

	For the Year Ended December 31,						For the Year Ended December 31,
	2020						2019
	Amount			Percent of Pretax Loss			Amount			Percent of Pretax Loss
Tax (benefit) at federal statutory rate	$	(8,999	)		21	%	$	(19,423	)		21	%
State income taxes, net of federal income taxes		(79	)		–	%		(8,595	)		9	%
Effect of warrant liability		(209	)		1	%		–			–	%
Effect of other permanent items		65			–	%		418			–	%
Effect of stock compensation		9,032			(21)	%		129			–	%
Change in valuation allowance		672			(2)	%		27,652			(30)	%
Other		(482	)		1	%		(181	)			%
	$	–			–	%	$	–			–	%

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The components of deferred income tax assets (liabilities) were as follows (in thousands):

	As of December 31,			As of December 31,
	2020			2019
Leases	$	132		$	38
Depreciation and amortization		(784	)		(956	)
Compensation expense not deductible until options are exercised		9,494			18,295
All other temporary differences		488			934
Net operating loss carry forward		41,766			32,113
Less valuation allowance		(51,096	)		(50,424	)
Deferred tax asset (liability)	$	–		$	–