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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense

The components of income tax expense are as follows for the years ended December 31, 2021 and 2020 (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

Current:

 

 

 

 

 

 

Federal

$

 

 

$

 

 

State

 

 

50

 

 

 

27

 

Total current

 

 

50

 

 

 

27

 

Total provision for income taxes

$

 

50

 

$

 

27

 

 

Schedule Of Effective Income Tax Rate Reconciliation

A reconciliation of the income tax expense to the amount computer by applying the statutory federal income tax rate to income before tax are as follows for the years ended December 31, 2021 and 2020 (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

Income taxes (benefit) at statutory rates

$

 

(3,061

)

$

 

(1,456

)

State taxes, net of federal benefit

 

 

(375

)

 

 

(282

)

Nondeductible expenses

 

 

(348

)

 

 

92

 

Nondeductible officers' compensation

 

 

182

 

 

 

 

Change in valuation allowance

 

 

3,967

 

 

 

1,388

 

Change in state rate

 

 

(145

)

 

 

106

 

Other

 

 

(170

)

 

 

179

 

Income tax provision

$

 

50

 

$

 

27

 

Schedule Of Deferred Tax Assets And Liabilities

Deferred income tax assets and liabilities are comprised of the following as of December 31, 2021 and 2020 (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

Deferred tax assets:

 

 

 

 

 

 

Net operating loss carryforwards

$

 

16,450

 

$

 

13,009

 

Interest expense carryforwards

 

 

956

 

 

 

736

 

Other

 

 

1,013

 

 

 

707

 

Total gross deferred tax assets

 

 

18,419

 

 

 

14,452

 

Valuation allowance

 

 

(18,419

)

 

 

(14,452

)

Net deferred tax assets

$

 

 

$