INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Components Of Provision For Income Taxes

Components of income tax expense (benefit) are as follows:

(In thousands)	December 31, 2021		December 31, 2020
Current:
Federal	$	217	$	(3,682)
State	54		(120)
Foreign	109		(37)
	380		(3,839)
Release of valuation allowance due to CARES Act	—		(3,664)
	380		(7,503)
Deferred:
Federal	(2,518)		(25)
State	(613)		(1,004)
	(3,131)		(1,029)
Valuation allowance	3,131		1,029
Total income tax expense (benefit)	$	380	$	(7,503)

Statutory Federal Income Tax Rate

Below is a reconciliation of the statutory federal income tax rate to the Company's effective tax rate:

	Year Ended December 31,
	2021		2020
Federal tax provision	21.0	%	21.0	%
State taxes (net of federal benefit)	3.8	%	5.1	%
Valuation allowance	(21.1)	%	(5.3)	%
Incentive stock compensation expense	(1.8)	%	(1.7)	%
Section 162(m) compensation	(3.8)	%	—	%
GILTI	(1.2)	%	—	%
NOL carryback from CARES Act	—	%	18.9	%
Other	0.5	%	0.7	%
Total	(2.6)	%	38.7	%

Deferred Tax Assets (Liabilities)

Major components of the Company’s deferred tax assets (liabilities) are as follows:

(In thousands)	December 31, 2021		December 31, 2020
Deferred tax assets:
Loss and credit carryforwards	$	4,256	$	1,888
Stock-based compensation	1,701		1,603
Accrued bonus	555		—
Other	886		745
Total deferred tax assets	7,398		4,236
Valuation allowance	(6,968)		(3,837)
Total deferred tax assets, net of valuation allowance	430		399
Deferred tax liabilities:
Property and equipment	(205)		(278)
Other	(225)		(121)
Total deferred tax liabilities	(430)		(399)
Net deferred tax assets	$	—	$	—

Unrecognized Tax Benefits Roll-Forward

The following is a roll-forward of the Company's total gross unrecognized tax benefits, not including interest and penalties, for the years ended December 31:

(in thousands)	Gross Unrealized Tax Benefits
	2021		2020
Beginning of year balance	$	1,313	$	1,313
Additions of tax positions related to the current year	—		—
Additions of tax positions related to the prior year	—		—
Decreases for tax positions related to prior year	—		—
End of year balance	$	1,313	$	1,313