Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Summary of Change in Valuation Allowance

The following table summarizes the change in the valuation allowance during 2018 and 2019 (in thousands):

Balance at December 31, 2017	$	29,932
Change during 2018		(999	)
Balance at December 31, 2018		28,933
Change during 2019		(11,294	)
Balance at December 31, 2019	$	17,639

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):

	2019			2018
Expected federal statutory tax expense	$	625		$	963
Increase (reduction) in taxes resulting from:
State income taxes recoverable		258			198
Non-deductible expenses (permanent differences)		(15	)		42
Change in valuation allowance		(11,294	)		(999	)
Tax rate changes		9,522			(256	)
Other		(9	)		322
Income tax (benefit) expense	$	(913	)	$	270

Schedule of Deferred Tax Assets and Liabilities

The components of the deferred tax assets and liabilities as of December 31, 2019 and 2018 are as follows in (thousands):

	2019			2018
Net operating loss carry forwards	$	18,535		$	28,573
Stock based compensation		921			763
Trade names		(817	)		(763	)
Customer relationships		(59	)		(106	)
Equity method investments		(497	)		—
Other		(72	)		(118	)
Gross deferred tax assets		18,011			28,349
Less: valuation allowance		(17,639	)		(28,933	)
Deferred tax assets (liabilities), net of valuation allowance	$	372		$	(584	)