Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision (benefit) for income taxes, in the consolidated statements of operations are as follows (in thousands):

	For the years ended
	December 31, 2021			December 31, 2020
Continuing Operations
Current
Federal	$	-		$	-
State		1,318			12
	$	1,318		$	12
Deferred
Federal		(1,511	)		-
State		(775	)		-
	$	(2,286	)	$	-
Income taxes from continuing operations	$	(968	)	$	12

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory federal income tax expense (benefit) to the effective tax is as follows (in thousands):

	2021			2020
Statutory Rate - federal	$	1,232		$	(377	)
State taxes, net of federal benefit		366			(31	)
Permanent differences and other		227			159
Income taxes from continuing operations before valuation allowance	$	1,825		$	(249	)
Change in valuation allowance		(2,793	)		261
Income tax expense (benefit)	$	(968	)	$	12
Total	$	(968	)	$	12

Schedule of Deferred Tax Assets and Liabilities

The tax effects of the primary “temporary differences” between values recorded for assets and liabilities for financial reporting purposes and values utilized for measurement in accordance with tax laws giving rise to our deferred tax assets are as follows (in thousands):

	For the years ended
	December 31, 2021			December 31, 2020
Net operating loss and capital loss carryforward	$	3,584		$	5,020
Right of use asset		1,348			1,086
Other		2,531			370
Capital lease obligations		(1,348	)		(1,086	)
Depreciation		(948	)		(419	)
Amortization		(2,989	)		-
Valuation allowance		(2,178	)		(4,971	)
Total		-			-