Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Tax

The provision for income tax for the years ended December 31 is as follows:

	2019			2018
Current (benefit) provision:
Federal	$	(158	)	$	392
State		(33	)		77
Total current (benefit) provision		(191	)		469
Deferred (benefit) provision:
Federal		(264	)		122
State		(58	)		28
Total deferred (benefit) provision		(322	)		150
(Benefit) provision:
Federal		(422	)		514
State		(91	)		105
Total (benefit) provision	$	(513	)	$	619

Schedule of Income Tax Expense at the Statutory Tax Rate

Income tax expense at the statutory tax rate is reconciled to the overall income tax expense for the years ended December 31 as follows:

	2019			2018
Federal income tax at statutory rates	$	(246	)	$	598
State income taxes, net of federal tax effect		(38	)		83
Permanent differences		3			7
Nondeductible stock-based compensation		13			30
Impact of change in federal tax rate		-			(56	)
Foreign-derived intangible income deduction		(183	)		(40	)
Other		(62	)		(3	)
(Benefit) provision for income taxes	$	(513	)	$	619

Schedule of Net Deferred Tax Assets and Liabilities

The net deferred tax assets and liabilities as of December 31, 2019 and 2018 are comprised of the following:

	2019			2018
Deferred tax assets:
Net operating loss carryforwards	$	156		$	-
Accounts receivable		168			171
Inventories		124			66
Accrued vacation and bonus		38			36
Intangibles and Goodwill		112			89
Operating lease liabilities		53			-
Other		40			21
Total deferred tax assets		691			383
Deferred tax liabilities:
Operating lease right-of-use assets		(46	)		-
Accumulated depreciation for tax purposes		(89	)		(149	)
Total deferred tax liabilities		(135	)		(149	)
Net deferred tax asset	$	556		$	234

Schedule of Net Operating Losses and Tax Credit Carryforwards

Net operating losses and tax credit carryforwards as of December 31, 2019 are as follows:

			Expiration Years
Net operating losses, federal (After December 31, 2017)	$	632	Do not expire
Net operating losses, state (After December 31, 2017)		629	Do not expire
Tax credits, federal		14	2040