INCOME TAXES (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2021 |
Dec. 31, 2020 |
| REVERSE TAKEOVER AND PRIVATE PLACEMENT |
|
|
| Schedule of weighted average number of shares outstanding |
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
(in thousands except per share amounts) |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Net income (loss) |
|
$ |
731 |
|
|
$ |
(8,757 |
) |
|
$ |
(5,988 |
) |
|
$ |
(16,631 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.01 |
|
|
$ |
(0.26 |
) |
|
$ |
(0.10 |
) |
|
$ |
(0.50 |
) |
Diluted |
|
$ |
0.00 |
|
|
$ |
(0.26 |
) |
|
$ |
(0.10 |
) |
|
$ |
(0.50 |
) |
Weighted average shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
71,021 |
|
|
|
33,307 |
|
|
|
61,956 |
|
|
|
33,025 |
|
Diluted |
|
|
201,278 |
|
|
|
33,307 |
|
|
|
61,956 |
|
|
|
33,025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average potentially diluted shares (1): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic shares |
|
|
71,021 |
|
|
|
33,307 |
|
|
|
61,956 |
|
|
|
33,025 |
|
Options |
|
|
2,908 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Warrants |
|
|
60,767 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Convertible debentures |
|
|
64,796 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Restricted stock units |
|
|
1,786 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Total weighted average potentially diluted shares: |
|
|
201,278 |
|
|
|
33,307 |
|
|
|
61,956 |
|
|
|
33,025 |
|
|
|
| Schedule of deferred tax assets and liabilities |
|
Years Ended December 31, |
|
|
|
|
|
|
(in thousands) |
|
2020 |
|
|
2019 |
|
Deferred tax assets |
|
|
|
|
|
|
Net operating loss carryforwards |
|
$ |
9,104 |
|
|
$ |
10,836 |
|
Accruals and reserves |
|
|
- |
|
|
|
- |
|
Depreciation |
|
|
- |
|
|
|
- |
|
Other |
|
|
- |
|
|
|
- |
|
Valuation allowance |
|
|
(9,104 |
) |
|
|
(10,836 |
) |
Total deferred tax assets |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
Accruals and reserves |
|
|
- |
|
|
|
- |
|
Share-based compensation |
|
|
- |
|
|
|
- |
|
Total deferred tax liabilities |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
Net deferred tax liabilities |
|
$ |
- |
|
|
$ |
- |
|
|
| Schedule of provision for income tax expense |
|
Years Ended December 31, |
|
|
|
|
|
|
|
|
|
(in thousands) |
|
2020 |
|
|
2019 |
|
|
2018 |
|
Current |
|
|
|
|
|
|
|
|
|
Federal |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
State |
|
|
224 |
|
|
|
205 |
|
|
|
97 |
|
Total Current |
|
|
224 |
|
|
|
205 |
|
|
|
97 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax expense (benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
Federal |
|
|
900 |
|
|
|
(2,406 |
) |
|
|
(601 |
) |
State |
|
|
(9,127 |
) |
|
|
(7,329 |
) |
|
|
(646 |
) |
Total deferred tax benefit |
|
|
(8,227 |
) |
|
|
(9,735 |
) |
|
|
(1,247 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Valuation allowance |
|
|
8,227 |
|
|
|
9,735 |
|
|
|
1,247 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
|
$ |
224 |
|
|
$ |
205 |
|
|
$ |
97 |
|
|
| Schedule of statutory federal income |
|
Years Ended December 31, |
|
|
|
|
|
|
|
|
|
(in thousands) |
|
2020 |
|
|
2019 |
|
|
2018 |
|
Computed expected provision (benefit) for taxes |
|
$ |
(4,554 |
) |
|
$ |
(10,443 |
) |
|
$ |
(1,809 |
) |
Increase (Decrease) in taxes resulting from: |
|
|
|
|
|
|
|
|
|
|
|
|
State taxes |
|
|
224 |
|
|
|
205 |
|
|
|
97 |
|
Non-deductible stock compensation |
|
|
462 |
|
|
|
711 |
|
|
|
57 |
|
Non-deductible expenses under section 280e |
|
|
5,099 |
|
|
|
7,965 |
|
|
|
2,605 |
|
Valuation allowance and other, net |
|
|
(1,007 |
) |
|
|
1,767 |
|
|
|
(853 |
) |
Actual provision for income taxes |
|
$ |
224 |
|
|
$ |
205 |
|
|
$ |
97 |
|
|