Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Tables)

v3.22.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2021
INCOME TAXES  
INCOME TAXES (Tables)

 

 

Years Ended

 

(in thousands)

 

2021

 

 

2020

 

 

2019

 

Current

 

 

 

 

 

 

 

 

 

Federal

 

$ -

 

 

$ -

 

 

$ -

 

State

 

 

213

 

 

 

224

 

 

 

205

 

Total Current

 

 

213

 

 

 

224

 

 

 

205

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred tax expense (benefit)

 

 

 

 

 

 

 

 

 

 

 

 

Federal

 

 

(1,528 )

 

 

(1,943 )

 

 

(2,406 )

State

 

 

(13,339 )

 

 

(10,372 )

 

 

(7,329 )

Total deferred tax benefit

 

 

(14,867 )

 

 

(12,315 )

 

 

(9,735 )

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation allowance

 

 

14,867

 

 

 

12,315

 

 

 

9,735

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

$ 213

 

 

$ 224

 

 

$ 205

 

 

 

Years Ended

 

(in thousands)

 

2021

 

 

2020

 

 

2019

 

Deferred tax assets

 

 

 

 

 

 

 

 

 

Net operating loss carryforwards

 

$ 17,069

 

 

$ 13,192

 

 

$ 10,836

 

Accruals and reserves

 

 

-

 

 

 

-

 

 

 

-

 

Depreciation

 

 

-

 

 

 

-

 

 

 

-

 

Other

 

 

-

 

 

 

-

 

 

 

-

 

Valuation allowance

 

 

(17,069 )

 

 

(13,192 )

 

 

(10,836 )

Total deferred tax assets

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accruals and reserves

 

 

-

 

 

 

-

 

 

 

-

 

Share-based compensation

 

 

-

 

 

 

-

 

 

 

-

 

Total deferred tax liabilities

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net deferred tax liabilities

 

$ -

 

 

$ -

 

 

$ -