Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Tables)

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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
SCHEDULE OF INCOME (LOSS) BEFORE INCOME TAX (BENEFIT) EXPENSE

The components of (loss) income before income tax benefits by jurisdiction for continuing operations for the years ended December 31, consisted of the following (in thousands):

 

    2021     2020  
United States     (1,733 )     4,778  
Canada     (1,880 )     (1,391 )
United Kingdom     (246 )     (121 )
Poland     1,061       (306 )
Total (loss) income before tax benefit   $ (2,798 )   $ 2,960  
SCHEDULE OF COMPONENTS OF INCOME TAX (BENEFIT) EXPENSE

The components of current and deferred federal and state income tax (benefits) expense for continuing operations for the years ended December 31, consisted of the following (in thousands):

 

    2021     2020  
Federal income tax (benefit) expense - deferred     (3,503 )     4  
State income tax benefit - current     (56 )     (70 )
Foreign income tax expense - current     26        
State income tax benefit - deferred     (357 )     (123 )
Total income tax benefit   $ (3,890 )   $ (189 )
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

An overall reconciliation between the expected tax benefit using the federal statutory rate of 21% for each of the years ended 2021 and 2020 and the benefit for income taxes from continuing operations as reported in the accompanying Consolidated Statement of Operations is provided below (in thousands).

 

    2021     2020  
Federal tax (benefit) expense at statutory rate   $ (588 )   $ 622  
State tax benefit, net of federal benefit     (412 )     (192 )
Change in deferred tax rates     (93 )     (71 )
Permanent items     62       126  
PPP Loan forgiveness     (1,130 )      
Debt forgiveness (PFM Poland)     (518 )      
Difference in foreign rate     (135 )     (68 )
True-up of deferred tax items     1,058       (256 )
Other     (7 )     117  
Decrease in valuation allowance     (2,127 )     (467 )
Income tax benefit   $ (3,890 )   $ (189 )
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The Company had temporary differences and net operating loss carry forwards from both our continuing and discontinued operations, which gave rise to deferred tax assets and liabilities at December 31, 2021 and 2020 as follows (in thousands):

 

  2021     2020  
Deferred tax assets:            
Net operating losses   $ 10,057     $ 8,662  
Environmental and closure reserves     2,040       1,839  
Lease liability     575       642  
Capital loss carryforward     740        
Other     1,099       1,734  
Deferred tax liabilities:                
Depreciation and amortization     (3,362 )     (3,447 )
Indefinite lived intangible assets     (464 )     (471 )
Right-of-use lease asset     (583 )     (627 )
481(a) adjustment     (104 )     (209 )
Prepaid expenses     (24 )     (22 )
Deferred tax assets, gross      9,974       8,101  
Valuation allowance     (6,447 )     (8,572 )
Net deferred income tax asset (liabilities)     3,527       (471 )