Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.21.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of Income (loss) Before Income Tax (Benefit) Expense

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

 

    2020     2019  
United States     4,778       4,120  
Canada     (1,391 )     (735 )
United Kingdom     (121 )     (184 )
Poland     (306 )     (312 )
Total income before tax (benefit) expense   $ 2,960     $ 2,889  
Schedule of Components of Income Tax (Benefit) Expense

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

 

    2020     2019  
Federal income tax expense - deferred     4       5  
State income tax (benefit) expense - current     (70 )     153  
State income tax (benefit) expense - deferred     (123 )     (1 )
Total income tax (benefit) expense   $ (189 )   $ 157  
Schedule of Effective Income Tax Rate Reconciliation

An overall reconciliation between the expected tax (benefit) expense using the federal statutory rate of 21% for each of the years ended 2020 and 2019 and the (benefit) expense for income taxes from continuing operations as reported in the accompanying Consolidated Statement of Operations is provided below (in thousands).

 

    2020     2019  
Federal tax expense at statutory rate   $ 622     $ 607  
State tax (benefit) expense, net of federal benefit     (192 )     152  
Change in deferred tax rates     (71 )     106  
Permanent items     126       54  
Difference in foreign rate     (68 )     (27 )
Change in deferred tax liabilities     (256 )     835  
Other     117       (218 )
Decrease in valuation allowance     (467 )     (1,352 )
Income tax (benefit) expense   $ (189 )   $ 157  
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, 2020 and 2019 as follows (in thousands):

 

    2020     2019  
Deferred tax assets:                
Net operating losses   $ 8,662     $ 9,391  
Environmental and closure reserves     1,839       1,977  
Lease liability     642       742  
Other     1,734       1,295  
Deferred tax liabilities:                
Depreciation and amortization     (3,447 )     (3,211 )
Goodwill and indefinite lived intangible assets     (471 )     (590 )
Right-of-use lease asset     (627 )     (730 )
481(a) adjustment     (209 )     (336 )
Prepaid expenses     (22 )     (22 )
      8,101       8,516  
Valuation allowance     (8,572 )     (9,106 )
Net deferred income tax liabilities     (471 )     (590 )