XML 44 R27.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Net Loss before Income Tax Based on Jurisdictions | Net loss before income tax was subject to tax in the following jurisdictions for the following periods (in thousands):
| Years Ended December 31,
| 2022 |  | 2021 |
United States | $ | (47,049) |  |  | $ | (11,222) |  |
Germany | (67,448) |  |  | (78,869) |  |
Foreign | (5,911) |  |  | (2,854) |  |
| $ | (120,408) |  |  | $ | (92,945) |  |
Income Tax Rate Reconciliation | The rate reconciliation consists of the following:
| Years Ended December 31,
| 2022 |  | 2021
Federal statutory rate | 21.0 | % |  | 21.0 | %
Foreign rate differential | 2.2 | % |  | 3.2 | %
Stock options | (1.1) | % |  | (0.9) | %
Tax effect of rate change | 0.0 | % |  | 0.0 | %
Goodwill impairment | (5.7) | % |  | 0.0 | %
Other | (0.7) | % |  | (0.4) | %
Change in valuation allowance | (15.7) | % |  | (22.9) | %
Effective tax rate | 0.0 | % |  | 0.0 | %
Deferred Tax Assets and Liabilities |
| December 31,
| 2022 |  | 2021
| (in thousands)
Deferred tax assets: |  |  |
Net operating loss carryforwards | $ | 19,830 |  |  | $ | 18,437 |
Stock-based compensation | 742 |  |  | 576 |
Intangible Assets | 2,923 |  |  | 3,848 |
Foreign net operating loss carryforwards | 47,179 |  |  | 34,819 |
Unrealized gain or loss | 1,686 |  |  | 1,130 |
Other, net | 693 |  |  | 9 |
Total deferred tax assets | 73,053 |  |  | 58,819 |
Deferred tax liabilities: |  |  |
Property, plant and equipment | — |  |  | (2) |
Total deferred tax liability | — |  |  | (2) |
Net deferred tax assets | 73,053 |  |  | 58,817 |
Less valuation allowance | (73,053) |  |  | (58,817) |
| $ | — |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration