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Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Taxes

Schedule of components of the provision for income taxes

The significant components of the provision for income taxes for the years ended December 31, 2019 and 2018 were as follows (in thousands):

		2019			2018
Current income tax expense:
Foreign		$	1,333		$	1,467
Federal			71			121
State and local			—			45
			1,404			1,633
Deferred income tax expense (benefit):
Foreign			(323)			312
Federal			10			(139)
State and local			—			2
			(313)			175
Provision for income taxes		$	1,091		$	1,808

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of the U.S. statutory rate with the Company’s effective tax rate for the years ended December 31, 2019 and 2018 is summarized as follows (in thousands, except percentage information):

				2018
		2019		Restated
Federal income tax expense at statutory rate		(21.0)	%	21.0	%
Effect of:
Foreign operations permanent difference - foreign exchange gains and losses		(24.8)		27.8
Return to provision true-up		(5.2)		—
2017 Tax Act		—		(112.6)
Tax effects of foreign operations		120.8		58.8
Increase in unrecognized tax benefits (ASC 740)		109.7		22.2
Change in valuation allowance		23.9		68.3
Withholding tax		12.2		7.8
State income tax  net of federal benefit		2.6		2.4
Foreign tax rate differential		1.6		25.6
Others		(13.2)		(5.5)
		206.6	%	115.8	%

Schedule of deferred tax assets and liabilities

Deferred tax assets and liabilities are classified as non-current. Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2019 and 2018 were as follows (in thousands):

		December 31,
		2019			2018
Deferred income tax assets:
Allowances not currently deductible		$	223		$	232
Depreciation and amortization			297			338
Equity compensation not currently deductible			966			775
Net operating loss carryforwards			5,317			5,089
Expenses not deductible until paid			1,245			769
Other			379			99
Total gross deferred income tax assets before valuation allowance			8,427			7,302
Valuation allowance			(6,521)			(6,098)
Deferred income tax assets, net		$	1,906		$	1,204
Deferred income tax liabilities:
Intangibles from acquisition of MediaMiser			(316)			(356)
Other			(47)			(215)
Total deferred income tax liabilities			(363)			(571)
Net deferred income tax assets		$	1,543		$	633
Net deferred income tax asset		$	1,906		$	1,204
Net deferred income tax liability			(363)			(571)
Net deferred income tax assets		$	1,543		$	633

Schedule of United States and foreign components of income (loss) before provision for income taxes

United States and foreign components of income (loss) before provision for income taxes for each of the two years ended December 31, were as follows (in thousands):

					2018
		2019			(Restated)
United States		$	(161)		$	3,107
Foreign			(367)			(1,545)
Totals		$	(528)		$	1,562

Schedule Of unrecognized Tax Benefits

The following table represents a roll forward of the Company’s unrecognized tax benefits and associated interest for the years ended (amounts in thousands):

		December 31,
		2019			2018
Balance at January 1		$	2,424		$	2,177
Increase for tax position			355			285
Interest accrual			234			63
Foreign currency revaluation			(56)			(101)
Balance at December 31		$	2,957		$	2,424

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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