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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income 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, 2020 and 2019 were as follows (in thousands):

		2020			2019
Current income tax expense (benefit):
Foreign		$	1,065		$	1,333
Federal			15			71
State and local			(61)			—
			1,019			1,404
Deferred income tax expense (benefit):
Foreign			(628)			(323)
Federal			10			10
State and local			—			—
			(618)			(313)
Provision for income taxes		$	401		$	1,091

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, 2020 and 2019 is summarized as follows:

		2020		2019
Federal income tax expense (benefit) at statutory rate		21.0	%	(21.0)	%
Effect of:
Change in valuation allowance		137.7		22.4
Increase in unrecognized tax benefits (ASC 740)		31.5		55.1
Tax effects of foreign operations		57.7		59.7
Foreign operations permanent differences - foreign exchange gains and losses		(1.3)		(12.2)
Deemed interest		(2.1)		—
State income tax net of federal benefit		(4.3)		1.3
Foreign rate differential		(8.6)		0.8
Effect of share based compensation		(10.9)		—
Return to provision true up		(10.8)		(2.6)
Change in rates		(172.7)		—
Withholding tax		1.5		6.0
Other		(0.3)		(7.3)
Effective tax rate		38.4	%	102.2	%

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, 2020 and 2019 were as follows (in thousands):

		December 31,
		2020			2019
Deferred income tax assets:
Allowances not currently deductible		$	192		$	223
Depreciation and amortization			334			297
Equity compensation not currently deductible			778			966
Net operating loss carryforwards			6,751			5,317
Expenses not deductible until paid			1,691			1,245
Other			358			379
Total gross deferred income tax assets before valuation allowance			10,104			8,427
Valuation allowance			(7,917)			(6,521)
Deferred income tax assets, net			2,187			1,906
Deferred income tax liabilities:
Intangibles from acquisition of MediaMiser			—			(316)
Other			(44)			(47)
Total deferred income tax liabilities			(44)			(363)
Net deferred income tax assets		$	2,143		$	1,543
Net deferred income tax assets		$	2,187		$	1,906
Net deferred income tax liability			(44)			(363)
Net deferred income tax assets		$	2,143		$	1,543

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):

		2020			2019
United States		$	930		$	(537)
Foreign			115			(531)
Totals		$	1,045		$	(1,068)

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,
		2020			2019
Balance at January 1		$	2,957		$	2,424
Increase for current year tax position			308			355
Decrease for prior year tax position			(161)			—
Interest accrual			199			234
Foreign currency revaluation			(72)			(56)
Balance at December 31		$	3,231		$	2,957

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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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