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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
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, 2021 and 2020 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
Current income tax expense (benefit): |  | ​ |  |  | ​ |
Foreign | ​ | $ | 728 | ​ | $ | 1,065
Federal | ​ |  | 5 | ​ |  | 15
State and local | ​ |  | 21 | ​ |  | (61)
​ | ​ |  | 754 | ​ |  | 1,019
Deferred income tax expense (benefit): | ​ |  |  | ​ |  |
Foreign | ​ |  | 126 | ​ |  | (628)
Federal | ​ |  | (38) | ​ |  | 10
State and local | ​ |  | - | ​ |  | -
​ | ​ |  | 88 | ​ |  | (618)
Provision for income taxes | ​ | $ | 842 | ​ | $ | 401
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, 2021 and 2020 is summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |
Federal income tax expense (benefit) at statutory rate |  | (21.0) | % | 21.0 | %
Effect of: |  | ​ |  |  | ​
Change in valuation allowance |  | 186.1 |  | 137.7 | ​
Effect of Section 162 (m) |  | 29.9 |  | - | ​
Change in rates | ​ | 12.2 | ​ | (172.7) | ​
Foreign operations permanent differences - foreign exchange gains and losses |  | 9.5 |  | (1.3) | ​
State income tax net of federal benefit |  | 1.9 |  | (4.3) | ​
Withholding tax |  | - |  | 1.5 | ​
Deemed interest | ​ | (1.4) | ​ | (2.1) | ​
Return to provision true up |  | (2.3) |  | (10.8) | ​
Tax effects of foreign operations |  | 2.0 |  | 57.7 | ​
Increase in unrecognized tax benefits (ASC 740) | ​ | (22.8) | ​ | 31.5 | ​
Foreign rate differential |  | (31.8) |  | (8.6) | ​
Effect of stock-based compensation | ​ | (72.1) | ​ | (10.9) | ​
Other | ​ | (2.8) | ​ | (0.3) | ​
Effective tax rate |  | 87.4 | % | 38.4 | %
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, 2021 and 2020 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2021 |  | 2020
Deferred income tax assets: |  | ​ |  |  | ​ |
Allowances not currently deductible | ​ | $ | 183 | ​ | $ | 192
Depreciation and amortization | ​ |  | 308 | ​ |  | 334
Equity compensation not currently deductible | ​ |  | 831 | ​ |  | 778
Net operating loss carryforwards | ​ |  | 7,741 | ​ |  | 6,751
Expenses not deductible until paid | ​ |  | 1,829 | ​ |  | 1,691
Other | ​ |  | 153 | ​ |  | 358
Total gross deferred income tax assets before valuation allowance | ​ |  | 11,045 | ​ |  | 10,104
Valuation allowance | ​ |  | (9,095) | ​ |  | (7,917)
Deferred income tax assets, net | ​ | ​ | 1,950 | ​ | ​ | 2,187
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred income tax liabilities: | ​ |  |  | ​ |  |
Other | ​ |  | (15) | ​ |  | (44)
Total deferred income tax liabilities | ​ |  | (15) | ​ |  | (44)
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred income tax assets | ​ | $ | 1,935 | ​ | $ | 2,143
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred income tax assets | ​ | $ | 1,950 | ​ | $ | 2,187
Net deferred income tax liability | ​ |  | (15) | ​ |  | (44)
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred income tax assets | ​ | $ | 1,935 | ​ | $ | 2,143
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): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021 | ​ | 2020
United States | ​ | $ | (261) | ​ | $ | 930
Foreign | ​ |  | (702) | ​ |  | 115
Totals | ​ | $ | (963) | ​ | $ | 1,045
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 in thousands: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Unrecognized Tax
​ | ​ | Benefits
​ | ​ | December 31,
​ |  | 2021 |  | 2020
Balance at January 1 | ​ | $ | 3,231 | ​ | $ | 2,957
Decrease (increase) for prior year tax positions | ​ |  | (1,713) | ​ |  | 308
Increase (decrease) for current year tax positions | ​ |  | 156 | ​ |  | (161)
Interest accrual | ​ |  | 111 | ​ |  | 199
Foreign currency remeasurement | ​ |  | (32) | ​ |  | (72)
Balance at December 31 | ​ | $ | 1,753 | ​ | $ | 3,231

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