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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
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, 2022 and 2021 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Current income tax expense (benefit): |  | ​ |  |  | ​ |
Foreign | ​ | $ | 1,131 | ​ | $ | 728
Federal | ​ |  | 144 | ​ |  | 5
State and local | ​ |  | 30 | ​ |  | 21
​ | ​ |  | 1,305 | ​ |  | 754
Deferred income tax expense (benefit): | ​ |  |  | ​ |  |
Foreign | ​ |  | 207 | ​ |  | 126
Federal | ​ |  | 10 | ​ |  | (38)
State and local | ​ |  | - | ​ |  | -
​ | ​ |  | 217 | ​ |  | 88
Provision for income taxes | ​ | $ | 1,522 | ​ | $ | 842
​
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, 2022 and 2021 is summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |
Federal income tax expense (benefit) at statutory rate |  | (21.0) | % | (21.0) | %
Effect of: |  | ​ |  | ​ | ​
Change in valuation allowance |  | 36.9 |  | 186.1 | ​
Tax effects of foreign operations |  | 2.5 |  | 2.0 | ​
Foreign operations permanent differences - foreign exchange gains and losses | ​ | 1.1 | ​ | 9.5 | ​
Increase in unrecognized tax benefits (ASC 740) |  | 0.7 |  | (22.8) | ​
State income tax net of federal benefit |  | 0.2 |  | 1.9 | ​
Return to provision true up |  | 0.3 |  | (2.3) | ​
Effect of Section 162 (m) | ​ | 0.0 | ​ | 29.90 | ​
Change in rates |  | - |  | 12.2 | ​
Effect of stock-based compensation |  | (0.3) |  | (72.1) | ​
Deemed interest | ​ | (1.9) | ​ | (1.4) | ​
Foreign rate differential |  | (4.7) |  | (31.8) | ​
Other | ​ | 0.7 | ​ | (2.8) | ​
Effective tax rate |  | 14.5 | % | 87.4 | %
​
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, 2022 and 2021 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2022 |  | 2021
Deferred income tax assets: |  | ​ |  |  | ​ |
Allowances not currently deductible | ​ | $ | 301 | ​ | $ | 183
Depreciation and amortization | ​ |  | 9 | ​ |  | 308
Equity compensation not currently deductible | ​ |  | 1,579 | ​ |  | 831
Net operating loss carryforwards | ​ |  | 10,758 | ​ |  | 7,741
Expenses not deductible until paid | ​ |  | 1,694 | ​ |  | 1,829
Other | ​ |  | 142 | ​ |  | 153
Total gross deferred income tax assets before valuation allowance | ​ |  | 14,483 | ​ |  | 11,045
Valuation allowance | ​ |  | (13,008) | ​ |  | (9,095)
Deferred income tax assets, net | ​ | ​ | 1,475 | ​ | ​ | 1,950
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred income tax liabilities: | ​ |  |  | ​ |  |
Other | ​ |  | (65) | ​ |  | (15)
Total deferred income tax liabilities | ​ |  | (65) | ​ |  | (15)
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred income tax assets | ​ | $ | 1,410 | ​ | $ | 1,935
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred income tax assets | ​ | $ | 1,475 | ​ | $ | 1,950
Net deferred income tax liability | ​ | ​ | (65) | ​ | ​ | (15)
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred income tax assets | ​ | $ | 1,410 | ​ | $ | 1,935
​
Schedule of United States and foreign components of income (loss) before provision for income taxes | United States and foreign components of loss before provision for income taxes for each of the two years ended December 31, were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
United States | ​ | $ | (4,023) | ​ | $ | (261)
Foreign | ​ |  | (6,460) | ​ |  | (702)
Totals | ​ | $ | (10,483) | ​ | $ | (963)
​
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,
​ |  | 2022 |  | 2021
Balance at January 1 | ​ | $ | 1,753 | ​ | $ | 3,231
Decrease for prior year tax positions | ​ |  | (290) | ​ |  | (1,713)
Increase for current year tax positions | ​ |  | 311 | ​ |  | 156
Interest accrual | ​ |  | 67 | ​ |  | 111
Foreign currency remeasurement | ​ |  | (161) | ​ |  | (32)
Balance at December 31 | ​ | $ | 1,680 | ​ | $ | 1,753
​

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