XML 54 R37.htm IDEA: XBRL DOCUMENT
v3.25.1

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Income Tax Disclosure [Abstract] |
SCHEDULE OF COMPONENTS OF NET LOSS BEFORE INCOME TAXES | Components of net loss before income taxes are as follows (in thousands): SCHEDULE OF COMPONENTS OF NET LOSS BEFORE INCOME TAXES
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
United States |  | $ | (97,893 | ) |  | $ | (86,730 | ) |  | $ | (53,091 | )
Foreign |  |  | 1,485 |  |  |  | 5,034 |  |  |  | - |
Total |  | $ | (96,408 | ) |  | $ | (81,696 | ) |  | $ | (53,091 | )
SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (BENEFIT) | Components of income tax expense (benefit) are as follows (in thousands): SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (BENEFIT)
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Current |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | - |  |  | $ | - |  |  | $ | - |
State |  |  | - |  |  |  | - |  |  |  | - |
International |  |  | 581 |  |  |  | 2,061 |  |  |  | - |
Total Current Tax Expense |  |  | 581 |  |  |  | 2,061 |  |  |  | - |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | - |  |  |  | - |  |  |  | - |
State |  |  | - |  |  |  | - |  |  |  | - |
International |  |  | (74 | ) |  |  | (915 | ) |  |  | - |
Total Deferred Tax Expense |  |  | (74 | ) |  |  | (915 | ) |  |  | - |
Total Tax Expense |  | $ | 507 |  |  | $ | 1,146 |  |  | $ | - |
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION | The percentage difference between the effective tax rate of the provision (benefit) for income taxes and the Federal statutory rate is as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Statutory rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
Permanent Items and adjustments |  |  | 0.0 | % |  |  | 0.1 | % |  |  | 0.0 | %
Compensation related |  |  | 0.0 | % |  |  | (0.4 | )% |  |  | (0.5 | )%
Share-based compensation |  |  | (2.4 | )% |  |  | (1.7 | )% |  |  | (2.2 | )%
Net operating loss expiration |  |  | (6.2 | )% |  |  | (6.3 | )% |  |  | (9.0 | )%
Tax credits |  |  | 1.0 | % |  |  | 1.0 | % |  |  | 1.5 | %
Change in valuation allowance |  |  | (11.0 | )% |  |  | (15.0 | )% |  |  | (10.8 | )%
Bargain Purchase gain |  |  | 0.0 | % |  |  | 0.9 | % |  |  | 0.0 | %
Notes payable related |  |  | (2.7 | )% |  |  | 0.0 | % |  |  | 0.0 | %
Other |  |  | (0.2 | )% |  |  | (1.0 | )% |  |  | 0.0 | %
Total |  |  | (0.5 | )% |  |  | (1.4 | )% |  |  | 0.0 | %
SCHEDULE OF DEFERRED TAX ASSETS | Components of deferred tax assets are as follows (in thousands): SCHEDULE OF DEFERRED TAX ASSETS
|  | December 31, |
|  | 2024 |  |  | 2023 |
Deferred tax assets |  |  |  |  |  |  |  |
Reserves |  | $ | 430 |  |  | $ | 632 |
Net operating loss carryforwards |  |  | 104,575 |  |  |  | 97,254 |
R&D credit carryforwards |  |  | 11,052 |  |  |  | 10,114 |
Depreciation/amortization deferred |  |  | 29,618 |  |  |  | 26,079 |
Operating lease liabilities |  |  | 5,099 |  |  |  | 3,878 |
Other |  |  | 6,475 |  |  |  | 7,833 |
Total deferred tax assets |  |  | 157,249 |  |  |  | 145,790 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Operating lease right-of-use assets |  |  | (4,106 | ) |  |  | (3,272 | )
Total deferred tax liabilities |  |  | (4,106 | ) |  |  | (3,272 | )
Net valuation allowances |  |  | (152,935 | ) |  |  | (142,376 | )
Deferred tax assets |  | $ | 208 |  |  | $ | 142 |

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 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + 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://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + 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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration