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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income (Loss) Before Income Taxes by Jurisdiction | Income (loss) before taxes by jurisdiction consisted of the following at December 31, 2024, 2023, and 2022:
(In thousands) |  | 2024 |  | 2023 |  | 2022
U.S. |  | $ | (11,046) |  |  | $ | (57,860) |  |  | $ | 18,081 |
Foreign |  | 842 |  |  | — |  |  | — |
Total |  | $ | (10,204) |  |  | $ | (57,860) |  |  | $ | 18,081 |
Schedule of Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities were comprised of the following at December 31, 2024 and 2023:
(In thousands) | 2024 |  | 2023
Deferred tax assets: |  |  |
Accounts receivable and financing receivables | $ | 1,589 |  |  | $ | 871 |
Stock-based compensation | 1,003 |  |  | 1,275 |
Deferred revenue | 660 |  |  | 367 |
Research expenditures | 26,449 |  |  | 16,496 |
Accrued severance | 236 |  |  | 890 |
Right of use asset | 561 |  |  | 952 |
Capital loss on sale of AHT stock | 3,323 |  |  | — |
Credits | 891 |  |  | — |
Other | 2,893 |  |  | 2,770 |
Net operating loss | 1,835 |  |  | 3,656 |
Deferred tax assets | 39,440 |  |  | 27,277 |
Less: Valuation allowance | 13,280 |  |  | 604 |
Total deferred tax assets | $ | 26,160 |  |  | $ | 26,673 |
Deferred tax liabilities: |  |  |
Intangible assets | $ | 15,118 |  |  | $ | 14,477 |
Accrued liabilities and other | 11,880 |  |  | 12,127 |
Fixed assets | 237 |  |  | 254 |
Right of use liability | 796 |  |  | $ | 1,045 |
Total deferred tax liabilities | $ | 28,031 |  |  | $ | 27,903 |
Total net deferred tax liability | $ | (1,871) |  |  | $ | (1,230) |
Schedule of Components of Income Tax (benefit) Provision | Significant components of the income tax (benefit) provision for the years ended December 31, 2024, 2023 and 2022 were as follows:
(In thousands) | 2024 |  | 2023 |  | 2022
Current provision: |  |  |  |  |
Federal | $ | 5,016 |  |  | $ | 1,661 |  |  | $ | 6,482 |
State | 3,099 |  |  | 218 |  |  | 2,420 |
Foreign | 261 |  |  | — |  |  | — |
Deferred provision: |  |  |  |  |
Federal | (2,082) |  |  | (8,884) |  |  | (4,769) |
State | 3,941 |  |  | (2,421) |  |  | (1,919) |
Total income tax (benefit) provision | $ | 10,235 |  |  | $ | (9,426) |  |  | $ | 2,214 |
Schedule of Reconciliation to Federal Statutory Income Tax Rate | The difference between income taxes at the U.S. federal statutory income tax rate of 21% for the years ended December 31, 2024, 2023 and 2022, and those reported in the consolidated statements of operations for such years is as follows:
(In thousands) | 2024 |  | 2023 |  | 2022
Income taxes at U.S. federal statutory rate | $ | (2,145) |  |  | $ | (12,151) |  |  | $ | 3,797 |
State income tax, net of federal tax effect | 6,419 |  |  | (2,261) |  |  | 428 |
Foreign rate differential on pretax book income | 75 |  |  | — |  |  | — |
Provision-to-return adjustments | (152) |  |  | (999) |  |  | (539) |
Tax credits | (1,084) |  |  | (2,481) |  |  | (1,254) |
Capital loss on sale of AHT stock | (3,175) |  |  | — |  |  | — |
Contingent consideration | — |  |  | — |  |  | (406) |
Goodwill impairment | — |  |  | 7,542 |  |  | — |
Stock-based compensation | 772 |  |  | 65 |  |  | (112) |
Change in valuation allowance | 9,209 |  |  | — |  |  | — |
Non-deductible compensation - section 162(m) | 97 |  |  | 15 |  |  | 306 |
Other | 219 |  |  | 844 |  |  | (6) |
Total income tax provision (benefit) | $ | 10,235 |  |  | $ | (9,426) |  |  | $ | 2,214 |

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