XML 50 R42.htm IDEA: XBRL DOCUMENT
v3.22.1

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Pretax Loss From Domestic and Foreign Operations | The components of the pretax loss from domestic and foreign operations for the years ended December 31, 2021 and 2020 were as follows:
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |
US loss before income taxes |  | $ | (132,585 | ) |  | $ | (56,439 | )
Foreign income before income taxes |  |  | 7,745 |  |  |  | 1,901 |
Pretax loss from operations |  | $ | (124,840 | ) |  | $ | (54,538 | )
Schedule of Provision (Benefit) for Income Taxes | The provision (benefit) for income taxes for the years ended December 31, 2021 and 2020 is as follows:
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | — |  |  |  | — |
State |  |  | 2 |  |  |  | — |
Foreign |  |  | 2,377 |  |  |  | 1,410 |
Total |  |  | 2,379 |  |  |  | 1,410 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | (5,957 | ) |  |  | — |
State |  |  | (339 | ) |  |  | — |
Foreign |  |  | (3,603 | ) |  |  | (943 | )
Total |  |  | (9,899 | ) |  |  | (943 | )
(Benefit) provision for income taxes |  | $ | (7,520 | ) |  | $ | 467 |
Schedule of Differences Between Federal Statutory Income Tax Rate and Provision for Income Taxes | The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to pretax income as a result of the following differences:
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |
Federal statutory rate |  | $ | (26,216 | ) |  |  | 21.00 | % |  | $ | (11,453 | ) |  |  | 21.00 | %
Adjustments for tax effects of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Permanent differences and other |  |  | (477 | ) |  |  | 0.38 | % |  |  | 634 |  |  |  | (1.16 | )%
Warrants |  |  | 2,421 |  |  |  | (1.94 | )% |  |  | 200 |  |  |  | (0.37 | )%
Stock-based compensation |  |  | (2,399 | ) |  |  | 1.92 | % |  |  | (203 | ) |  |  | 0.37 | %
Increase in valuation allowance |  |  | 19,151 |  |  |  | (15.34 | )% |  |  | 11,289 |  |  |  | (20.70 | )%
(Benefit) provision for income taxes |  | $ | (7,520 | ) |  |  | 6.02 | % |  | $ | 467 |  |  |  | (0.86 | )%
Schedule of Deferred Tax Assets and Liabilities | The significant components of the Company’s deferred tax assets and liabilities were as follows as of December 31, 2021 and 2020:
|  | December 31, |
|  | 2021 |  |  | 2020 |
Deferred tax assets: |  |  |  |  |  |  |  |
Accrued expenses |  | $ | 2,105 |  |  | $ | 1,969 |
Inventories |  |  | 409 |  |  |  | 353 |
Deferred revenue |  |  | 14,160 |  |  |  | 5,503 |
Lease liability |  |  | 7,244 |  |  |  | 7,426 |
Stock options |  |  | 7,950 |  |  |  | 2,082 |
Warrants |  |  | — |  |  |  | 519 |
Interest expense |  |  | 1,075 |  |  |  | — |
Net operating losses |  |  | 41,688 |  |  |  | 30,264 |
Tax credits |  |  | 898 |  |  |  | 923 |
Other |  |  | — |  |  |  | 4 |
Total deferred tax assets |  |  | 75,529 |  |  |  | 49,043 |
Valuation allowance |  |  | (58,235 | ) |  |  | (39,084 | )
Total deferred tax assets, net |  |  | 17,294 |  |  |  | 9,959 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Right of use asset |  |  | (6,723 | ) |  |  | (6,954 | )
Depreciation and amortization |  |  | (5,160 | ) |  |  | — |
Other |  |  | (18 | ) |  |  | — |
Unrealized gain |  |  | — |  |  |  | (757 | )
Total deferred tax liabilities |  |  | (11,901 | ) |  |  | (7,711 | )
Net deferred tax assets |  | $ | 5,393 |  |  | $ | 2,248 |
Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits | The reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits for the years ended December 31 is as follows:
|  | 2021 |  |  | 2020 |
Balance at beginning of year |  | $ | 800 |  |  | $ | 800 |
Increase related to current year tax position |  |  | 35 |  |  |  | — |
Balance at end of year |  | $ | 835 |  |  | $ | 800 |

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=124434304&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration