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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Tax, Domestic and Foreign

For the years ended December 31, 2023, 2022 and 2021 income (loss) before income taxes included the following components:

			Year Ended December 31,
			2023						2022						2021
Domestic			$	16,501					$	(60,099)					$	(59,737)
Foreign			1,276						1,463						(221)
Total			$	17,777					$	(58,636)					$	(59,958)

Schedule of Effective Income Tax Rate Reconciliation

For the years ended December 31, 2023, 2022 and 2021 the Company recognized the following provision for income taxes:

			Year Ended December 31,
			2023						2022						2021
Current:
Federal			$	895					$	302					$	—
State			607						327						80
Foreign			341						524						97
Total			$	1,843					$	1,153					$	177
Deferred:
Federal			$	—					$	—					$	—
State			—						—						—
Foreign			(133)						(215)						—
Total			$	(133)					$	(215)					$	—
Total provision for income taxes			$	1,710					$	938					$	177

The provision for income taxes differs from the amounts computed by applying the federal statutory rate as follows for the years ended December 31, 2023, 2022 and 2021:

			2023						2022						2021
Expected income tax expense at federal statutory rate			21.0		%				21.0		%				21.0		%
State taxes, net of Federal income tax effect			(35.1)						6.7						6.5
Section 162(m) limitation			56.5						(15.2)						(13.5)
Equity compensation			(208.4)						28.4						53.8
Meals and entertainment			5.6						(1.2)						(0.5)
Foreign-Derived Intangible Income deduction			(13.4)						—						—
Other permanent adjustments			2.2						0.3						—
Research and development credit			(76.4)						11.7						15.9
Valuation allowance			257.6						(53.3)						(83.5)
Effective income tax rate			9.6		%				(1.6)		%				(0.3)		%

Schedule of Deferred Tax Assets and Liabilities

The Company has the following deferred tax assets (liabilities) as of December 31, 2023 and 2022:

			2023						2022
Net operating loss carryforwards			$	15,533					$	42,861
Stock-based compensation			5,207						3,605
Research and development credits			38,146						22,386
Lease liability			5,739						6,487
Section 174 research and development capitalization			102,055						42,429
Marketing and advertising			766						633
Sales tax / Value added tax ("VAT") reserve			397						210
Other deferred tax assets			65						140
Valuation allowance			(156,870)						(108,504)
Total deferred tax assets			11,038						10,247
ROU asset			(4,354)						(5,122)
Property and equipment			(2,164)						(2,569)
Capitalized software			(3,716)						(1,913)
Other deferred tax liabilities			(38)						(10)
Total deferred tax liabilities			(10,272)						(9,614)
Net deferred taxes			$	766					$	633

Summary of Valuation Allowance

The following table represents the activity in our valuation allowance for the years ended December 31, 2023 and 2022:

			Year Ended December 31,
			2023						2022
Beginning balance—January 1			$	(108,504)					$	(76,293)
Valuation allowances established			(48,366)						(32,211)
Release of valuation allowances			—						—
Ending balance—December 31			$	(156,870)					$	(108,504)

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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