XML 60 R44.htm IDEA: XBRL DOCUMENT v3.25.0.1

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

INCOME TAXES

Schedule of components of net income (loss) before income taxes

​

​	​	​	​	​	​	​	​	​	​
​	​	For the year ended December 31,
​	​	2024			2023			2022
U.S.	​	$	9,174	​	$	(3,126)	​	$	5,827
Foreign	​		(7,265)	​		(18,548)	​		(15,957)
Net income (loss) before income taxes	​	$	1,909	​	$	(21,674)	​	$	(10,130)

Schedule of Income tax benefit (expense)

​

​	​	​	​	​	​	​	​	​	​
​	​	For the year ended December 31,
​	​	2024			2023			2022
Current income taxes:		​			​			​
Federal	​	$	1,448	​	$	(279)	​	$	1,696
State and local	​	​	855	​	​	1,568	​	​	1,068
Foreign	​		2,204	​		1,347	​		577
Total current	​		4,507	​		2,636	​		3,341
Deferred income taxes:	​			​			​
Federal	​	​	42,346	​	​	(9,224)	​	​	904
State and local	​		9,111	​		(1,552)	​		72
Foreign	​		(1,326)	​		(441)	​		(2,143)
Total deferred	​		50,131	​		(11,217)	​		(1,167)
Income tax expense (benefit)	​	$	54,638	​	$	(8,581)	​	$	2,174

Schedule of reconciliation of the effective tax rate to tax

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​		2024					2023					2022
​	​	Total		​	Tax Rate	​	Total		​	Tax Rate		Total		​	Tax Rate
Pretax net income (loss)	​	$	1,909	​	​	​	$	(21,674)			​	$	(10,130)			​
Taxes:	​		​	​	​	​		​			​		​			​
U.S. federal income tax at statutory rate	​	$	401	​	21.0	%	$	(4,552)		21.0	%	$	(2,128)		21.0	%
State income taxes	​	​	900	​	47.1	%	​	289		(1.3)	%	​	441		(4.4)	%
Stock-based compensation expense	​	​	(20,559)	​	(1,077.0)	%	​	(6,236)	​	28.8	%	​	1,787	​	(17.6)	%
Impact of foreign operations	​		833	​	43.6	%		1,463	​	(6.8)	%		1,352	​	(13.3)	%
Transaction costs	​	​	431	​	22.6	%	​	—	​	0.0	%	​	176	​	(1.7)	%
U.S. taxation of foreign earnings	​	​	2	​	0.1	%	​	(245)	​	1.1	%	​	(179)	​	1.8	%
Nondeductible compensation	​	​	3,948	​	206.8	%	​	2,822	​	(13.0)	%	​	485	​	(4.8)	%
Tax credits	​	​	(4,920)	​	(257.7)	%	​	(5,818)	​	26.8	%	​	(341)	​	3.4	%
Change in valuation allowance	​	​	67,135	​	3,516.8	%	​	3,386	​	(15.6)	%	​	427	​	(4.2)	%
Purchase commitment and contingent consideration liabilities	​	​	6,186	​	324.0	%	​	—		0.0	%	​	—		0.0	%
Changes in prior year unrecognized tax benefits	​	​	98	​	5.1	%	​	451	​	(2.1)	%	​	—	​	0.0	%
Other permanent items, net	​	​	183	​	9.7	%	​	(141)		0.7	%	​	154		(1.7)	%
Taxes and effective tax rate	​	$	54,638		2,862.1	%	$	(8,581)		39.6	%	$	2,174		(21.5)	%

Schedule of significant components of the Company's net deferred tax assets (liabilities)

​

​	​	​	​	​	​	​
​	​	As of December 31,
Deferred tax assets:		2024			2023
Deferred revenue	​	$	1,512	​	$	3,523
State operating loss carry forwards	​		3,674	​		2,682
Federal and foreign loss carry forwards	​		8,651	​		4,361
Accrued expenses	​		1,754	​		2,239
Accrued compensation	​		3,440	​		2,339
Deferred and stock-based compensation	​		13,826	​		19,008
Operating lease liabilities	​	​	4,185	​	​	5,151
Tax credits	​	​	5,160	​	​	3,662
Original issue discount	​		9,396	​		—
Depreciation and amortization	​	​	14,964	​	​	6,417
Other	​		—	​		2,721
Deferred tax assets	​		66,562	​		52,103
Valuation allowance	​		(72,285)	​		(5,941)
Total deferred tax assets	​		(5,723)	​		46,162
Deferred tax liabilities:	​			​
Prepaid expenses	​	​	(671)	​	​	(1,026)
Right of use asset	​		(3,006)	​		(3,428)
Other	​	​	(499)	​	​	—
Total deferred tax liabilities	​		(4,176)	​		(4,454)
Net deferred tax assets (liabilities)	​	$	(9,899)	​	$	41,708
​	​	​	​	​	​	​
Classification in the consolidated balance sheets:	​	​	​	​	​	​
Deferred income tax assets	​	$	19	​	$	41,708
Deferred income tax liabilities	​	​	(9,918)	​	​	—
Net deferred tax assets (liabilities)	​	$	(9,899)	​	$	41,708

Schedule of changes in valuation allowance

​

​	​	​	​	​	​	​	​	​	​
​	​	For the year ended December 31,
​	​	2024			2023			2022
Valuation allowance, at beginning of year	​	$	(5,941)	​	$	(2,285)	​	$	(1,839)
Increase in valuation allowance recorded through earnings	​	​	(68,377)	​	​	(3,656)	​	​	(624)
Decrease in valuation allowance recorded through earnings	​		2,033	​		—	​		178
Valuation allowance, at end of year	​	$	(72,285)	​	$	(5,941)	​	$	(2,285)
​	​	​	​	​	​	​	​	​	​

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

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration