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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

INCOME TAXES

Schedule of taxable income by domestic and foreign subsidiaries

The following table provides the components of income (loss) before provision for income taxes from continuing operations by domestic and foreign subsidiaries:

​	​	​	​	​	​	​
​	​	Year Ended December 31,
​	​	2025	​	2024	​	2023
Domestic	​	($ 31,404)	​	($ 24,479)	​	$ 431
Foreign	​	11,170	​	8,762	​	3,086
Total	​	($ 20,234)	​	($ 15,717)	​	$ 3,517

Schedule of components of income tax expense (benefit)

The components of the income tax (benefit) expense from continuing operations are as follows:

​	​	​	​	​	​	​
​	​	Year Ended December 31,
​	​ ​ ​	2025	​	2024	​	2023
Current:	​	​	​	​	​	​
Federal	​	($ 59)	​	$ 408	​	$ 301
State	​	374	​	1,211	​	795
Foreign	​	3,576	​	3,060	​	1,789
Total current income tax provision	​	3,891	​	4,679	​	2,885
Deferred	​	​	​	​	​	​
Federal	​	(1,709)	​	(2,277)	​	(1,137)
State	​	(458)	​	(573)	​	(903)
Foreign	​	756	​	(758)	​	(861)
Total deferred income tax benefit	​	(1,411)	​	(3,608)	​	(2,901)
Total income tax (benefit) expense from continuing operations	​	$ 2,480	​	$ 1,071	​	($ 16)

Schedule of effective income tax rate reconciliation

The reconciliation of the provision for income tax (benefit) expense from continuing operations at the United States federal statutory rate compared to the Company's income tax (benefit) expense as reported is as follows, with reconciling items for all periods presented disaggregated by nature and jurisdiction in accordance with the retrospective adoption of ASU 2023-09, Improvements to Income Tax Disclosures, effective January 1, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ended December 31,

​

​

2025

​

2024

​

2023

​

​ ​ ​

Amount

​

Percent

​

Amount

​

Percent

​

Amount

​

Percent

U.S. Federal Statutory Tax Rate

​

($ 4,249)

​

21.00%

​

($ 3,302)

​

21.00%

​

$ 739

​

21.00%

​

​

​

​

​

​

​

​

​

​

​

​

​

State and Local Income Taxes, Net of Federal Effect(a)

​

137

​

(0.68)%

​

815

​

(5.18)%

​

558

​

15.87%

​

​

​

​

​

​

​

​

​

​

​

​

​

Foreign Tax Effects

​

1,861

​

(9.20)%

​

951

​

(6.05)%

​

(409)

​

(11.66)%

Canada

​

​

​

​

​

​

​

​

​

​

​

​

Foreign Rate Differential

​

512

​

(2.53)%

​

327

​

(2.08)%

​

668

​

18.98%

Stock Based Compensation

​

81

​

(0.40)%

​

149

​

(0.95)%

​

(446)

​

(12.68)%

Adjustment to Deferred Tax Assets

​

875

​

(4.33)%

​

(17)

​

0.11%

​

157

​

4.46%

Other

​

-

​

0.00%

​

-

​

0.00%

​

1

​

0.01%

Other Foreign Jurisdictions

​

393

​

(1.94)%

​

492

​

(3.13)%

​

(789)

​

(22.44)%

​

​

​

​

​

​

​

​

​

​

​

​

​

Effect of Changes in Tax Laws or Rates

​

-

​

0.00%

​

-

​

0.00%

​

-

​

0.00%

​

​

​

​

​

​

​

​

​

​

​

​

​

Effect of Cross-Border Tax

​

-

​

0.00%

​

-

​

0.00%

​

-

​

0.00%

​

​

​

​

​

​

​

​

​

​

​

​

​

Tax Credits

​

431

​

(2.13)%

​

(2,576)

​

16.38%

​

(1,903)

​

(54.10)%

Research and Development Tax Credit

​

431

​

(2.13)%

​

(2,576)

​

16.38%

​

(1,903)

​

(54.10)%

​

​

​

​

​

​

​

​

​

​

​

​

​

Change of Valuation Allowance

​

-

​

0.00%

​

-

​

0.00%

​

-

​

0.00%

​

​

​

​

​

​

​

​

​

​

​

​

​

Nontaxable or Nondeductible Items

​

4,077

​

(20.15)%

​

4,617

​

(29.37)%

​

(373)

​

(10.61)%

Fines/Penalties

​

345

​

(1.70)%

​

-

​

0.00%

​

-

​

0.00%

Non-deductible Legal Settlement

​

630

​

(3.11)%

​

-

​

0.00%

​

-

​

0.00%

Stock Compensation

​

3,305

​

(16.34)%

​

4,675

​

(29.74)%

​

(375)

​

(10.66)%

Other

​

(203)

​

1.00%

​

(58)

​

0.37%

​

2

​

0.05%

​

​

​

​

​

​

​

​

​

​

​

​

​

Changes in Unrecognized Tax Benefits

​

217

​

(1.07)%

​

652

​

(4.14)%

​

475

​

13.53%

​

​

​

​

​

​

​

​

​

​

​

​

​

Other

​

6

​

(0.03)%

​

(86)

​

0.55%

​

897

​

25.50%

Effective Tax Rate

​

2,480

​

(12.26)%

​

1,071

​

(6.81)%

​

(16)

​

(0.47)%

(a) ^{State taxes in Texas and California made up the majority (greater than 50 percent) of the tax effect in this category}

Schedule of income taxes paid, net of refunds

The following table provides the income taxes paid, net of refunds received, disaggregated by federal, state, and foreign jurisdictions in accordance with ASU 2023-09:

​	​	​	​	​	​	​
​	​	Year Ended December 31,
​	​	2025	​	2024	​	2023
Federal	​	$ 166	​	$ 608	​	$ -
State	​	947	​	401	​	831
Foreign	​	3,484	​	1,685	​	1,900
Total	​	$ 4,597	​	$ 2,694	​	$ 2,731

Income taxes paid (net of refunds) exceeded 5% of total income taxes paid (net of refunds) in the following jurisdictions:

​	​	​	​	​	​	​
​	​	Year Ended December 31,
​	​	2025	​	2024	​	2023
State	​	​	​	​	​	​
Texas	​	$ 322	​	$ 230	​	$ 390
​	​	​	​	​	​	​
Foreign	​	​	​	​	​	​
Canada	​	$ 2,990	​	$ 1,612	​	$ 1,887

Schedule of deferred tax assets and liabilities

Deferred tax assets and liabilities from continuing operations consist of the following for the periods presented:

​	​	​	​	​
​	​ ​ ​	December 31, 2025	​	December 31, 2024
Deferred tax assets:	​	​	​	​
Net operating loss carryforward	​	$ 30,238	​	$ 26,110
Accruals and Reserves	​	8,392	​	11,252
Goodwill and Intangibles	​	984	​	1,887
Research and Experimental Costs	​	22,138	​	19,331
Research and Development Credit	​	4,605	​	4,973
Share-based compensation	​	14,814	​	14,685
Total gross deferred tax assets	​	81,171	​	78,238
Less: Valuation allowance	​	(542)	​	(158)
Deferred tax assets, net of valuation allowance	​	80,629	​	78,080
Deferred tax liabilities:	​	​	​	​
Property and equipment	​	(3,476)	​	(2,659)
Other	​	357	​	353
Total gross deferred tax liabilities	​	(3,119)	​	(2,306)
Net deferred tax assets	​	$ 77,510	​	$ 75,774

Schedule of reconciliation of the beginning and ending amount of gross unrecognized benefits

A reconciliation of the beginning and ending amount of gross unrecognized benefits is as follows:

​

​	​	​	​	​	​	​
​	​	Year Ended December 31,
​	​	2025	​	2024	​	2023
Unrecognized tax benefits - beginning of year	​	$ 2,573	​	$ 1,904	​	$ 1,309
Gross increase for tax positions of prior years	​	(450)	​	(39)	​	63
Gross increase for tax positions of current year	​	278	​	708	​	532
Unrecognized tax benefits - end of year	​	$ 2,401	​	$ 2,573	​	$ 1,904

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