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Income Tax (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | Our loss from continuing operations before income taxes as shown in the consolidated statements of operations and other comprehensive income consists of the following:
| Year Ended December 31,
| 2024 |  | 2023 |  |
Domestic | $ | (22,276) |  |  | $ | (9,098) |  |  |
Foreign | (91,138) |  |  | (42,838) |  |  |
Total loss before income tax | $ | (113,414) |  |  | $ | (51,936) |  |  |
Schedule of Components of Income Tax Expense (Benefit) | Our provision for income tax for the years ended December 31, 2024 and 2023 is as follows:
| Year Ended December 31,
| 2024 |  | 2023 |  |
Current |  |  |  |  |
Domestic | $ | — |  |  | $ | — |  |  |
Foreign | 2,858 |  |  | 9,082 |  |  |
Total current tax provision | 2,858 |  |  | 9,082 |  |  |
Deferred |  |  | — |  |  |
Domestic | — |  |  | — |  |  |
Foreign | — |  |  | — |  |  |
Total deferred tax provision | — |  |  | — |  |  |
Income tax provision | $ | 2,858 |  |  | $ | 9,082 |  |  |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amounts of our gross unrecognized tax benefits is as follows:
| Year Ended December 31,
| 2024 |  | 2023
Balance at January 1 | $ | 1,026 |  |  | $ | 3,889 |
Increases (decreases) in tax positions related to prior periods | (316) |  |  | (2,833) |
Increases (decreases) related to prior year tax positions as a result of lapse of statute | (2) |  |  | (30) |
Balance at December 31 | $ | 708 |  |  | $ | 1,026 |
Schedule of Effective Income Tax Rate Reconciliation | The BVI does not impose an income tax. Our provision for (benefit from) income tax differed from the 0% tax rate imposed in the BVI due to the following items for the years ended December 31, 2024 and 2023:
| Year Ended December 31,
| 2024 |  | 2023
| $ |  | % |  | $ |  | %
Loss before income tax | $ | (113,414) |  |  | 100.0 | % |  | $ | (51,936) |  |  | 100.0 | %
U.S. state and local income tax, net of federal benefit | 1 |  |  | — | % |  | 1 |  |  | — | %
Argentina tax inflation adjustment | (4,631) |  |  | 4.1 | % |  | (4,170) |  |  | 8.0 | %
Change in valuation allowances | 2,436 |  |  | (2.1) | % |  | 8,041 |  |  | (15.5) | %
Uncertain tax positions | 1,653 |  |  | (1.5) | % |  | 2,118 |  |  | (4.1) | %
Change in carryforward attributes | (232) |  |  | 0.2 | % |  | (1,594) |  |  | 3.1 | %
Effect of rates different than statutory | 209 |  |  | (0.2) | % |  | 9,357 |  |  | (18.0) | %
Tax credits | (19) |  |  | — | % |  | (156) |  |  | 0.3 | %
Withholding taxes | 251 |  |  | (0.2) | % |  | 156 |  |  | (0.3) | %
Reserve on tax receivable | 1,100 |  |  | (1.0) | % |  | — |  |  | — | %
Equity compensation | 1,556 |  |  | (1.4) | % |  | (4,301) |  |  | 8.3 | %
Other | 534 |  |  | (0.5) | % |  | (370) |  |  | 0.7 | %
Total | $ | 2,858 |  |  | (2.5) | % |  | $ | 9,082 |  |  | (17.5) | %
Schedule of Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities as of December 31, 2024 and 2023 consisted of the following:
| December 31,
| 2024 |  | 2023
Deferred income tax assets: |  |  |
Stock-based compensation | $ | 2,009 |  |  | $ | 4,218 |
Expense for estimated credit losses on accounts receivable | 1,081 |  |  | 1,095 |
Organizational costs | 608 |  |  | 753 |
Net operating loss carryforwards | 7,024 |  |  | 3,431 |
Other | 341 |  |  | 48 |
Total deferred income tax assets | 11,063 |  |  | 9,545 |
Valuation allowance | (11,063) |  |  | (9,545) |
Total deferred income tax assets (liabilities), net | $ | — |  |  | $ | — |
Schedule of Valuation Allowance | The net change in the total valuation allowance is as follows:
| December 31,
| 2024 |  | 2023
Valuation allowance, beginning of year | 9,545 |  |  | 5,802 |
Change in valuation allowance | 1,518 |  |  | 3,743 |
Valuation allowance, end of year | $ | 11,063 |  |  | $ | 9,545 |
Summary of Tax Credit Carryforwards | Our tax attributes are subject to limitations on utilization due to historic ownership changes and may be subject to future limitations upon subsequent change of control, as defined by the Internal Revenue Code Sections 382 and 383.
Country |  | Expiration |  | Gross Amount Carried Forward |  | Net Amount Recognized as of December 31, 2024
Argentina |  | December 31, 2023 - December 31, 2027 |  | $ | 6,875 |  |  | $ | — |
Netherlands |  | Indefinite |  | 10,261 |  |  | — |
China |  | December 31, 2026 - December 31, 2027 |  | 795 |  |  | — |
United States |  | Indefinite |  | 5,130 |  |  | — |
Uruguay |  | December 31, 2026 - December 31, 2027 |  | 2,737 |  |  | — |
Israel |  | Indefinite |  | 46 |  |  | — |

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- 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
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