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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income tax (Benefit) Expense

The Company's components of income tax (benefit) expense consisted of the following.

		Years Ended December 31,
Income Tax Provision		2023				2022				2021
Federal		$	(80	)		$	-			$	-
Foreign			28				99				133
State and local			117				233				-
Current provision			65				332				133
Federal			(173	)			(4,390	)			-
Foreign			-				(3	)			(18	)
State and local			-				(1,327	)			-
Deferred (benefit) provision			(173	)			(5,720	)			(18	)
Income tax (benefit) expense		$	(108	)		$	(5,388	)		$	115

Schedule of Reconciliation of Effective Tax Rate

The following table presents a reconciliation of the Company’s effective tax rates for the periods indicated.

		Years Ended December 31,
Rate Reconciliation		2023				2022				2021
U.S. statutory rate			21.0	%			21.0	%			21.0	%
State rate net of fed benefit			2.7	%			3.4	%			8.1	%
Change in valuation allowance			(28.3	%)			(18.2	%)			(33.8	%)
SPAC transaction costs			0.0	%			0.0	%			3.7	%
Stock compensation			0.0	%			2.0	%			0.0	%
Permanent adjustments			(1.3	%)			(0.2	%)			(0.6	%)
Deferred Adjustments			4.4	%			(2.8	%)			0.0	%
Other			1.7	%			0.1	%			1.4	%
Effective Tax Rate			0.2	%			5.3	%			(0.2	%)

Schedule of Components of Deferred Income Tax Assets and Liabilities

Tax effects of temporary differences can give rise to significant portions of deferred tax assets and deferred tax liabilities. The components of deferred income tax assets and liabilities are as follows.

Tax Effects of Temporary Differences		As of December 31,
		2023				2022
Attributes
Deferred tax asset
Federal NOLs		$	42,166			$	38,326
State NOLs			10,518				9,782
Deferred revenue			14,551				14,021
Capitalized R&D			9,857				7,973
Other deferred tax assets			7,968				9,187
Total deferred tax assets			85,060				79,289
Less: Valuation allowance			(71,490	)			(61,683	)
Total net deferred tax asset		$	13,570			$	17,606
IRC 481(a) Adjustment			(714	)			(324	)
Deferred costs of revenue			(5,733	)			(8,960	)
Intangibles			(6,208	)			(7,408	)
Other deferred tax liabilities			(971	)			(1,142	)
Total deferred tax liabilities			(13,626	)			(17,834	)
Net deferred tax liability		$	(56	)		$	(228	)

Summary of Changes in Gross Unrecognized Tax Benefits

A summary of changes in the Company's gross unrecognized tax benefits for the years ended December 31, 2023 and 2022 is as follows (in thousands):

		As of December 31,
		2023				2022
Unrecognized tax benefits - January 1		$	23,252			$	8,757
Gross increases - tax positions in prior period			-				-
Gross decreases - tax positions in prior period			(21,650	)			-
Gross increases - tax positions in current period			2,215				14,495
Settlement			-				-
Lapse of statute of limitations			-				-
Unrecognized tax benefits - December 31		$	3,817			$	23,252
Unrecognized tax benefits - December 31 (tax-effected)		$	1,172			$	6,658

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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.

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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 the change in unrecognized tax benefits.

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