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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

SCHEDULE OF COMPONENTS OF PROVISION FOR INCOME TAX

The following table presents the components of the December 31, 2022, 2021 and 2020 provision for income taxes:

 SCHEDULE OF COMPONENTS OF PROVISION FOR INCOME TAX

		2022				2021				2020
		December 31,
		2022				2021				2020
		(in thousands)
Current		$	2,228			$	2,104			$	1,904
Deferred			(4,286	)			(2,193	)			(1,761	)
Total income tax (benefit) expense		$	(2,058	)		$	(89	)		$	143

SCHEDULE OF RECONCILIATION OF INCOME TAX EXPENSE

The following is a reconciliation of income tax expense computed at the Moroccan statutory tax rate to the income tax expense reported in the consolidated statements of operations:

 SCHEDULE OF RECONCILIATION OF INCOME TAX EXPENSE

		2022				2021				2020
		December 31,
		2022				2021				2020
		(in thousands)
Net loss		$	(19,170	)		$	(7,784	)		$	(139	)
Income tax expense for the period			(2,058	)			(89	)			143
Income (loss) before tax			(21,228	)			(7,873	)			4
Effective tax rate			10	%			1	%			3575	%
Permanent differences not deductible (taxable) for tax purposes			(1,799	)			(971	)			(3,192	)
Unrecognized tax losses			6,322				3,323				3,536
Other			-				-				(202	)
Recalculated tax expense		$	(6,581	)		$	(2,441	)		$	1
Statutory tax rate in Morocco			31	%			31	%			31	%

SCHEDULE OF DEFERRED INCOME TAX ASSETS

The tax effects of temporary differences giving rise to deferred income tax assets (liabilities) were:

  SCHEDULE OF DEFERRED INCOME TAX ASSETS

		2022				2021
		December 31,
		2022				2021
		(in thousands)
Fixed assets and intangible assets			(10,292	)			(16,580	)
Loss carryforward			12,021				7,265
Receivables depreciation			-				429
Leases			(2,078	)			(2,488	)
Others			(29	)			(82	)
Less: valuation allowance			(12,021	)			(7,265	)
Deferred tax liabilities, net		$	(12,399	)		$	(18,721	)

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- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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