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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

SCHEDULE OF COMPONENTS OF PROVISION FOR INCOME TAX

The following table presents the components of the December 31, 2024, 2023 and 2022 provision for income taxes:

 SCHEDULE OF COMPONENTS OF PROVISION FOR INCOME TAX

		2024				2023				2022
		December 31,
		2024				2023				2022
		(in thousands)
Current		$	2,232			$	1,875			$	2,039
Deferred			(581	)			(1,286	)			(3,883	)
Total income tax expense		$	1,651			$	589			$	(1,844	)

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

		2024				2023				2022
		December 31,
		2024				2023				2022
		(in thousands)
Net loss		$	(23,333	)		$	(12,551	)		$	(15,113	)
Income tax benefit for the period			1,651				589				(1,844	)
Loss before tax			(21,682	)			(11,962	)			(16,957	)
Effective tax rate			-8	%			-5	%			11	%
Permanent differences not deductible (taxable) for tax purposes			3,421				3,685				(1,577	)
Unrecognised tax losses			2,292				695				4,989
Other			280				(1,408	)			-
Recalculated tax benefit		$	(4,342	)		$	(2,383	)		$	(5,256	)
Statutory tax rate in Morocco			20	%			20	%			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

		2024				2023
		December 31,
		2024				2023
		(in thousands)
Fixed assets and intangible assets		$	(9,845	)		$	(9,317	)
Loss carryforward			7,710				6,247
Leases			(2,375	)			(2,344	)
Others			(170	)			(102	)
Less: valuation allowance			(4,889	)			(4,805	)
Deferred tax liabilities, net		$	(9,569	)		$	(10,321	)

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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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
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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

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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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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-Topic 740
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-Name Accounting Standards Codification
-Section 55
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