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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Summary of Loss before Income Taxes

The Company’s loss before income taxes for the years ended December 31, 2023 and 2022 is comprised of the following (in thousands):

			Year Ended December 31,
			2023						2022
Domestic			$	(47,703)					$	(63,939)
Foreign			2,403						(4,495)
Loss before income taxes			$	(45,300)					$	(68,434)

Summary of Provision for Income Taxes

The (benefit) provision for income taxes for the years ended December 31, 2023 and 2022 is comprised of the following (in thousands):

			Year Ended December 31,
			2023						2022
Current:
Federal			$	—					$	—
State			20						50
Foreign			477						55
Total current			497						105
Deferred:
Federal			9						15
State			—						—
Foreign			379						(585)
Total deferred			388						(570)
(Benefit) Provision for income taxes			$	885					$	(465)

Summary of Net Deferred Tax Assets

The Company’s net deferred tax liabilities consist of the following (in thousands):

			December 31,
			2023						2022
Deferred tax assets:
Accrued expenses			$	1,175					$	715
Provision for excess and obsolete inventory			4,679						759
Capitalized research and experimental expenditures			8,629						8,986
Convertible debt			3,526						9,782
Depreciation and amortization			1,725						—
Interest expense limitation			18,689						12,722
Net operating loss and tax credit carryforwards			114,813						112,297
Share-based compensation			3,065						3,375
Right-of-use-asset			2,209						2,294
Unrecognized tax benefits			—						1,942
Deferred tax assets			158,510						152,872
Valuation allowances			(155,158)						(145,431)
Deferred tax assets, net of valuation allowances			3,352						7,441
Deferred tax liabilities:
Operating lease liability			(2,607)						(2,518)
Acquired intangible assets			(555)						(599)
Depreciation and amortization			—						(4,288)
Unrealized foreign currency gains			(870)						(359)
Deferred tax liabilities			(4,032)						(7,764)
Deferred tax liabilities, net			$	(680)					$	(323)

Summary of Provision for Income Taxes Reconciles to Amount Computed by Applying Statutory Federal Income Tax Rate

The (benefit) provision for income taxes reconciles to the amount computed by applying the statutory federal income tax rate of 21% in 2023 and 2022 to loss before income taxes as follows (in thousands):

			Year Ended December 31,
			2023						2022
Federal tax benefit, at statutory rate			$	(9,154)					$	(14,371)
State benefit, net of federal benefit			711						(370)
Foreign tax rate difference			148						(259)
Valuation allowance against future tax benefits			9,727						13,564
Research and development credits			(760)						(2,222)
Share-based compensation			1,622						1,010
Non-deductible officers compensation			—						108
True-up of prior year provisions			(1,474)						2,123
Other			65						(48)
(Benefit) Provision for income taxes			$	885					$	(465)

Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in thousands):

Balance at December 31, 2021			$	41,629
Increases related to current and prior year tax positions			1,286
Balance at December 31, 2022			42,915
Increases related to current and prior year tax positions			506
Decreases from lapses of statute of limitations and prior year tax positions			(30,782)
Balance at December 31, 2023			$	12,639

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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 income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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