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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Summary of Loss before Income Taxes

The Company’s loss before income taxes for the years ended December 31, 2024 and 2023 is comprised of the following (in thousands):

			Year Ended December 31,
			2024						2023
Domestic			$	(13,883)					$	(45,262)
Foreign			203						289
Loss before income taxes			$	(13,680)					$	(44,973)

Summary of Provision for Income Taxes

The (benefit) provision for income taxes for the years ended December 31, 2024 and 2023 is comprised of the following (in thousands):

			Year Ended December 31,
			2024						2023
Current:
Federal			$	—					$	—
State			598						20
Foreign			29						14
Total current			627						34
Deferred:
Federal			(43)						9
State			105						—
Foreign			—						—
Total deferred			62						9
(Benefit) Provision for income taxes			$	689					$	43

Summary of Net Deferred Tax Assets

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

			December 31,
			2024						2023
Deferred tax assets:
Accrued expenses			$	4,620					$	1,185
Provision for excess and obsolete inventory			4,162						4,679
Capitalized research and experimental expenditures			11,216						8,629
Convertible debt			608						3,526
Depreciation and amortization			2,063						1,725
Interest expense limitation			19,944						18,689
Net operating loss and tax credit carryforwards			97,347						108,690
Share-based compensation			1,533						3,065
Operating lease liability			985						819
Other			351						—
Deferred tax assets			142,829						151,007
Valuation allowances			(141,628)						(149,529)
Deferred tax assets, net of valuation allowances			1,201						1,478
Deferred tax liabilities:
Right of use asset			(710)						(1,085)
Acquired intangible assets			(665)						(505)
Deferred tax liabilities			(1,375)						(1,590)
Deferred tax liabilities, net			$	(174)					$	(112)

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 2024 and 2023 to loss before income taxes as follows (in thousands):

			Year Ended December 31,
			2024						2023
Federal tax benefit, at statutory rate			$	(2,535)					$	(9,895)
State provision, net of federal benefit			1,374						711
Foreign tax rate difference			(17)						(36)
Foreign income inclusions			6,177						—
Valuation allowance against future tax benefits			(8,515)						9,296
Research and development credits			(1,204)						(760)
Share-based compensation			1,989						1,622
Disallowance of loss on debt exchanges			3,344						—
Non-deductible officers compensation			19						—
True-up of prior year provisions			26						(942)
Other			31						47
Provision for income taxes			$	689					$	43

Summary of Reconciliation in 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, 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
Increases related to current and prior year tax positions			719
Balance at December 31, 2024			$	13,358

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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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-Topic 740
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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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