XML 50 R33.htm IDEA: XBRL DOCUMENT v3.22.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The Company's loss before income taxes is as follows (in thousands):

			As of December 31,
			2021						2020
U.S.			$	(6,956)					$	(4,664)
Non - U.S.			(13,980)						(12,110)
			$	(20,936)					$	(16,774)

Schedule of Components of Income Tax Expense (Benefit)

The components of federal and state income tax (benefit) are as follows (in thousands):

			As of December 31,
			2021						2020
Current
Federal			$	—					$	—
State			2						5
Foreign			—						—
Total current			2						5
Deferred expense
Federal			(239)						—
State			—						(22)
Foreign			—						—
Total deferred			(239)						(22)
Total income tax benefit			$	(237)					$	(17)

Schedule of Deferred Tax Assets and Liabilities

The components of net deferred tax assets are as follows (in thousands):

			As of December 31,
			2021						2020
Net operating loss carryforwards			$	9,059					$	7,155
Stock-based compensation			140						75
Licensing deduction deferral			3,236						4,059
Contingent consideration			62						973
Lease liability			170						208
Other			217						190
Gross deferred tax assets			12,884						12,660
Valuation allowance			(12,732)						(11,514)
Net deferred tax assets			$	152					$	1,146

The components of gross deferred tax liabilities are as follows (in thousands):

			As of December 31,
			2021						2020
In-process research and development not subject to future amortization for tax purposes			$	—					$	1,197
Right of use asset			152						188
Gross deferred tax liability			$	152					$	1,385

The net deferred tax liabilities are as follows (in thousands):

			As of December 31,
			2021						2020
Net deferred tax asset			$	152					$	1,146
Gross deferred tax liability			152						1,385
Net deferred tax liability			$	—					$	239

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes differs from the provision computed by applying the federal statutory rate to net loss before income taxes as follows:

			As of December 31,
			2021						2020
U.S. federal statutory income tax rate			(21.0)		%				(21.0)		%
State and local taxes, net of federal benefit			(0.2)		%				2.5		%
Foreign rate differential			14.0		%				15.2		%
Permanent differences			0.2		%				0.2		%
Contingent consideration			—		%				0.1		%
Other			0.1		%				11.0		%
Valuation allowance			5.8		%				(8.1)		%
Effective income tax rate			(1.1)		%				(0.1)		%

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration