XML 50 R39.htm IDEA: XBRL DOCUMENT v3.25.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

The tax effect of temporary differences and net operating loss and tax credit carryforwards that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2024 and 2023 are presented below (in thousands).

		2024				2023
Deferred tax assets:
U.S. Federal and State net operating loss carryforwards		$	216,158			$	191,671
Foreign net operating loss carryforwards			3,906				7,093
Research and development tax credits			7,153				8,348
Share-based compensation			4,675				5,083
Intangible Assets			19,279				24,563
Interest expense carryforward			15,369				12,183
Deferred Revenue			44,005				46,025
Lease Liability			13,246				17,709
Capitalized research expenditures			87,041				70,879
Other			5,920				8,773
Total deferred tax assets			416,752				392,327
Less: valuation allowance			(401,491	)			(376,483	)
Net deferred tax assets			15,261				15,844
Foreign intangible assets			(441	)			(462	)
Right of use asset			(5,875	)			(6,761	)
Depreciable assets			(8,919	)			(8,589	)
Other			(138	)			(144	)
Deferred tax liabilities			(15,373	)			(15,956	)
Net deferred tax liability		$	(112	)		$	(112	)

Schedule of Effective Income Tax Rate Reconciliation

Income tax expense was nil for the years ended December 31, 2024, 2023 and 2022. Income taxes recorded differed from the amounts computed by applying the U.S. Federal income tax rate of 21% to loss before income taxes as a result of the following (in thousands).

		2024				2023				2022
Computed “expected” Federal tax benefit		$	(48,780	)		$	(54,096	)		$	(48,438	)
(Increase) reduction in income taxes benefit resulting from:
Change in valuation allowance			25,986				27,647				50,039
(Decrease) increase due to uncertain tax positions			40				—				—
Nontaxable liquidation of subsidiaries			1,402				1,925				—
Loan forgiveness			—				—				1,206
State and local income benefit, net of Federal income tax    benefit			2,002				4,565				(12,533	)
Equity based compensation			3,054				4,696				3,000
Foreign rate differential			396				(213	)			(267	)
Change in fair value contingent consideration			—				—				(171	)
Expiration of tax attributes			14,250				14,288				10,428
Other, net			1,650				1,188				(3,264	)
Income tax benefit		$	—			$	—			$	—

Schedule of Unrecognized Tax Benefits

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

		2024				2023				2022
Balance, January 1		$	3,433			$	3,291			$	3,148
Increase (decrease) related to current year positions			(51	)			(6	)			3
Increase (decrease) related to previously recognized positions			(152	)			148				140
Balance, December 31		$	3,230			$	3,433			$	3,291

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 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
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ 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://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ 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 the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

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