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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Loss before Income Taxes and Non-controlling Interests

The components of loss before income taxes and non-controlling interests consist of the following for the years ended December 31:

(in thousands)						2024						2023
Domestic - Luxembourg						$	(34,896)					$	(56,506)
Foreign - U.S.						(283)						(453)
Foreign - non-U.S.						2,312						4,611
Total						$	(32,867)					$	(52,348)

Schedule of Income Tax Provision (Benefit)

The income tax provision consists of the following for the years ended December 31:

(in thousands)						2024						2023
Current:
Foreign - U.S. federal						$	(313)					$	(1,014)
Foreign - U.S. state						72						(206)
Foreign - non-U.S.						(3,024)						(2,449)
						$	(3,265)					$	(3,669)
Deferred:
Foreign - U.S. federal						$	458					$	257
Foreign - U.S. state						(117)						(11)
Foreign - non-U.S.						343						(291)
						$	684					$	(45)
Income tax provision						$	(2,581)					$	(3,714)

Schedule of Tax Effects of Temporary

A summary of the tax effects of the temporary differences is as follows for the years ended December 31:

(in thousands)						2024						2023
Non-current deferred tax assets:
Net operating loss carryforwards						$	527,180					$	481,741
U.S. federal and state tax credits						622						228
Other non-U.S. deferred tax assets						12,346						12,487
Share-based compensation						1,308						1,420
Accrued expenses						2,308						1,931
Capital loss carryforward						—						10,046
Depreciation						14						8
Non-current deferred tax liabilities:
Intangible assets						(9,141)						(9,122)
Other non-U.S. deferred tax liability						(15)						(433)
Other						(596)						(415)
						534,026						497,891
Valuation allowance						(537,425)						(501,927)
Non-current deferred tax liabilities, net						$	(3,399)					$	(4,036)

Schedule of Income Tax Statutory Rate

The following table reconciles the Luxembourg statutory tax rate to our effective tax rate for the years ended December 31:

						2024						2023
Statutory tax rate						24.94		%				24.94		%
Change in valuation allowance						(110.68)						(186.89)
State tax expense						(0.18)						(0.33)
Uncertain tax positions						(5.02)						(2.98)
Unrealized losses						(27.90)						—
Tax rate differences on foreign earnings						0.89						(1.58)
Tax exempt income						0.04						0.18
Provision to return						0.06						—
Loss on treasury shares						112.55						160.11
Other						(2.55)						(0.54)
Effective tax rate						(7.85)		%				(7.09)		%

Schedule of Unrecognized Tax Benefits

The following table summarizes changes in unrecognized tax benefits during the years ended December 31:

(in thousands)						2024						2023
Amount of unrecognized tax benefits as of the beginning of the year						$	9,208					$	9,015
Decreases as a result of tax positions taken in a prior period						(191)						(65)
Increases as a result of tax positions taken in a prior period						1,009						—
Increases as a result of tax positions taken in the current period						214						258
Amount of unrecognized tax benefits as of the end of the year						$	10,240					$	9,208

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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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