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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income (Loss) Before Income Taxes by Tax Jurisdiction | Income (loss) before income taxes by tax jurisdiction consists of the following for the periods shown below (in thousands):
| Years Ended December 31,
| 2024 |  | 2023 |  |
United States | $ | (31,268) |  |  | $ | (7,749) |  |  |
Foreign | 3,980 |  |  | 5,229 |  |  |
Total income (loss) | $ | (27,288) |  |  | $ | (2,520) |  |  |
Schedule of Provision for (Benefit from) Current and Deferred Income Taxes | Provision for (benefit from) current and deferred income taxes consists of the following for the periods shown below (in thousands):
| Years Ended December 31,
| 2024 |  | 2023 |  |
Current tax expense: |  |  |  |  |
Federal | $ | (11) |  |  | $ | 55 |  |  |
State | 710 |  |  | 559 |  |  |
Foreign | 2,071 |  |  | 3,861 |  |  |
Total current tax expense | $ | 2,770 |  |  | $ | 4,475 |  |  |
Deferred tax expense: |  |  |  |  |
Federal | $ | (634) |  |  | $ | 9,234 |  |  |
State | 364 |  |  | 3,643 |  |  |
Foreign | (1,101) |  |  | (479) |  |  |
Total deferred tax expense | $ | (1,371) |  |  | $ | 12,398 |  |  |
Income tax expense | $ | 1,399 |  |  | $ | 16,873 |  |  |
Schedule of Difference Between the Actual Rate and the Federal Statutory Rate | The difference between the actual rate and the federal statutory rate is as follows:
| Years Ended December 31,
| 2024 |  | 2023 |  |
Statutory rate | 21.0 | % |  | 21.0 | % |  |
Foreign provision | (0.2) |  |  | 6.6 |  |  |
State/province income tax | 2.7 |  |  | (3.7) |  |  |
Stock compensation | (9.6) |  |  | 43.6 |  |  |
Unrecognized tax benefits | (0.1) |  |  | 11.1 |  |  |
Research credit | 2.5 |  |  | 14.8 |  |  |
Return to provision | 5.8 |  |  | (15.3) |  |  |
Other foreign branch impacts | (4.6) |  |  | (16.7) |  |  |
Valuation allowance | (17.5) |  |  | (643.4) |  |  |
Foreign-derived intangible income deduction (FDII) | 0.2 |  |  | 1.2 |  |  |
Global intangible low taxed income (GILTI) | (0.5) |  |  | (2.8) |  |  |
Non-deductible expenses-other | (4.0) |  |  | (30.7) |  |  |
Foreign branch income | (3.1) |  |  | (43.6) |  |  |
Foreign tax deduction | 1.8 |  |  | 23.8 |  |  |
Fair value adjustment on warrants | 0.8 |  |  | 25.2 |  |  |
Foreign tax settlement | — |  |  | (60.6) |  |  |
Other | (0.3) |  |  | (0.2) |  |  |
Effective tax rate | (5.1) | % |  | (669.7) | % |  |
Schedule of Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities consist of the following (in thousands):
| December 31,
| 2024 |  | 2023
Deferred tax assets: |  |  |
Net operating loss carryforwards | $ | 2,941 |  |  | $ | 5,770 |
Tax credit carryforwards | 2,545 |  |  | 1,953 |
Accrued liabilities | 3,782 |  |  | 955 |
Stock compensation | 5,954 |  |  | 5,826 |
Charitable contribution | 1 |  |  | 509 |
Intangibles | — |  |  | 852 |
Property and equipment | 13,185 |  |  | 5,288 |
Operating lease liabilities | 2,231 |  |  | 2,425 |
Other | 84 |  |  | — |
Total gross deferred tax assets | $ | 30,723 |  |  | $ | 23,578 |
Less: Valuation allowance | (23,827) |  |  | (18,300) |
Total deferred tax assets | $ | 6,896 |  |  | $ | 5,278 |
Deferred tax liabilities: |  |  |
Intangibles | 638 |  |  | — |
Prepaid expenses | 1,100 |  |  | 1,159 |
Operating lease assets | 2,140 |  |  | 2,282 |
Other | — |  |  | 271 |
Total deferred tax liabilities | $ | 3,878 |  |  | $ | 3,712 |
Deferred tax assets (liability), net | $ | 3,018 |  |  | $ | 1,566 |
Schedule of Unrecognized Tax Benefits Roll Forward | The following is a tabular reconciliation of the total amounts of unrecognized tax benefits:
| Years Ended December 31,
| 2024 |  | 2023 |  |
Balance at beginning of period | $ | 347 |  |  | $ | 533 |  |  |
Increases for tax positions of prior years | 170 |  |  | 75 |  |  |
Increases for tax positions of current year | 170 |  |  | — |  |  |
Decreases for tax positions of prior years | (14) |  |  | — |  |  |
Settlements | — |  |  | — |  |  |
Decreases for lapses in statute of limitations | (148) |  |  | $ | (261) |  |  |
Balance at end of period | $ | 525 |  |  | $ | 347 |  |  |

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