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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax Expense by Jurisdiction

The components of income before income tax expense are as follows (in thousands):

			Year Ended December 31,
			2023						2022
U.S.			$	15,319					$	9,636
Foreign			1,794						322
			$	17,113					$	9,958

Schedule of Income Tax Expense

The deferred tax provision results from changes in the Company’s deferred tax assets (future deductible amounts) and tax liabilities (future taxable amounts), which are presented in the table below:

 

			Current						Deferred						Total
			(In thousands)
Year Ended December 31, 2023
Federal			$	3,267					$	7					$	3,274
State			664						72						736
Foreign			1,126						(31)						1,095
			$	5,057					$	48					$	5,105
Year Ended December 31, 2022
Federal			$	1,772					$	528					$	2,300
State			376						221						597
Foreign			348						25						373
			$	2,496					$	774					$	3,270

Schedule of Tax Expense to Effective Tax Rate

Income tax expense differed from the amounts computed by applying the U.S. federal statutory tax rates applicable to the Company’s level of pretax income as a result of the following (in thousands):  

			Year Ended December 31,
			2023						2022
Federal tax at statutory rates			$	3,594					$	2,091
State taxes, net of federal income tax benefit			584						471
Change of valuation allowance			—						(34)
Uncertain tax positions			43						107
Foreign income taxed at different rates			539						(38)
Stock-based compensation expense			30						469
Other			315						204
Total income tax expense			$	5,105					$	3,270

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the Company’s deferred tax assets and liabilities are as follows (in thousands): 

			December 31,
			2023						2022
Deferred tax assets:
Net operating loss and credit carryforwards			$	3,349					$	4,935
Operating lease liabilities			1,947						2,417
State income taxes			109						74
Accruals and allowances			391						627
Stock-based compensation			432						256
Unrealized foreign exchange losses			363						329
Deferred revenue			61						191
Property, equipment and intangible assets			156						—
Capital loss carryforward			404						410
Total deferred tax assets			7,212						9,239
Valuation allowance			(2,878)						(4,455)
Total deferred tax assets net of valuation allowance			4,334						4,784
Deferred tax liabilities:
Operating lease right-of-use assets			(1,138)						(1,416)
Property, equipment and intangible assets			—						(146)
Total deferred tax liabilities			(1,138)						(1,562)
Net deferred tax assets			$	3,196					$	3,222

Schedule of Changes in the Deferred Tax Assets Valuation Allowance

Changes in the deferred tax assets valuation allowance for the years ended December 31, 2023 and 2022 are as follows (in thousands):

			Balance at the beginning of the year						Charged (Credited) to expenses						Charged (Credited) to other account (*)						Balance at end of year
Deferred tax assets valuation allowance
2023			$	4,455					(1,577)												$	2,878
2022			$	8,717					—						(4,262)						$	4,455

(*) Amounts not charged (credited) to expenses are charged (credited) to stockholders' equity or deferred tax assets (liabilities).

Schedule of Rollforward of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits in 2022 and 2023 is as follows (in thousands):

Gross unrecognized tax benefits balance at December 31, 2021			$	1,044
Increase related to current year tax positions			15,833
Settlements			—
Gross unrecognized tax benefits balance at December 31, 2022			16,877
Increase related to prior year tax positions			7,018
Settlements			—
Gross unrecognized tax benefits balance at December 31, 2023			$	23,895

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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 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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