XML 50 R36.htm IDEA: XBRL DOCUMENT
v3.22.4

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Components Of Provision For Income Taxes | Components of income tax expense are as follows:
(In thousands) | December 31, 2022 |  | December 31, 2021 |  |
Current: |  |  |  |  |
Federal | $ | 214 |  |  | $ | 217 |  |  |
State | 29 |  |  | 54 |  |  |
Foreign | 124 |  |  | 109 |  |  |
| 367 |  |  | 380 |  |  |
Deferred: |  |  |  |  |
Federal | (4,096) |  |  | (2,518) |  |  |
State | (1,004) |  |  | (613) |  |  |
| (5,100) |  |  | (3,131) |  |  |
Valuation allowance | 5,100 |  |  | 3,131 |  |  |
Total income tax expense | $ | 367 |  |  | $ | 380 |  |  |
Statutory Federal Income Tax Rate | Below is a reconciliation of the statutory federal income tax rate to the Company's effective tax rate:
| Year Ended December 31,
| 2022 |  | 2021 |  |
Federal tax provision | 21.0 | % |  | 21.0 | % |  |
State taxes (net of federal benefit) | 4.4 | % |  | 3.8 | % |  |
Valuation allowance | (22.3) | % |  | (21.1) | % |  |
Incentive stock compensation expense | (2.2) | % |  | (1.8) | % |  |
Section 162(m) compensation | (1.1) | % |  | (3.8) | % |  |
GILTI | (0.9) | % |  | (1.2) | % |  |
Other | (0.5) | % |  | 0.5 | % |  |
Total | (1.6) | % |  | (2.6) | % |  |
Deferred Tax Assets (Liabilities) | Major components of the Company’s deferred tax assets (liabilities) are as follows:
(In thousands) | December 31, 2022 |  | December 31, 2021 |  |
Deferred tax assets: |  |  |  |  |
Loss and credit carryforwards | $ | 7,476 |  |  | $ | 4,256 |  |  |
Stock-based compensation | 2,381 |  |  | 1,701 |  |  |
Research and development capitalization | 982 |  |  | — |  |  |
Accrued insurance deductibles | 400 |  |  | 70 |  |  |
Inventory 263A adjustment | 394 |  |  | — |  |  |
Deferred revenue | 339 |  |  | 163 |  |  |
Accrued bonus | — |  |  | 555 |  |  |
Other | 553 |  |  | 653 |  |  |
Total deferred tax assets | 12,525 |  |  | 7,398 |  |  |
Valuation allowance | (12,068) |  |  | (6,968) |  |  |
Total deferred tax assets, net of valuation allowance | 457 |  |  | 430 |  |  |
Deferred tax liabilities: |  |  |  |  |
Property and equipment | (205) |  |  | (205) |  |  |
Other | (252) |  |  | (225) |  |  |
Total deferred tax liabilities | (457) |  |  | (430) |  |  |
Net deferred tax assets | $ | — |  |  | $ | — |  |  |
Unrecognized Tax Benefits Roll-Forward | The following is a roll-forward of the Company's total gross unrecognized tax benefits, not including interest and penalties, for the years ended December 31:
(in thousands) |  | Gross Unrealized Tax Benefits
|  | 2022 |  | 2021
Beginning of year balance |  | $ | 1,313 |  |  | $ | 1,313 |
Additions of tax positions related to the current year |  | — |  |  | — |
Additions of tax positions related to the prior year |  | — |  |  | — |
Decreases for tax positions related to prior year |  | — |  |  | — |
End of year balance |  | $ | 1,313 |  |  | $ | 1,313 |

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 https://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 https://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 https://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 the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI https://asc.fasb.org/extlink&oid=126976462&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration