XML 66 R25.htm IDEA: XBRL DOCUMENT v3.23.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Loss from Continuing Operations Before Provision for Income Taxes

The components of loss before provision for income taxes consist of the following (in thousands):

		Years Ended December 31,
(In Thousands)		2021				2022
United States		$	(1,173	)		$	(7,525	)
Foreign			(2,985	)			(536	)
Loss before provision for income taxes		$	(4,158	)		$	(8,061	)

Provision for Income Taxes

The provision for income taxes consists of the following (in thousands):

		Years Ended December 31,
(In Thousands)		2021			2022
Current federal provision
State		$	204		$	58
Foreign			-			39
Deferred provision (benefit)
Federal			20			67
State			106			20
Foreign			(98	)		—
Total income tax expense (benefit)		$	232		$	184

Computation of Income Tax Expense (Benefit) from Continuing Operations Using Federal Statutory Rate

The Company’s income tax expense (benefit) differed from the amounts computed by applying the U.S. federal statutory rate to loss before provision for income taxes as a result of the following:

	Years Ended December 31,
(In Thousands)	2021			2021			2022
	As Reported			As Adjusted
Income tax benefit at U.S. statutory rate	$	(873	)	$	(873	)	$	(1,693	)
State taxes, net of valuation allowance		(448	)		313			79
Foreign tax differential		(747	)		(747	)		(150	)
Non-deductible transaction costs		(1	)		2,496			16
Stock-based compensation (1)		434			1,985			190
Gain on CARES Act loan		(1,089	)		(1,089	)		32
Valuation allowance		3,334			(1,474	)		1,815
Goodwill impairment		98			98			—
Tax credits		(544	)		(544	)		(237	)
Other expenses		68			67			132
Total income tax expense (benefit)	$	232		$	232		$	184

(1) Includes non-deductible stock-based compensation and excess tax benefits and shortfalls from stock-based compensation.

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below and reflects the 21% U.S. federal statutory rate for 2021 and 2022 (in thousands):

		Years Ended December 31,
(In Thousands)		2021			2021			2022
Deferred tax assets:		As Reported			As Adjusted
Accrued liabilities not currently deductible		$	476		$	476		$	434
Intangible assets- excess of financial statement    over tax amortization			5,985			3,245			3,341
Stock-based compensation			2,405			442			675
Federal net operating and capital losses			35,052			35,052			35,724
State, local and foreign net operating and capital loss carryforwards			3,353			4,552			5,326
Research & experimental tax and other credit carryforwards			5,184			5,685			5,421
Lease liability			866			866			426
Capitalized research and development			—			—			1,054
Other			547			547			460
Gross deferred tax assets			53,868			50,865			52,861
Valuation allowance			(53,066	)		(49,643	)		(51,795	)
Net deferred tax assets		$	802		$	1,222		$	1,066
Deferred tax liabilities:
Intangible assets-excess of tax over    financial statement amortization			(393	)		(813	)		(1,107	)
Right-of-use lease asset			(595	)		(595	)		(192	)
Net deferred tax liabilities		$	(186	)	$	(186	)	$	(233	)

Summary of Activity Related to Tax Contingencies Recorded As an Offset to Deferred Tax Assets

The following table summarizes activity related to tax contingencies from January 1, 2021 to December 31, 2022 which are recorded as an offset to deferred tax assets (in thousands):

(In Thousands)
Gross tax contingencies—January 1, 2021		$	1,365
Gross increases to current period tax positions			72
Gross decreases to tax positions associated with prior    periods			(55	)
Gross tax contingencies—December 31, 2021			1,382
Gross increases to current period tax positions			2
Gross tax contingencies—December 31, 2022		$	1,384

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 income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
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