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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Income (Loss) Before Provision for (Benefit From) Income Taxes | he geographical breakdown of the Company’s income before provision for income taxes was as follows (in thousands):
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Domestic |  | $ | 17,352 |  |  | $ | 19,094 |
International |  |  | 2,442 |  |  |  | 5,683 |
Profits before provision for income taxes |  | $ | 19,794 |  |  | $ | 24,777 |
Summary of Income Tax Expense Attributable to Income From Continuing Operations | Income tax expense attributable to income from continuing operations consists of (in thousands):
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Current provision for income taxes: |  |  |  |  |  |  |  |
Federal |  | $ | 162 |  |  | $ | 702 |
Foreign |  |  | 656 |  |  |  | 1,444 |
State |  |  | 785 |  |  |  | 472 |
Total current |  |  | 1,603 |  |  |  | 2,618 |
Deferred tax expense (benefit): |  |  |  |  |  |  |  |
Federal |  |  | 3,826 |  |  |  | 574 |
Foreign |  |  | 34 |  |  |  | 488 |
State |  |  | (417 | ) |  |  | 18 |
Total deferred tax expense: |  |  | 3,443 |  |  |  | 1,080 |
Total provision for income taxes |  | $ | 5,046 |  |  | $ | 3,698 |
Schedule of Reconciliation of Federal Statutory Rate to Company's Effective Tax Rate | The following table presents a reconciliation of the federal statutory rate to the Company’s effective tax rate:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
U.S. federal tax benefit at statutory rate |  |  | 21.0 | % |  |  | 21.0 | %
State taxes, net of federal benefit |  |  | 1.9 | % |  |  | 2.1 | %
Permanent differences |  |  | 3.6 | % |  |  | 2.0 | %
Foreign rate differential |  |  | 0.2 | % |  |  | 0.5 | %
Valuation allowance |  |  | 0.0 | % |  |  | -2.1 | %
Other |  |  | -1.2 | % |  |  | -9.0 | %
Effective tax rate |  |  | 25.5 | % |  |  | 14.5 | %
Schedule of Deferred Tax Assets and Deferred Tax Liabilities | The tax effects of temporary differences and carryforwards that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2023 and 2022 are presented below (in thousands):
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Deferred tax assets |  |  |  |  |  |  |  |
Net operating loss carryforward |  | $ | 1,544 |  |  | $ | 3,378 |
Allowance for doubtful accounts |  |  | 333 |  |  |  | 323 |
Share-based compensation |  |  | 1,451 |  |  |  | 941 |
Bonus accrual |  |  | 440 |  |  |  | 599 |
Inventory |  |  | 130 |  |  |  | 53 |
Intangible assets |  |  | 1,129 |  |  |  | 1,152 |
Other |  |  | — |  |  |  | 140 |
Gross deferred tax assets |  |  | 5,028 |  |  |  | 6,587 |
Valuation allowance |  |  | — |  |  |  | — |
Net deferred tax assets |  |  | 5,028 |  |  |  | 6,587 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Depreciation on property, plant, and equipment |  |  | (11,391 | ) |  |  | (8,958 | )
Withholding tax on unremitted earnings |  |  | (264 | ) |  |  | (72 | )
Other |  |  | — |  |  |  | (742 | )
Deferred tax liabilities |  |  | (11,655 | ) |  |  | (9,772 | )
Net deferred liabilities |  | $ | (6,627 | ) |  | $ | (3,185 | )

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- 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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- 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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