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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Loss Before Income Taxes | Domestic and foreign components of our loss before income taxes from continuing operations were as follows (in thousands):
| For the Year Ended
| December 31, 2024 |  | December 31, 2023
Domestic | $ | (92,190) |  |  | $ | (126,830) |
Foreign | (5,478) |  |  | (4,799) |
Loss before income tax | $ | (97,668) |  |  | $ | (131,629) |
Schedule of Income Tax Provision (Benefit) | The components of the income tax provision (benefit) were as follows (in thousands):
| For the Year Ended
| December 31, 2024 |  | December 31, 2023
Current: |  |  |
Federal | $ | 145 |  |  | $ | (64) |
State | 291 |  |  | (662) |
Foreign | 1,297 |  |  | 1,431 |
Total current provision | $ | 1,733 |  |  | $ | 705 |
Deferred: |  |  |
Federal | $ | — |  |  | $ | (17,103) |
State | — |  |  | (1,829) |
Foreign | (2,103) |  |  | (2,144) |
Total deferred benefit | (2,103) |  |  | (21,076) |
Income tax benefit | $ | (370) |  |  | $ | (20,371) |
Schedule of Effective Income Tax Rate | A reconciliation of the statutory tax rate to the effective income tax rate for the periods presented was as follows (in thousands):
| For the Year Ended
| December 31, 2024 |  | December 31, 2023
| Amount | % |  | Amount | %
Income tax (benefit) provision at statutory tax rate | $ | (20,510) |  | 21.0 | % |  | $ | (27,642) |  | 21.0 | %
State tax, net of federal | (797) |  | 0.8 | % |  | (1,718) |  | 1.3 | %
Non-Controlling interest | 6,661 |  | (6.8) | % |  | 5,865 |  | (4.5) | %
Changes in unrecognized tax benefits | 754 |  | (0.8) | % |  | 2,320 |  | (1.8) | %
Foreign income taxes at different statutory rate | (248) |  | 0.3 | % |  | (93) |  | 0.1 | %
Investment in partnership basis adjustments | (3,571) |  | 3.7 | % |  | (17,627) |  | 13.4 | %
Share-based compensation | 1,966 |  | (2.0) | % |  | 3,408 |  | (2.6) | %
Change in valuation allowance | 15,798 |  | (16.2) | % |  | 19,521 |  | (14.8) | %
Other | (423) |  | 0.4 | % |  | (4,405) |  | 3.4 | %
Effective income tax rate | $ | (370) |  | 0.4 | % |  | $ | (20,371) |  | 15.5 | %
Schedule of Unrecognized Tax Benefits | The aggregate amount of gross unrecognized tax benefits related to uncertain tax positions were as follows (in thousands):
| December 31, 2024 |  | December 31, 2023
Balance at the beginning of the period | $ | 1,850 |  |  | $ | 593 |
Increases (decreases) based on tax positions related to prior periods | 490 |  |  | (46) |
Increases based on tax positions related to current periods | 192 |  |  | 1,303 |
Balance at the end of the period | $ | 2,532 |  |  | $ | 1,850 |
Schedule of Tax Years that Remain Subject to Examination in Major Tax Jurisdictions | The earliest tax years that remain subject to examination in the major tax jurisdictions in which we operate were as follows:
| Tax year
United States | 2021
California | 2020
Netherlands | 2018
Schedule of Deferred Income Taxes | The components of the deferred income taxes consisted of the following (in thousands):
| December 31, 2024 |  | December 31, 2023
Deferred tax assets: |  |  |
Net operating loss and capital loss carryforwards | $ | 6,638 |  |  | $ | 6,362 |
Tax credits | 4,894 |  |  | 4,289 |
Interest expense | 2,346 |  |  | 3,234 |
Investment in partnerships | 24,760 |  |  | 8,950 |
Other | 225 |  |  | 231 |
Total gross deferred tax assets | 38,863 |  |  | 23,066 |
Valuation allowance | (38,616) |  |  | (22,658) |
Total net deferred tax assets | $ | 247 |  |  | $ | 408 |
Deferred tax liabilities: |  |  |
Intangibles | $ | (6,026) |  |  | $ | (8,243) |
Other | (420) |  |  | (472) |
Total gross deferred tax liabilities | $ | (6,446) |  |  | $ | (8,715) |
Net deferred tax liability | $ | (6,199) |  |  | $ | (8,307) |
Schedule of Valuation Allowance | The change in the valuation allowance was comprised of the following (in thousands):
| December 31, 2024 |  | December 31, 2023
Balance at the beginning of the period | $ | 22,658 |  |  | $ | 1,087 |
Increases in valuation allowance recorded through earnings | 15,798 |  |  | 19,521 |
Increases in valuation allowance not recorded through earnings | 160 |  |  | 2,050 |
Balance at the end of the period | $ | 38,616 |  |  | $ | 22,658 |

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- 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://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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- Definition Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15 + Details
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