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Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Year Ended December 31
(In thousands)		2024				2023
Current:
Federal		$	(1,260	)		$	(24	)
State			(278	)			(70	)
Foreign			3				123
Total current			(1,535	)			29
Deferred:
Federal			(7,597	)			(3,352	)
State			(1,001	)			(462	)
Foreign			(275	)			20
Less: valuation allowance			8,597				3,649
Total deferred			(276	)			(145	)
Total income tax expense (benefit)		$	(1,811	)		$	(116	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year Ended December 31,
(In thousands)		2024								2023
Federal income taxes at the statutory rate		$	(6,528	)			21.0	%		$	(13,300	)			21.0	%
Share-based compensation shortfall (windfall)			6				(0.0	)			13				(0.0	)
Effect of state taxes, net of federal tax benefit			(999	)			3.2				(517	)			0.8
Non-deductible items			39				(0.1	)			(421	)			0.7
Goodwill impairment			—				—				9,491				(15.0	)
Return to provision adjustment			(540	)			1.7				2,731				(4.3	)
Foreign rate difference			(56	)			0.2				16				(0.0	)
Deferred only adjustments			343				(1.1	)			197				(0.3	)
Research and development credit			(1,194	)			3.8				(1,992	)			3.1
Other			1				(0.0	)			17				(0.0	)
Change in valuation allowance			8,597				(27.7	)			3,649				(5.8	)
Reversal of uncertain tax position (UTP)			(1,480	)			4.8				—				—
Income tax expense (benefit)		$	(1,811	)			5.8	%		$	(116	)			0.2	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

(In thousands)		December 31, 2024				December 31, 2023
Deferred tax assets:
Net operating loss carryforwards		$	5,136			$	1,400
Share-based compensation			4,569				5,129
Capitalized research and experimental expenditures			5,257				3,069
Intangible assets, net			2,230				1,415
Tax credits			2,786				1,413
Accrued expense			894				1,178
Operating lease liability			450				973
Interest expense limitation			1,652				589
Accounts receivable, net			119				56
Other			765				280
			23,858				15,502
Valuation allowance			(23,165	)			(14,568	)
Total deferred tax assets, net of valuation allowance			693				934
Deferred tax liabilities:
Operating lease right-of-use asset			(383	)			(827	)
Property and equipment, net			(64	)			(136	)
			(447	)			(963	)
Net deferred tax asset (liability)		$	246			$	(29	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		Year Ended December 31,
(In thousands)		2024				2023
Unrecognized tax benefits, opening balance		$	1,480			$	1,480
Reductions in unrecognized tax benefits for tax positions of prior years			(1,480	)			—
Unrecognized tax benefits, ending balance		$	—			$	1,480

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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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