XML 67 R44.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Loss before Income Tax Benefit (Expense), Domestic and Foreign | For financial reporting purposes, Loss Before Income Tax Benefit (Expense) includes the following components (in thousands):
| Year Ended December 31,
| 2023 |  | 2022
United States | $ | (45,517) |  |  | $ | (42,254) |
Foreign | (32,658) |  |  | (2,170) |
Loss Before Income Tax Benefit (Expense) | $ | (78,175) |  |  | $ | (44,424) |
Schedule of Significant Components of Income Tax Expense (Benefit) | The significant components of Income Tax Benefit (Expense) are as follows (in thousands):
| Year Ended December 31,
| 2023 |  | 2022
Current: |  |  |
Federal | $ | – |  |  | $ | – |
State | – |  |  | – |
Foreign | – |  |  | (150) |
| – |  |  | (150) |
Deferred: |  |  |
Federal | 152 |  |  | – |
State | 116 |  |  | – |
Foreign | 705 |  |  | 45 |
| 973 |  |  | 45 |
Income Tax Benefit (Expense) | $ | 973 |  |  | $ | (105) |
Schedule of Deferred Tax Assets and Liabilities | Deferred Tax Liability, net consists of the following components (in thousands):
| As of December 31,
| 2023 |  | 2022
Deferred Tax Assets: |  |  |
Net Operating Loss Carryover | $ | 48,857 |  |  | $ | 40,870 |
Lease Liability | 2,632 |  |  | 3,140 |
Stock Compensation | 1,884 |  |  | 2,355 |
Warrants | 18 |  |  | 153 |
Marketable Securities | 249 |  |  | 1,851 |
Other | 2,519 |  |  | 1,924 |
Total Gross Deferred Tax Assets | 56,159 |  |  | 50,293 |
Less: Valuation Allowance | (49,963) |  |  | (42,938) |
Deferred Tax Assets, net | $ | 6,196 |  |  | $ | 7,355 |
Deferred Tax Liabilities: |  |  |
Right-of-Use Assets | (2,427) |  |  | (2,949) |
Intangible Assets (1) | (5,168) |  |  | (6,778) |
Total Gross Deferred Tax Liabilities | $ | (7,595) |  |  | $ | (9,727) |
Deferred Tax Liability, net | $ | (1,399) |  |  | $ | (2,372) |
(1) The December 31, 2022 balance is adjusted to include the correction of error as noted in Note 2 within the Restatement of Previously Issued 2022 Financial Statements and Unaudited Interim 2023 Financial Statements section.
Schedule of Effective Income Tax Rate Reconciliation | The income tax provision differs from the amount of income tax determined by applying the U.S. federal tax rate to pretax income from continuing operations due to the following (in thousands):
| Year Ended December 31,
| 2023 |  | 2022
Income Tax Benefit Computed at the Statutory Federal Rate | $ | 16,396 |  |  | $ | 9,553 |
State Income Taxes, Net of Federal Tax Effect | 1,630 |  |  | 1,883 |
Stock Compensation | (828) |  |  | (1,894) |
Contingent Earn Out | – |  |  | 282 |
Goodwill Impairment | (7,042) |  |  | (1,020) |
Warrants | (583) |  |  | 53 |
Other | (729) |  |  | (960) |
Non-U.S. operations | 858 |  |  | 94 |
Valuation Allowance | (8,729) |  |  | (8,096) |
Income Tax Benefit (Expense) | $ | 973 |  |  | $ | (105) |

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 -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
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 -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
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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + 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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration