XML 37 R24.htm IDEA: XBRL DOCUMENT
v3.19.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Provision for Income Taxes | Income tax provision for the years ended December 31, 2018 and 2017 is as follows:
|  | 2018 |  |  | 2017 |
|  | (in thousands) |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | (57 | ) |  | $ | — |
State and local |  |  | 20 |  |  |  | 18 |
Foreign |  |  | 156 |  |  |  | 43 |
Total Current |  |  | 119 |  |  |  | 61 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | 616 |  |  |  | 1,637 |
State and local |  |  | (86 | ) |  |  | 42 |
Foreign |  |  | 46 |  |  |  | 41 |
Total before change in valuation allowance |  |  | 576 |  |  |  | 1,720 |
Change in Valuation Allowance |  |  | (530 | ) |  |  | (1,679 | )
Net Deferred |  |  | 46 |  |  |  | 41 |
Income tax provision |  | $ | 165 |  |  | $ | 102 |
Reconciliation of Provision for Income Taxes | A reconciliation of the provision for income taxes and the amount computed by applying the statutory federal income tax rate to income before income taxes is detailed below:
|  | 2018 |  |  | 2017 |
|  | (in thousands) |
Tax provision at expected statutory rate |  | $ | 330 |  |  | $ | 75 |
State taxes, net of federal benefit |  |  | 43 |  |  |  | 81 |
Permanent differences |  |  | 122 |  |  |  | 450 |
Credits |  |  | (82 | ) |  |  | (106 | )
Foreign tax expense, and other |  |  | 420 |  |  |  | (381 | )
Change in rate |  |  | (138 | ) |  |  | 1,662 |
Change in valuation allowance |  |  | (530 | ) |  |  | (1,679 | )
Provision for income taxes |  | $ | 165 |  |  | $ | 102 |
Tax Effects of Temporary Differences and Carry-Forwards | Deferred income taxes for 2018 and 2017 were provided for the temporary differences between the financial reporting basis and the tax basis of the Company's assets and liabilities. Tax effects of temporary differences and carry-forwards at December 31, 2018 and 2017 were as follows:
|  | December 31, 2018 |  |  | December 31, 2017 |
|  | Deferred Tax |  |  | Deferred Tax |
|  | Asset |  |  | Liability |  |  | Asset |  |  | Liability |
|  | (in thousands) |
Inventory reserve |  | $ | 301 |  |  | $ | — |  |  | $ | 325 |  |  | $ | — |
Fixed assets |  |  | — |  |  |  | 90 |  |  |  | — |  |  |  | 141 |
Other reserves and accruals |  |  | 207 |  |  |  | — |  |  |  | 133 |  |  |  | — |
Stock-based compensation |  |  | 23 |  |  |  | — |  |  |  | 18 |  |  |  | — |
Other |  |  | — |  |  |  | 24 |  |  |  | — |  |  |  | 29 |
Tax credit carry-forwards |  |  | 1,966 |  |  |  | — |  |  |  | 2,284 |  |  |  | — |
Federal tax loss carry-forwards |  |  | 1,980 |  |  |  | — |  |  |  | 2,380 |  |  |  | — |
State tax loss carry-forwards |  |  | 734 |  |  |  | — |  |  |  | 657 |  |  |  | — |
Foreign tax loss carry-forwards |  |  | 127 |  |  |  | — |  |  |  | 173 |  |  |  | — |
Total deferred income taxes |  |  | 5,338 |  |  | $ | 114 |  |  |  | 5,970 |  |  | $ | 170 |
Valuation allowance |  |  | (5,097 | ) |  |  |  |  |  |  | (5,627 | ) |  |  |  |
Net deferred tax assets |  | $ | 127 |  |  |  |  |  |  | $ | 173 |  |  |  |  |

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 http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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 http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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 http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration