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NOTE 12 - INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Components of income (loss) before taxes |
|  | Year Ended December 31, |
(in thousands) |  | 2020 |  |  | 2019 |
U.S. operations |  | $ | (4,451 | ) |  | $ | (2,518 | )
Foreign operations |  |  | 874 |  |  |  | 1,362 |
Total income (loss) before taxes |  | $ | (3,577 | ) |  | $ | (1,156 | )
Components of income tax expense (benefit) |
|  | Year Ended December 31, |
(in thousands) |  | 2020 |  |  | 2019 |
Current tax expense (benefit) |  |  |  |  |  |
U.S. federal |  | $ | 0 |  |  | $ | (42 | )
State |  |  | (2 | ) |  |  | 8 |
Foreign |  |  | 389 |  |  |  | 65 |
|  |  | 387 |  |  |  | 31 |
Deferred tax expense (benefit) – U.S. federal |  |  | - |  |  |  | - |
Total income tax expense (benefit) |  | $ | 387 |  |  | $ | 31 |
Reconciliation of effective income tax |
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |
(in thousands) |  |  |  |  |  |
Statutory tax |  | $ | (751 | ) |  | $ | (243 | )
State and foreign income tax, net of federal income tax benefit |  |  | 151 |  |  |  | (230 | )
Valuation allowance for deferred tax assets |  |  | 1,513 |  |  |  | 568 |
Foreign sourced deemed dividend income |  |  | (394 | ) |  |  | - |
Stock based compensation |  |  | (136 | ) |  |  | (177 | )
Other |  |  | 4 |  |  |  | 113 |
Total income tax expense (benefit) |  | $ | 387 |  |  | $ | 31 |
Schedule of deferred tax assets and liabilities |
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |
(in thousands) |  |  |  |  |  |
Deferred income tax assets: |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 10 |  |  | $ | 13 |
Inventory and product return reserves |  |  | 573 |  |  |  | 464 |
Compensation accruals |  |  | 1,973 |  |  |  | 1,723 |
Accrued liabilities |  |  | 179 |  |  |  | 129 |
Book-over-tax depreciation and amortization |  |  | 91 |  |  |  | 25 |
Foreign net operating loss carryforwards |  |  | 53 |  |  |  | 3 |
U.S. net operating loss carryforwards |  |  | 3,739 |  |  |  | 2,904 |
U.S. credit carryforwards |  |  | 2,345 |  |  |  | 2,280 |
|  |  | 8,963 |  |  |  | 7,541 |
Valuation Allowance |  |  | (8,963 | ) |  |  | (7,541 | )
Total Deferred Income Tax Assets |  | $ | - |  |  | $ | - |
Schedule of unrecognized tax benefits |
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |
(in thousands) |  |  |  |  |  |
Unrecognized tax benefits, opening balance |  | $ | 348 |  |  | $ | 308 |
Prior period tax position increases |  |  | - |  |  |  | 10 |
Additions based on tax positions related to current year |  |  | 17 |  |  |  | 30 |
Unrecognized tax benefits, ending balance |  | $ | 365 |  |  | $ | 348 |

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