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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
INCOME TAXES |
Components of income (loss) before taxes |
|  | Year Ended December 31, |
(in thousands) |  | 2022 |  |  | 2021 |
U.S. operations |  | ($1,622 | ) |  | ($2,086 | )
Foreign operations |  |  | 1,185 |  |  |  | 1,643 |
Total income (loss) before taxes |  | ($437 | ) |  | ($443 | )
Components of income tax expense (benefit) |
|  | Year Ended December 31, |
(in thousands) |  | 2022 |  |  | 2021 |
Current tax expense (benefit) |  |  |  |  |  |
U.S. federal |  | $ | 0 |  |  | $ | 0 |
State |  |  | 19 |  |  |  | (2 | )
Foreign |  |  | 664 |  |  |  | 114 |
|  |  | 683 |  |  |  | 112 |
Deferred tax expense (benefit) – U.S. federal |  |  | - |  |  |  | - |
Total income tax expense (benefit) |  | $ | 683 |  |  | $ | 112 |
Reconciliation of effective income tax |
|  | Year Ended December 31, |
(in thousands) |  | 2022 |  |  | 2021 |
Statutory tax |  | ($92 | ) |  | ($93 | )
State and foreign income tax, net of federal income tax benefit |  |  | (189 | ) |  |  | (254 | )
Valuation allowance for deferred tax assets |  |  | 370 |  |  |  | 454 |
Foreign sourced deemed dividend income |  |  | 738 |  |  |  | 341 |
Stock based compensation |  |  | (154 | ) |  |  | (325 | )
Other |  |  | 10 |  |  |  | (11 | )
Total income tax expense (benefit) |  | $ | 683 |  |  | $ | 112 |
Schedule of deferred tax assets and liabilities |
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |
(in thousands) |  |  |  |  |  |
Deferred income tax assets: |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 22 |  |  | $ | 13 |
Inventory and product return reserves |  |  | 477 |  |  |  | 484 |
Compensation accruals |  |  | 2,511 |  |  |  | 2,421 |
Accrued liabilities |  |  | 151 |  |  |  | 202 |
Book-over-tax depreciation and amortization |  |  | 25 |  |  |  | 23 |
Foreign net operating loss carryforwards |  |  | 149 |  |  |  | 22 |
U.S. net operating loss carryforwards |  |  | 4,399 |  |  |  | 3,301 |
U.S. credit carryforwards |  |  | 1,560 |  |  |  | 1,440 |
|  |  | 9,294 |  |  |  | 7,906 |
Valuation Allowance |  |  | (9,294 | ) |  |  | (7,906 | )
Total Deferred Income Tax Assets |  | $ | - |  |  | $ | - |
Schedule of unrecognized tax benefits |
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |
(in thousands) |  |  |  |  |  |
Unrecognized tax benefits, opening balance |  | $ | 392 |  |  | $ | 365 |
Prior period tax position increases |  |  | - |  |  |  | - |
Additions based on tax positions related to current year |  |  | 30 |  |  |  | 27 |
Unrecognized tax benefits, ending balance |  | $ | 422 |  |  | $ | 392 |

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