XML 46 R31.htm IDEA: XBRL DOCUMENT v3.24.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Loss Before Income Taxes

Loss before income taxes are as follows:

 Schedule of Loss Before Income Taxes

		2023				2022
Domestic		$	(4,073	)			(596	)
Foreign			(121	)			376
Total		$	(4,194	)		$	(220	)

Schedule of Components of Income Tax Expense (Benefit)

The expense/(benefit) for income taxes for the years ended December 31 includes the following (in thousands):

 Schedule of Components of Income Tax Expense (Benefit)

		2023				2022
Current:
Federal		$	(16	)		$	1
State			2				3
Total current tax provision			(14	)			4
Deferred:
Federal			-				-
State			-				-
Total deferred tax provision			-				-
Income tax (benefit) expense		$	(14	)		$	4

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of the federal statutory income tax rate to our effective tax rate for the years ended December 31 is as follows (in thousands):

 Schedule of Effective Income Tax Rate Reconciliation

		2023				2022
Expected provision at federal statutory tax rate at 21%		$	(881	)		$	(46	)
Increase (decrease) in valuation allowance			688				(33	)
State and local taxes			21				84
Foreign tax rate differential			(1	)			4
US taxation of foreign operations			-				80
Federal research and development credits			(75	)			(55	)
Change in tax rates			-				10
Non-deductible expenses			37				62
Disposition of Tantaline			193				-
Other			4				(102	)
Income tax (benefit) expense		$	(14	)		$	4

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences giving rise to significant portions of the net deferred taxes as of December 31 are as follows (in thousands):

 Schedule of Deferred Tax Assets and Liabilities

		2023				2022
Deferred income tax assets:
Net operating loss carryforwards		$	849			$	482
R&D tax credit carryforwards			1,863				1,723
Compensation costs			113				10
Vacation accrual			153				174
Intangible assets			38				27
Capitalized research and development			759				356
Other items			303				263
Deferred income tax assets			4,078				3,035
Less: valuation allowance			(3,646	)			(2,957	)
Deferred income tax assets, net of valuation allowance			432				78
Deferred incomes tax liability:
Property, plant and equipment			(365	)			(11	)
Prepaid expenses			(67	)			(67	)
Deferred income tax asset, net		$	-			$	-

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