XML 75 R30.htm IDEA: XBRL DOCUMENT v3.24.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes

Schedule of losses before income taxes

​

​	​	​	​	​	​	​
​		Year Ended December 31,
​	​	2023		​	2022
​	​	​	​	​	​	​
Domestic	​	$	(8,568)	​	$	(15,325)
Foreign	​		(11,421)	​		(5,785)
​	​	​	​	​	​	​
Income/(Loss) before Income Taxes	​	$	(19,989)	​	$	(21,110)

Schedule of components of income tax benefit

​

​	​	​	​	​	​	​
​		Year Ended December 31,
​	​	2023			2022
Current:	​	​	​	​	​	​
Federal	​	$	—	​	$	—
State	​		—	​		2
Foreign	​		—	​		—
Total Current	​		—	​		2
​	​	​	​	​	​	​
Deferred:	​			​
Federal	​	$	—	​	$	—
State	​		—	​		—
Foreign	​		(1,640)	​		(1,427)
Total Deferred	​		(1,640)	​		(1,427)
Provision (Benefit) for income taxes	​		(1,640)		​	(1,425)

Schedule of Income tax (benefit) provision related to continuing operations computed by applying the statutory income tax rate to pretax loss

Income tax (benefit) provision related to continuing operations differ from the amounts computed by applying the statutory income tax rate of 21% to pretax loss as follows (in thousands):

​

​	​	​	​	​	​	​	​	​	​	​
​		Year Ended December 31, 2023					Year Ended December 31, 2022
​		Amount			Rate		Amount		Rate
US Federal Statutory Tax Rate		$	(4,198)		21.00	%	(4,433)		21.00	%
State and Local Income Taxes, Net of Federal Income Tax Effect		​	(532)		2.66	%	(678)		3.22	%
Foreign Tax Effects-Spain		​	​		​	​	​	​	​	​
Statutory tax rate difference between Spain and United States		​	(457)		2.29	%	(231)		1.10	%
Changes in Valuation Allowances		​	1,332		(6.66)	%	—		0.00	%
Changes in Valuation Allowances	​	​	2,291	​	(11.46)	%	2,901	​	(13.74)	%
Nontaxable or Nondeductible Items		​	(187)		0.93	%	575		(2.72)	%
Other Adjustments		​	111		(0.56)	%	441		(2.11)	%
Effective Tax Rate		$	(1,640)		8.20	%	(1,425)		6.75	%

Schedule of deferred tax assets and liabilities

Deferred income taxes reflect the net tax effects of loss and credit carryforwards and temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets for federal and state income taxes are as follows (in thousands):

​

​	​	​	​	​	​	​
​	​	Year Ended December 31,
​		2023			2022
Deferred Tax Assets:		​			​
Federal, State and Foreign NOL Carryforward	​	$	27,356	​	$	22,235
Accrued Compensation	​		24	​		29
Stock Issued For Services	​		957	​		1,053
Stock Issued for Acquisition of Program	​		1,457	​		1,456
Stock Issued for License Agreement	​	​	1,124	​	​	1,362
Amortizable License Fee	​	​	3	​	​	4
Capitalized Research & Development costs	​	​	2,422	​	​	1,592
​	​	​	​	​	​	​
Total Gross DTA	​		33,343	​		27,731
Less: Valuation Allowance	​		(28,351)	​		(24,562)
Total Deferred Tax Assets	​		4,992	​		3,169
Deferred Tax Liabilities:	​	​	​	​	​	​
IPR&D	​	​	(4,939)	​	​	(4,787)
ASC 842 Net ROU Assets	​		(53)	​		—
Total Gross DTL	​		(4,992)	​		(4,787)
​	​	​	​	​	​	​
Net Deferred Tax Asset (Liability)	​	$	—	​	$	(1,618)

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