INCOME TAXES (Tables)
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12 Months Ended |
Dec. 31, 2021 |
Income Tax Disclosure [Abstract] |
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Schedule of Income before Income Tax, Domestic and Foreign |
Income (loss) before taxes on income is comprised as follows:
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Year ended December 31, |
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2021 |
|
2020 |
|
2019 |
Domestic |
$ |
(11,098) |
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|
$ |
1,241 |
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|
$ |
(6,689) |
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Foreign |
863 |
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|
(853) |
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|
257 |
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Total income (loss) before income taxes
|
$ |
(10,235) |
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|
$ |
388
|
|
|
$ |
(6,432) |
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Schedule of Components of Income Tax Expense (Benefit) |
Income taxes are comprised as follows:
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Year ended December 31, |
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2021 |
|
2020 |
|
2019 |
Current income tax provision (benefit): |
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|
|
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Domestic |
(8) |
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|
96 |
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|
25 |
|
Foreign |
1,245 |
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|
1,104 |
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|
877 |
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Total current income tax (benefit) provision
|
$ |
1,237
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$ |
1,200
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$ |
902
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Schedule of Effective Income Tax Rate Reconciliation |
A reconciliation of the U. S. statutory income tax rate to the Company’s effective income tax rate for continuing operations is as follows:
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Year ended December 31, |
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2021 |
|
2020 |
|
2019 |
Income (loss) before income taxes |
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|
|
|
|
Domestic |
$ |
(11,098) |
|
|
$ |
1,241 |
|
|
$ |
(6,689) |
|
Foreign |
863 |
|
|
(853) |
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|
257 |
|
Total income (loss) before income taxes
|
(10,235) |
|
|
388
|
|
|
(6,432) |
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|
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US statutory rate |
21 |
% |
|
21 |
% |
|
21 |
% |
Income taxed computed at U. S. federal |
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statutory rate |
(2,149) |
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|
81 |
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(1,351) |
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Foreign rate differential |
(14) |
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|
(155) |
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|
(52) |
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State and local income taxes |
(359) |
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|
207 |
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|
(464) |
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Non-deductible expenses |
81 |
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|
40 |
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|
114 |
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Share-based compensation |
(118) |
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|
100 |
|
|
98 |
|
GILTI |
308 |
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|
— |
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|
261 |
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Change in valuation allowance |
1,493 |
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|
159 |
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|
1,661 |
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Tax credits |
(338) |
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|
(469) |
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|
(301) |
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Changes in uncertain tax positions |
881 |
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|
956 |
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|
880 |
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Foreign currency adjustment |
(22) |
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|
187 |
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|
22 |
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Withholding tax |
266 |
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|
113 |
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|
73 |
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162m Addback |
538 |
|
|
— |
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|
— |
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Transaction Costs |
578 |
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|
— |
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— |
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Warrants - MTM |
160 |
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|
(5) |
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|
5 |
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Tax Inflation Adjustment |
185 |
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|
— |
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— |
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Tax Impact of Tax Rate Changes |
111 |
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|
(33) |
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|
(61) |
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Other |
(364) |
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|
19 |
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|
17 |
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Total income tax provision
|
$ |
1,237
|
|
|
$ |
1,200
|
|
|
$ |
902
|
|
Effective income tax rate
|
(12) |
% |
|
309
|
% |
|
(14) |
% |
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Schedule of Deferred Tax Assets and Liabilities |
Significant components of deferred tax assets and deferred tax liabilities consisted of the following:
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December 31, |
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2021 |
|
2020 |
Deferred tax assets |
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Loss carryforwards |
$ |
10,201 |
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$ |
9,131 |
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Tax credits |
1,128 |
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|
891 |
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Interest limitation carryforwards |
25 |
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|
— |
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Accrued expenses |
597 |
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|
716 |
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Share-based compensation |
127 |
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|
106 |
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Fixed assets and intangibles |
180 |
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|
176 |
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Other |
187 |
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|
164 |
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Total deferred tax assets, gross
|
12,445
|
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|
11,184
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Valuation allowance |
(12,445) |
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|
(11,184) |
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Total deferred tax assets, net
|
—
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—
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Summary of Operating Loss Carryforwards |
The Company’s gross NOLs for tax return purposes are as follows:
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Year ended December 31, |
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2021 |
|
2020 |
Domestic NOLs (federal) |
36,817 |
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|
32,948 |
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Domestic NOLs (state and local) |
36,245 |
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|
29,567 |
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Foreign NOLs |
1,136 |
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|
1,740 |
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Total
|
74,198
|
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|
64,255
|
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Schedule of Unrecognized Tax Benefits Roll Forward |
The Company’s unrecognized tax benefits are reconciled as follows:
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December 31, |
|
2021 |
|
2020 |
Gross unrecognized tax benefits as of January 1
|
2,373
|
|
|
1,438
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Increases - prior year tax positions |
508 |
|
|
— |
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Decreases - prior year tax positions |
(410) |
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|
— |
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Increases - current year tax positions |
691 |
|
|
935 |
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Gross unrecognized tax benefits as of December 31
|
3,162
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|
2,373
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