Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Tables)

v3.22.0.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
Income (loss) before taxes on income is comprised as follows:
Year ended December 31,
2021

2020 2019
Domestic $ (11,098) $ 1,241  $ (6,689)
Foreign 863  (853) 257 
Total income (loss) before income taxes
$ (10,235) $ 388  $ (6,432)
Schedule of Components of Income Tax Expense (Benefit)
Income taxes are comprised as follows:
Year ended December 31,
2021

2020 2019
Current income tax provision (benefit):    
Domestic (8) 96  25 
Foreign 1,245  1,104  877 
Total current income tax (benefit) provision
$ 1,237  $ 1,200  $ 902 
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:
Year ended December 31,
  2021

2020 2019
Income (loss) before income taxes    
Domestic $ (11,098) $ 1,241  $ (6,689)
Foreign 863  (853) 257 
Total income (loss) before income taxes
(10,235) 388  (6,432)
US statutory rate 21  % 21  % 21  %
Income taxed computed at U. S. federal
statutory rate (2,149) 81  (1,351)
Foreign rate differential (14) (155) (52)
State and local income taxes (359) 207  (464)
Non-deductible expenses 81  40  114 
Share-based compensation (118) 100  98 
GILTI 308  —  261 
Change in valuation allowance 1,493  159  1,661 
Tax credits (338) (469) (301)
Changes in uncertain tax positions 881  956  880 
Foreign currency adjustment (22) 187  22 
Withholding tax 266  113  73 
162m Addback 538  —  — 
Transaction Costs 578  —  — 
Warrants - MTM 160  (5)
Tax Inflation Adjustment 185  —  — 
Tax Impact of Tax Rate Changes 111  (33) (61)
Other (364) 19  17 
Total income tax provision
$ 1,237  $ 1,200  $ 902 
Effective income tax rate
(12) % 309  % (14) %
Schedule of Deferred Tax Assets and Liabilities Significant components of deferred tax assets and deferred tax liabilities consisted of the following:
  December 31,
  2021

2020
Deferred tax assets    
Loss carryforwards $ 10,201  $ 9,131 
Tax credits 1,128  891 
Interest limitation carryforwards 25  — 
Accrued expenses 597  716 
Share-based compensation 127  106 
Fixed assets and intangibles 180  176 
Other 187  164 
Total deferred tax assets, gross
12,445  11,184 
Valuation allowance (12,445) (11,184)
Total deferred tax assets, net
   
Summary of Operating Loss Carryforwards
The Company’s gross NOLs for tax return purposes are as follows:
 
Year ended December 31,
  2021

2020
Domestic NOLs (federal) 36,817  32,948 
Domestic NOLs (state and local) 36,245  29,567 
Foreign NOLs 1,136  1,740 
Total
74,198  64,255 
Schedule of Unrecognized Tax Benefits Roll Forward
The Company’s unrecognized tax benefits are reconciled as follows:
December 31,
2021

2020
Gross unrecognized tax benefits as of January 1
2,373  1,438 
Increases - prior year tax positions 508  — 
Decreases - prior year tax positions (410) — 
Increases - current year tax positions 691  935 
Gross unrecognized tax benefits as of December 31
3,162  2,373