Note 15 - Income Taxes

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Income Tax Disclosure [Text Block]

15. INCOME TAXES

The Company generated a loss and recognized $272 of tax expense for the three months ended March 31, 2022, and $nil of tax expense for the three months ended March 31, 2021, respectively. A reconciliation of income tax expense (benefit) is as follows:

	Three Months Ended March 31,
	2022			2021
Loss before income taxes	$	(8,364	)	$	(9,435	)
Theoretical tax benefit at the statutory rate (21.0% in 2022, 21.0% in 2021)		(1,756	)		(1,981	)
Differences in jurisdictional tax rates		(252	)		(354	)
Valuation allowance		2,067			1,984
Non-deductible expenses		213			334
Other		—			17
Total income tax provision		272			—
Net loss	$	(8,636	)	$	(9,435	)

Income tax expense or benefit is recognized based on the actual loss incurred during the three months ended March 31, 2022 and 2021, respectively.