Note 16 - Income Taxes

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Income Tax Disclosure [Text Block]

16. INCOME TAXES

The Company generated a loss and recognized $235 of tax expense for the three months ended March 31, 2023, and $272 of tax expense for the three months ended March 31, 2022, respectively. A reconciliation of income tax expense is as follows:

	Three Months Ended March 31,
	2023			2022
Loss before income taxes	$	(9,388	)	$	(8,364	)
Theoretical tax benefit at the statutory rate (21.0% in 2023 and 2022)		(1,971	)		(1,756	)
Differences in jurisdictional tax rates		(267	)		(252	)
Valuation allowance		2,441			2,067
Non-deductible expenses		32			213
Total income tax provision		235			272
Net loss	$	(9,623	)	$	(8,636	)

Income tax expense is recognized based on the actual loss incurred during the three months ended March 31, 2023 and 2022, respectively.