Note 16 - Income Taxes

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Income Tax Disclosure [Text Block]

16. INCOME TAXES

The Company generated a loss and recognized $37 of tax expense for the three months ended March 31, 2024, and $235 of tax expense for the three months ended March 31, 2023, respectively. A reconciliation of income tax expense is as follows:

	Three Months Ended March 31,
	2024			2023
Loss before income taxes	$	(9,752	)	$	(9,388	)
Theoretical tax expense at the statutory rate (21% in 2024 and 2023)		(2,048	)		(1,971	)
Differences in jurisdictional tax rates		(455	)		(267	)
Valuation allowance		2,486			2,441
Non-deductible expenses		54			32
Total income tax provision		37			235
Net loss	$	(9,789	)	$	(9,623	)

Income tax expense is recognized based on the actual loss incurred during the three months ended March 31, 2024 and 2023, respectively.