XML 36 R27.htm IDEA: XBRL DOCUMENT v3.23.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of income taxes
    Year Ended  
    December 31,  
    2022     2021  
    (in thousands)  
       
Current            
U.S.   $     $  
State            
Total current income tax expense            
Deferred                
U.S.            
State            
Total deferred income tax expense (benefit)            
Total income tax expense (benefit)   $     $  

 

Schedule of reconciliation of income tax computed at the federal statutory rate to income before taxes
   Year Ended 
   December 31, 
   2022   2021 
U.S. federal statutory rate   (21.0)%   (21.0)%
State taxes net of federal benefit   (5.4)   (6.9)
Valuation allowance   26.4    27.9 
           
    
%   
%

 

Schedule of significant components of the Company’s net deferred income taxes
   2022   2021 
   (in thousands) 
Deferred tax assets:        
Allowance for doubtful accounts  $5   $5 
Inventory reserves   2,928    3,033 
Consumables excess reserve   162    162 
Accrued liabilities   15    155 
Warrant interest expense   195    195 
Stock compensation expense   706    775 
State net operating loss   13,425    13,358 
Net operating loss carryforward   39,759    39,597 
Capital loss carryforward        6,755 
Tax credits   669    669 
Depreciation   219    423 
Valuation allowance   (58,068)   (65,079)
Total deferred tax assets   15    47 
Deferred tax liability:          
Prepaid expenses   (15)   (47)
Net deferred tax liability  $
   $