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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Domestic and International Income (Loss) Before Income Taxes

Domestic and international (loss) income before income taxes consisted of the following:

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

United States

 

$

(5,843

)

 

$

(9,878

)

Foreign

 

 

96

 

 

 

380

 

Income (loss) before income taxes

 

$

(5,747

)

 

$

(9,498

)

 

 

 

 

 

 

 

Components of Deferred Tax Assets and Liabilities The significant components of deferred tax assets and liabilities consist of the following:

 

 

As of December 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

Deferred tax assets:

 

 

 

 

 

 

Net operating loss carryforwards – domestic

 

$

21,713

 

 

$

20,288

 

Net operating loss carryforwards – foreign

 

 

1,747

 

 

 

1,516

 

Intangible assets

 

 

9,174

 

 

 

10,191

 

Capitalized Research Costs

 

 

4,688

 

 

 

4,151

 

Nonqualified stock options

 

 

438

 

 

 

486

 

Accruals and reserves

 

 

223

 

 

 

334

 

163(j) interest limitation

 

 

2,330

 

 

 

1,612

 

Other

 

 

25

 

 

 

28

 

Total deferred tax assets

 

 

40,338

 

 

 

38,606

 

Valuation allowance

 

 

(40,330

)

 

 

(38,598

)

Total deferred tax assets, net of allowance

 

$

8

 

 

$

8

 

Deferred tax liabilities:

 

 

 

 

 

 

Other

 

$

(8

)

 

$

(8

)

Total deferred tax liabilities

 

 

(8

)

 

 

(8

)

Total deferred tax assets, net

 

$

 

 

$

 

 

 

 

 

 

 

 

Schedule of Effective Income Tax Rate

The provision for income taxes differs from the amount estimated by applying the statutory federal income tax rate to net loss before taxes as follows:

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

Federal tax expense (benefit) at statutory rate

 

$

(1,203

)

 

$

(1,992

)

State income tax expense (benefit) at statutory rate, net of federal benefit

 

 

(229

)

 

 

(381

)

Deferred tax asset true-ups

 

 

(619

)

 

 

(528

)

Rate change

 

 

(124

)

 

 

(308

)

Foreign Rate Differential

 

 

5

 

 

 

21

 

Nondeductible items

 

 

190

 

 

 

7

 

Change in valuation allowance

 

 

1,732

 

 

 

2,818

 

Stock-based compensation

 

 

(4

)

 

 

187

 

Change in fair value of warrants

 

 

 

 

 

(77

)

Nondeductible compensation under 162(m)

 

 

134

 

 

 

245

 

Other adjustments, net

 

 

118

 

 

 

8

 

Provision for income taxes

 

$

 

 

$