INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Table 15.1: Components of Provision for/(Benefit from) Income Taxes
	For the Year Ended December 31,
	2023		2022
	(in thousands)
Current provision
Federal	$	—	$	—
State	(19)		19
Total current	(19)		19
Deferred tax expense
Federal	32		37
State	23		(2)
Total deferred	55		35
Provision for income taxes	$	36	$	54

Schedule of Effective Income Tax Rate Reconciliation

Table 15.2: Reconciliation of Statutory Tax Rate to Actual Tax Rate
	For the Year Ended December 31,
	2023		2022
Computed expected income tax provision	21.0	%	21.0	%
State income taxes, net of federal income tax benefit	3.6		3.6
Change in valuation allowance for deferred tax assets	7.5		(3.7)
Cumulative deferred adjustments	—		(0.9)
Provision to return adjustments	(0.1)		0.1
Other permanent differences	(0.2)		(0.1)
Stock-based compensation	(41.2)		(20.6)
Section 162(m) limitation - covered employees	9.5		(2.0)
Uncertain tax positions	0.5		(0.5)
R&D credit	(0.7)		3.0
Effective tax rate	(0.1	%)	(0.1	%)

Schedule of Deferred Tax Assets and Liabilities

Table 15.3: Components of Deferred Tax Assets and Liabilities
	As of December 31,
	2023		2022
	(in thousands)
Deferred tax assets:
Accounts receivable, principally due to allowance for doubtful accounts	$	70	$	33
Allowance for inventory obsolescence and amortization	203		210
Accrued liabilities not currently deductible	1,133		1,151
Stock-based compensation	1,352		7,943
Accrued compensation	2,457		915
Lease liabilities	2,906		3,349
Goodwill	30,947		34,009
Capitalized research and development costs	2,992		362
Net operating loss carryforwards - federal	8,402		6,034
Net operating loss carryforwards - state	1,522		1,155
R&D tax credit	3,647		3,760
Amortization and depreciation	252		—
Total gross deferred tax assets	55,883		58,921
Less valuation allowance	(54,999)		(57,559)
Total deferred tax assets, net of valuation allowance	884		1,362
Deferred tax liabilities:
Right-of-use assets	(1,697)		(2,034)
Amortization and depreciation	—		(86)
Total deferred tax liabilities	(1,697)		(2,120)
Net deferred tax liabilities	$	(813)	$	(758)

Components of Valuation Allowance

Table 15.4: Valuation Allowance Activity
	For the Year Ended December 31,
	2023		2022
	(in thousands)
Balance at beginning of year	$	57,559	$	55,588
(Reductions)/additions	(2,560)		1,971
Balance at end of year	$	54,999	$	57,559

Schedule of Unrecognized Tax Benefits Roll Forward

Table 15.5: Reconciliation of the Beginning and Ending Amounts of Unrecognized Tax Benefit
	For the Year Ended December 31,
	2023		2022
	(in thousands)
Balance at beginning of year	$	1,357	$	1,056
Decrease in prior year tax positions	(169)		(5)
Increase related to current year tax positions	131		377
Decrease related to lapse of statutes	(91)		(71)
Balance at end of year	$	1,228	$	1,357