XML 76 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of income before income taxes from continuing operations and the provision for income taxes

For the years ended December 31, 2016, and 2015, the following table summarizes the components of income before income taxes from continuing operations and the provision for income taxes:

 

    Year Ended December 31,  
    2017     2016  
Loss from continuing operations before income tax:                
U.S. (As Restated)   $ (16,261 )   $  
Israel     (453 )      
UK     (219 )      
Loss from continuing operations before income taxes (As Restated)   $ (16,933 )   $  
                 
Income tax expense (benefit):                
United States -  Federal tax:                
Current   $     $  
Deferred            
                 
United States - State tax:                
Current            
Deferred:            
                 
Israel:                
Current            
Deferred              
                 
UK:                
Current            
Deferred            
                 
Other foreign:                
Current            
Deferred:            
                 
Income tax expense (benefit)   $     $  
Schedule of reconciles the federal statutory income tax rate to the effective income tax rate

For the years ended December 31, 2017 and 2016, the following table reconciles the federal statutory income tax rate to the effective income tax rate:

 

    Year Ended December 31,  
    2017     2016  
Federal Tax rate     34 %     34 %
                 
Federal tax expense (benefit) at 34% (As Restated)   $ (5,758 )   $  
State and local income tax, net of Federal benefit     (271 )      
Foreign rate differential     519        
Increase in taxes from permanent differences in stock-based compensation     333        
Increase in taxes from permanent difference in Intangible asset impairment            
US taxation of foreign earnings – Subpart F            
Return to provision and other adjustments     289        
Impact of deferred tax adjustments            
Federal Tax reform (As Restated)     17,260        
Change in valuation allowance (As Restated)     (12,372 )      
                 
Income tax expense (benefit)   $     $    
Schedule of deferred income tax assets and (liabilities)

The following table summarizes the components of deferred income tax assets and (liabilities):

 

    December 31,  
    2017     2016  
             
Loss carryforwards   $ 29,693     $ 30,770  
AMT credits     112       112  
Foreign tax credits     12,308       12,308  
Accrued employment expenses     11       2,652  
Amortization and write-offs     875       1,299  
Capitalized R&D costs     1,013       1,342  
Deferred revenues           6,263  
Depreciation     635       1,224  
Doubtful accounts           225  
Inventory reserves           459  
Tax on undistributed earnings     (517 )     (517 )
Other accruals and reserves (As Restated)     1,737       602  
Return allowances           456  
                 
Gross deferred tax asset (As Restated)     45,867       57,195  
                 
Less: valuation allowance (As Restated)     (45,867 )     (57,195 )
                 
Net deferred tax asset   $     $  
                 
Among other non-current liabilities            
Schedule of reconciliation of unrecognized tax benefits

Reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

 

Balance at December 31, 2015   $ 1,921  
Additions / Settlements due 2016      
Balance at December 31, 2016   $ 1,921  
Additions / Settlements due 2017      
Balance at December 31, 2017   $ 1,921