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Income Taxes

3 Months Ended

Mar. 31, 2021

5. Income Taxes

Income tax expense for the three months ended March 31, 2021 was $90 compared to $18 for the same period in 2020. The expense was largely due to our foreign operations. The Company has net operating loss carryforwards for U.S. federal income tax purposes. The Company has recorded a full valuation allowance against US deferred tax assets as of March 31, 2021.

The following was the income (loss) before income taxes for each jurisdiction in which the Company has operations for the period:



	Three Months Ended
		March 31, 2021		March 31, 2020
United States	$	585	$	(1,842)
Singapore		138		(153)
Indonesia		21		18
Germany		18		16
Income (loss) before income taxes	$	762	$	(1,961)

CARES Act

On March 27, 2020, in response to the impact of the COVID-19 pandemic in the U.S. and across the Globe, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted, which contained certain tax benefits that were not material to the Company.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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