Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of (Loss) Income before Provision for Income Taxes

Loss before provision for income taxes was generated from the following sources (in thousands):

	Year Ended December 31,
	2023		2022
Domestic	$	(24,364)	$	(29,539)
Foreign	126		486
Total loss before provision for income taxes	$	(24,238)	$	(29,053)

Schedule of Income Tax Expense (Benefit)

A summary of the income tax expense is as follows (in thousands):

	Year Ended December 31,
	2023		2022
Current:
Federal	$	—	$	—
State	14		8
Foreign	154		157
Total current	168		165
Deferred:
Federal	9		24
State	(19)		37
Foreign	—		—
Total deferred	(10)		61
Total income tax expense	$	158	$	226

Schedule of Federal Statutory Rate to Loss Before Income Taxes

A reconciliation of the provision for income taxes to the amount of income tax expense that would result from applying the federal statutory rate to the loss before income taxes is as follows:

	Year Ended December 31,
	2023		2022
Federal statutory rate	21.0	%	21.0	%
State tax, net of federal benefit	2.0		4.1
Equity compensation	(2.3)		(1.5)
International tax items	(1.6)		(3.9)
Foreign taxes	(0.6)		(0.5)
Debt extinguishment loss	(3.5)		—
State Net Operating Loss true-up	(2.9)		(1.2)
Miscellaneous	(1.2)		1.8
Effect of change in rate	(2.6)		0.7
Change in valuation allowance	(9.1)		(21.1)
	(0.7)	%	(0.8)	%

Schedule of Components of Deferred Tax Assets and Liabilities

The major components of the Company’s deferred tax assets and liabilities are as follows (in thousands):

	Year Ended December 31,
	2023		2022
Deferred income tax assets
Net operating loss carry forwards	$	41,561	$	48,317
Research and development expenses	6,953		5,100
Intangibles	4,643		4,907
Credit carry forwards	2,479		3,028
Nondeductible accruals	405		453
163j limitation	87		333
Fixed assets	346		289
Equity-based compensation	404		188
Deferred rent	12		15
State taxes	1,515		3
Total deferred income tax assets - net	58,405		62,633
Deferred income tax liabilities
Prepaid expenses	(82)		(92)
Unrealized translation gain/loss	(6)		(21)
Total deferred income tax liabilities - net	(88)		(113)
Valuation allowance	(58,485)		(62,698)
Net deferred income tax liabilities	$	(168)	$	(178)

Schedule of Gross Unrecognized Tax Benefits Changes in Balances

The Company’s gross unrecognized tax benefits as of December 31, 2023 and 2022 and the changes in those balances are as follows (in thousands):

	Year Ended December 31,
	2023		2022
Beginning balance	$	412	$	412
Other	—		—
Gross unrecognized tax benefits, ending balance	$	412	$	412