Income Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
|---|
| Income Tax Disclosure [Abstract] |
|
| Schedule of Loss Before Income Taxes |
Loss before income taxes consists of the following:
| |
|
Year Ended December 31, |
|
| |
|
2018 |
|
|
2019 |
|
|
2020 |
|
| |
|
|
|
|
|
|
|
|
|
| U.S. operations |
|
$ |
(5,066 |
) |
|
$ |
(10,888 |
) |
|
$ |
(15,492 |
) |
| Foreign operations |
|
|
(746 |
) |
|
|
(168 |
) |
|
|
7,520 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$ |
(5,812 |
) |
|
$ |
(11,056 |
) |
|
$ |
(7,972 |
) |
|
| Schedule of Provision for Income Taxes |
The provision for income taxes consist of the
following:
| |
|
Year Ended December 31, |
|
| |
|
2018 |
|
|
2019 |
|
|
2020 |
|
| Current: |
|
|
|
|
|
|
|
|
|
|
|
|
| Federal |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| State |
|
|
- |
|
|
|
119 |
|
|
|
45 |
|
| Foreign |
|
|
- |
|
|
|
(44 |
) |
|
|
54 |
|
| |
|
|
- |
|
|
|
75 |
|
|
|
99 |
|
| Deferred: |
|
|
|
|
|
|
|
|
|
|
|
|
| Federal |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| State |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Foreign |
|
|
- |
|
|
|
- |
|
|
|
939 |
|
| |
|
|
- |
|
|
|
- |
|
|
|
939 |
|
| Total provision for income taxes |
|
$ |
- |
|
|
$ |
75 |
|
|
$ |
1,038 |
|
|
| Schedule of Statutory Federal Income Tax Rate |
The difference between income taxes at the
statutory federal income tax rate and income taxes reported in the Consolidated Statements of Operations is attributable to the
following:
| |
|
Year Ended December 31, |
|
| |
|
2018 |
|
|
2019 |
|
|
2020 |
|
| |
|
|
|
|
|
|
|
|
|
| Income tax benefit at the federal statutory rate |
|
$ |
(1,221 |
) |
|
$ |
(2,317 |
) |
|
$ |
(1,674 |
) |
| State and local income taxes, net of federal taxes |
|
|
(800 |
) |
|
|
(213 |
) |
|
|
(421 |
) |
| Increase (decrease) in valuation allowance |
|
|
(1,861 |
) |
|
|
402 |
|
|
|
2,595 |
|
| Remeasurement of deferred tax assets |
|
|
- |
|
|
|
1,032 |
|
|
|
(48 |
) |
| Incentive stock options/forfeitures |
|
|
(22 |
) |
|
|
- |
|
|
|
- |
|
| Permanent differences and other |
|
|
182 |
|
|
|
1066 |
|
|
|
1,146 |
|
| Other |
|
|
- |
|
|
|
(45 |
) |
|
|
(560 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$ |
- |
|
|
$ |
(75 |
) |
|
$ |
1,038 |
|
|
| Schedule of Deferred Tax Assets and Liabilities |
The tax effects of temporary differences that
give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2019 and 2020 are presented
below:
| |
|
Year Ended December 31, |
|
| |
|
2019 |
|
|
2020 |
|
| |
|
|
|
|
|
|
| Deferred tax assets: |
|
|
|
|
|
|
|
|
| Net operating loss carryforwards |
|
$ |
35,871 |
|
|
$ |
32,843 |
|
| Capital loss carryforwards |
|
|
10,292 |
|
|
|
11,025 |
|
| Deferred revenue |
|
|
1,167 |
|
|
|
1,775 |
|
| Stock-based compensation |
|
|
534 |
|
|
|
886 |
|
| Federal research and development tax credits |
|
|
1,058 |
|
|
|
1,058 |
|
| Intangibles, amortization |
|
|
- |
|
|
|
1,718 |
|
| Inventories |
|
|
124 |
|
|
|
65 |
|
| Bad debt reserve |
|
|
- |
|
|
|
98 |
|
| Other deductible temporary differences |
|
|
778 |
|
|
|
3,456 |
|
| |
|
|
|
|
|
|
|
|
| Total gross deferred tax assets |
|
|
49,824 |
|
|
|
52,924 |
|
| Less: valuation allowance |
|
|
(42,117 |
) |
|
|
(46,070 |
) |
| |
|
|
|
|
|
|
|
|
| |
|
|
7,707 |
|
|
|
6,854 |
|
| Deferred tax liabilities: |
|
|
|
|
|
|
|
|
| Goodwill amortization |
|
|
(11,276 |
) |
|
|
(5,151 |
) |
| Fixed assets, depreciation |
|
|
(222 |
) |
|
|
(197 |
) |
| |
|
|
|
|
|
|
|
|
| |
|
|
(11,498 |
) |
|
|
(5,348 |
) |
| |
|
|
|
|
|
|
|
|
| Net deferred tax (liabilities)/assets |
|
$ |
(3,791 |
) |
|
$ |
1,506 |
|
|
| Schedule of Unrecognized Tax Positions |
A reconciliation of the beginning and ending
amount of unrecognized tax positions is as follows:
| |
|
Year Ended December 31, |
|
| |
|
2019 |
|
|
2020 |
|
| |
|
|
|
|
|
|
| Balance at the beginning of the year |
|
$ |
271 |
|
|
$ |
390 |
|
| |
|
|
|
|
|
|
|
|
| Pointer uncertain tax positions assumed |
|
|
112 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Additions based on tax provisions taken related to current year |
|
|
7 |
|
|
|
33 |
|
| |
|
|
|
|
|
|
|
|
| Balance at the end of year |
|
$ |
390 |
|
|
$ |
423 |
|
|