v3.25.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of components of income tax provision (benefit)
               
    Years Ended
December 31,
 
(Amounts in thousands)   2024     2023  
Domestic   $ (26,816 )   $ (35,233 )
Foreign     (3,253 )     (15,751 )
Total loss before income taxes   $ (30,069 )   $ (50,984 )

The components of income tax provision (benefit) for the years ended December 31, 2024 and 2023 were as follows:

 

               
    Year Ended
December 31,
 
(Amounts in thousands)   2024     2023  
Federal:                
Current   $ (55 )   $ (52 )
Deferred     -       -  
Total federal income tax (benefit) provision     (55 )     (52 )
State:                
Current     -       (30 )
Deferred     -       -  
Total state income tax (benefit) provision     -       (30 )
International (Non-US):                
Current     -       -  
Deferred     -       -  
Total international income tax (benefit) provision     -       -  
Total income tax (benefit) provision   $ (55 )   $ (82 )
Schedule of components of income tax provision (benefit)
               
    Year Ended
December 31,
 
(Amounts in thousands)   2024     2023  
Federal:                
Current   $ (55 )   $ (52 )
Deferred     -       -  
Total federal income tax (benefit) provision     (55 )     (52 )
State:                
Current     -       (30 )
Deferred     -       -  
Total state income tax (benefit) provision     -       (30 )
International (Non-US):                
Current     -       -  
Deferred     -       -  
Total international income tax (benefit) provision     -       -  
Total income tax (benefit) provision   $ (55 )   $ (82 )
Schedule of income tax (benefit) provision
               
    Years Ended
December 31,
 
(Amounts in thousands)   2024     2023  
Current tax at U.S. statutory rate   $ (6,315 )   $ (10,707 )
Effect of state tax     (1,636 )     (1,132 )
Effect of valuation allowance     8,963       13,450  
Warranty Liability     (12 )     (83 )
Effect of non-US income tax rates     (288 )     (4,100 )
Impairment     (875 )     1,073  
Stock compensation     199       1,677  
Other, net     (91 )     (260 )
Total income tax (benefit) provision   $ (55 )   $ (82 )
Schedule of deferred tax assets and liabilities
               
(Amounts in thousands)   December 31,
2024
    December 31,
2023
 
Deferred Tax Assets:                
Net operating loss carryforwards   $ 31,425     $ 26,759  
Capital loss     12,345       -  
Reserves and accruals     1,348       1,126  
Stock compensation     3,496       1,423  
Lease Liability     71       2,511  
Sec 174 Cap     1,714       1,823  
Intangibles     1,013       1,073  
Other     2,875       1,137  
Total deferred tax assets before valuation allowance   $ 54,287     $ 35,852  
Less: Valuation Allowance     (53,944 )     (32,654 )
Total deferred tax assets, net of valuation allowance   $ 343     $ 3,198  
                 
Deferred Tax Liabilities:                
Fixed assets     (296 )     (300 )
Lease ROA     (47 )     (2,898 )
Intangibles             -  
Other             -  
Total deferred tax liabilities   $ (343 )   $ (3,198 )
Net deferred tax assets/(liabilities)   $ -     $ -