Note 12 - Income Taxes |
6 Months Ended |
|---|---|
Jun. 29, 2025 | |
| Notes to Financial Statements | |
| Income Tax Disclosure [Text Block] |
Note 12 — Income Taxes
The Company recorded a net income tax expense (benefit) from continuing operations on the unaudited condensed consolidated statement of operations of $1 thousand and ($6 thousand) for the three months ended June 29, 2025 and June 30, 2024, respectively. Additionally, the Company recorded a net income tax expense (benefit) from continuing operations on the consolidated statement of operations of $6 thousand and $1 thousand for the six months ended June 29, 2025 and June 30, 2024, respectively. The difference between the estimated annual effective tax expense (benefit) for fiscal year 2025 of (0.46%) and the U.S. federal statutory tax rate of 21% is primarily due to the Company's valuation allowance movement in each period presented. It is more likely than not that the Company will not realize the federal, state, and certain foreign deferred tax assets as of June 29, 2025. As such, the Company continues to maintain a full valuation allowance against all of its US and certain foreign net deferred tax assets as of June 29, 2025.
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