v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Taxes  
Schedule of consolidated income (loss) before income taxes, continuing operations

 

 

Year ended December 31,

 

 

 

2025

 

 

2024

 

Domestic

 

$

(4,541

)

 

$

(1,752

)

Foreign

 

 

 

 

Total

 

$

(4,541

)

 

$

(1,752

)
Schedule of components of provision for income taxes, continuing operations

 

 

Year ended December 31,

 

 

 

2025

 

 

2024

 

Current:

 

 

 

 

 

 

 

 

Federal

 

$

(79

)

 

$

(76

)

State

 

 

(4

)

 

 

(22

)

Foreign

 

 

 

 

Total current

 

 

(83

)

 

 

(98

)

Deferred:

 

 

 

 

 

 

 

 

Federal

 

 

7,287

 

 

1,745

State

 

 

1,273

 

 

275

Foreign

 

 

 

 

 

 

Total

 

 

8,560

 

 

2,020

Change in valuation allowance

 

 

(8,560

)

 

 

(2,020

)

Total deferred

 

 


 

 

Tax provision

 

$

(83

)

 

$

(98

)
Schedule of reconciliation of the income tax provision for continuing operations compared to the federal statutory rate

 

 

Year ended December 31,

 

 

 

2025

 




 

2024





 

U.S. federal statutory income tax rate at 21.0 %

 

$

(955

)
21.0 %

 

$

(368

)
21.0 %

1. State and local income tax, net of federal (national) income tax effect

 

 

4


(0.1 )%

 

 

22



(1.3 )%

2. Foreign tax effects

 

 

 


0.0 %

 

 



0.0 %

 

3. Effect of changes in tax laws or rates enacted in the current period

 

 


0.0 %

 

 


0.0 %
4. Effect of cross-border tax laws



0.0 %



0.0 %

5. Tax credits - R&D

 

 


0.0 %

 

 

(49

)
2.8 %

6. Changes in valuation allowances

 

 

876


(19.3 )%

 

 

327


(18.6 )%

7. Nontaxable or nondeductible items

 

 

97


(2.1 )%

 

 

112


(6.4 )%

Intercompany Loan Interest

 


80


(1.8 )%

 


88


(5.0 )%
Stock-based Compensation

16



(0.3 )%

18

(1.0 )%
Nontaxable or nondeductible items - Other

1

0.0 %

6

(0.3 )%
8. Changes in unrecognized tax benefits


61

(1.4 )%

54

(3.1 )%
Tax Provision (Benefit) - Continuing Ops:
$ 83

(1.9 )%
$ 98

(5.6 )%
Schedule of tax effects of significant temporary differences representing net deferred tax assets and liabilities

 

 

2025



2024


Inventory of deferreds:

Current



Long-term


Current


Long-term


Deferred revenue

 

$

 

 




$

 



1

Basis difference in intangible assets

 

 

 

 


1,656

 

 



5,473

Inventory reserve and UNICAP

 

 

 

 


1

 

 



1,040

Net operating loss carryforwards

 

 

 

 


22,378

 

 



7,025

Accumulated research and development credits

 

 

 

 


126

 

 



125

Accrued liabilities

 

 

 

 


33

 

 



99

Non-deductible ASC 718 compensation expense

 

 

 

 


91

 

 



167

Allowance for sales returns and doubtful accounts

 

 

 

 


75

 

 



101

Difference in property and equipment basis

 

 

 


(20 )

 



(94 )
Convertible Debt



(71 )



(110 )
Business Interest Expense




7







Capitalized research expenditures




375





1,839

Other

 

 

 

 


295

 

 



309

Total net deferred income tax asset

 

 

 

 


24,946

 

 



15,975

Less: Valuation allowance

 

 

 


(24,946 )

 



(15,975 )

Net deferred income tax asset (liability)

 

$

 

 




$

 





Schedule of taxes paid by jurisdiction

 

 

2025

 

 

2024

 

U.S. Federal

 

$

81

 

 

$

76

 

U.S. State

4




22
Foreign (India)

18


0

Total taxes paid

 

$

103

 

 

$

98

 

Schedule of reconciliation of the beginning and ending amount of liabilities associated with uncertain tax positions

 

 

Year ended December 31,

 

 

 

2025

 

 

2024

 

Balance - beginning of year

 

$

969

 

 

$

968

 

Additions based on tax positions related to the current year

 

 

61

 

 

 

17

 

Reductions for tax positions of prior years

 

 

 

 

(8

)

Lapse in statutes of limitations 

 

 

 

 

(8

)

Uncertain tax positions, ending balance

 

$

1,030

 

 

$

969