Income Taxes as Restated (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

A reconciliation of the income tax provision (benefit) to the amount computed by applying the federal statutory income tax rate to income (loss) before income taxes for the years ended December 31, 2024 and 2023 is as follows:

A reconciliation of the income tax provision (benefit) to the amount computed by applying the federal statutory income tax rate to income (loss) before income taxes for the years ended December 31, 2024 and 2023 is as follows:

		2024 (As restated)				2023 (As restated)
Income tax provision (benefit) at statutory rate		$	278			$	(1,037	)
Over/under accrual of income taxes			(9	)			(3	)
Nondeductible expenses			5				23
Record tax credits			(116	)			(118	)
Permanent tax deduction stock options exercised			(27	)			(63	)
State income tax, net of federal benefits			179				(187	)
Expiration of net operating losses and credits			990				1,468
Effect of change in deferred tax rate			49				45
Expiration of stock options			46				60
Other			(3	)			21
Change in valuation allowance			(1,165	)			(203	)
		$	227			$	6

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our deferred income taxes consist of the following:

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our deferred income taxes consist of the following:


		As of December 31,
		2024 (As restated)				2023 (As restated)
Deferred tax liabilities:
Excess tax depreciation		$	(496	)		$	(477	)
ASC 842 operating lease asset			(1,938	)			(1,975	)
Total deferred tax liabilities			(2,434	)			(2,452	)

Deferred tax assets:
Net operating loss carryforwards		$	10,565			$	12,371
179 Carryforwards			—				245
163(j) Business interest limitation carryforwards			90				302
Inventory and other allowances			639				229
Excess book amortization			60				60
174 research and experimental expenditures			1,053				902
Share-based compensation			788				530
Tax credits			189				118
ASC 842 Operating Lease Liability			2,520				2,610
Other accrued costs			293				13
Total deferred tax assets			16,197				17,380

Less: valuation allowance			(13,763	)			(14,928	)
Deferred income taxes		$	—			$	—