INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Reconciliation Between Income Tax Benefit Computed by Applying Federal Statutory Rate and Actual Income Tax Expense

The following table presents a reconciliation between the income tax benefit computed by applying the federal statutory rate and our actual income tax expense:



	Year Ended December 31,
	2021		2020
Income tax benefit at federal statutory rate	$	5,771	$	(2,874)
Change in deferred tax asset valuation allowance	(5,241)		1,670
Tax impact of warrants	(26)		338
Tax effects of:
Statutory differences	327		1,014
R&D expense	(210)		(202)
Foreign tax rates different than U.S. federal statutory rate	68		(96)
Other permanent items	(331)		155
Deferred adjustments	99		86
Other	(466)		(91)
Income tax provision (benefit) as reported	$	(9)	$	—

Loss Before Income Tax Attributable to Domestic and Foreign Operations

The following table presents loss before income tax attributable to domestic and to foreign operations (in thousands):



	Year Ended December 31,
	2021		2020
Domestic	$	28,036	$	(11,289)
Foreign	(555)		(2,396)
Loss before income taxes	$	27,481	$	(13,685)

Components of Deferred Tax Assets and Liabilities

The following table presents the components of our DTAs and DTLs (in thousands):


	December 31,
	2021		2020
Deferred Tax Assets
Net operating loss carryforwards	$	43,375	$	41,061
Amortization of intangibles	1,979		2,167
Share-based compensation expense	7,423		6,876
Other	3,503		3,000
Gross deferred tax assets	$	56,280	$	53,104
Valuation allowance	(47,857)		(53,117)
Deferred tax assets, net of valuation allowance	$	8,423	$	(13)
Deferred Tax Liabilities
Deferred gain	(8,444)		—
Depreciation of fixed assets	21		13
Gross deferred tax liabilities	(8,423)		13
Net deferred tax liability	$	—	$	—