• Filing Date: 2021-03-30
  • Form Type: 10-K
  • Description: Annual report
v3.21.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Components of income before income taxes
    Years Ended December 31,  
    2020     2019  
United States   $ 50     $ 3,634  
Foreign     498       366  
Total   $ 548     $ 4,000  
Provision for income taxes from continuing operations
    Years Ended December 31,  
    2020     2019  
Current:            
Federal   $     $  
State     9       16  
Foreign     45       118  
Total current   $ 54     $ 134  
                 
Deferred:                
Federal   $     $  
State            
Foreign     48       20  
Total deferred   $ 48     $ 20  
                 
Provision for income taxes   $ 102     $ 154  
Reconciliation of income tax rate
    Years Ended December 31,  
    2020     2019  
Provision of Federal statutory rate   $ 115     $ 835  
State taxes     9       16  
Permanent differences/other     1,825       (13 )
Stock-based compensation     (23 )     23  
Federal valuation allowance used     (1,824 )     (707 )
Provision for income taxes   $ 102     $ 154  
Deferred tax assets and liabilities
    Years Ended December 31,  
    2020     2019  
Deferred tax assets            
Fixed assets   $ 13     $ 78  
Accruals and reserves     122       92  
Stock options     247       197  
Net operating loss carryforwards     36,608       38,335  
Federal and state credits     3,227       3,461  
Foreign credits     163       159  
Intangible assets     1,497       1,789  
Research and development expense     1,487       1,858  
Gross deferred tax assets     43,364       45,969  
Valuation allowance     (43,238 )     (45,846 )
Total deferred tax assets     126       123  
                 
Deferred tax liabilities (1)     (569 )     (551 )
                 
Net deferred liabilities   $ (443 )   $ (428 )

 

(1) Of this amount, $554,000 relates to the Indian subsidiaries unremitted earnings deferred tax liability. The net deferred income tax liabilities are recorded in other long-term liabilities in the accompanying balance sheet.

 

Unrecognized tax benefits
    Years Ended December 31,  
    2020     2019  
Balance, beginning of year   $ 2,121     $ 2,117  
Increase related to prior year tax positions     3       4  
Decrease related to prior year tax positions     (126 )      
Settlements with tax authorities     (78 )      
Balance, end of year   $ 1,920     $ 2,121