Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Income taxes (Tables)

v3.24.0.1
Income taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
The components of the loss before the provision for income taxes for the years ended December 31, 2021, 2022 and 2023 were as follows:
2021 2022 2023
Domestic $ (69,245) $ (84,778) $ (31,021)
Foreign 1,247  1,633  3,155 
Total loss before income taxes $ (67,998) $ (83,145) $ (27,866)
Schedule of Components of Income Tax Expense (Benefit)
The provision for income taxes for the years ended December 31, 2021, 2022 and 2023 was as follows:
2021 2022 2023
Current:
   Domestic
 $ 11  $ 109  $ 56 
   Foreign
 569  1,933  646 
Total current income tax expense 580  2,042  702 
Deferred:
   Domestic
 —  (24) (126)
   Foreign
 401  (1,502) 931 
Total deferred income tax expense 401  (1,526) 805 
Total provision for income taxes $ 981  $ 516  $ 1,507 
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of the Company’s theoretical income tax expense to actual income tax expense for the years ended December 31, 2021, 2022 and 2023 is as follows:
2021 2022 2023
Tax Rate Tax Rate Tax Rate
Theoretical tax benefit $ (15,640) 23  % $ (19,123) 23  % $ (6,409) 23  %
Increase (decrease) in effective tax rate due to:
Change in valuation allowance 13,598  (20) 16,187  (20) 3,498  (12)
Effect of entities with different tax rates 125  0  125  0  48  0 
Non-deductible expenses, net 2,439  (4) 3,442  (4) 4,368  (16)
Income in zero tax rate —  0  (67) 0  —  0 
Change in tax reserve for uncertain tax positions 101  0  12  0  145  (1)
Other 358  (1) (60) 0  (143) 1 
Total effective income taxes $ 981  (2) % $ 516  (1) % $ 1,507  (5) %
Schedule of Deferred Tax Assets and Liabilities
The following table presents the significant components of the Company’s deferred tax assets and liabilities:
December 31,
2022 2023
Deferred tax assets:
Net operating loss carryforwards $ 56,542  $ 60,582 
Research and development expenses 12,043  12,000 
Lease liabilities 11,394  10,077 
Accruals and reserves 1,455  1,375 
Share-based compensation 1,231  668 
Issuance costs 1,184  — 
Deferred revenue 900  82 
Other 2  503 
Gross deferred tax assets 84,751  85,287 
Valuation allowance (70,818) (73,960)
Total deferred tax assets $ 13,933  $ 11,327 
Deferred tax liabilities:
Intangible assets (2,280) (966)
Deferred contract acquisition costs (2,785) (3,123)
Property and equipment (902) (1,108)
Right-of-use-assets (9,449) (8,208)
Other comprehensive income —  (201)
Other —  (9)
Gross deferred tax liabilities (15,416) (13,615)
Net deferred taxes $ (1,483) $ (2,288)
Schedule of Unrecognized Tax Benefits Roll Forward
The following table shows the changes in the gross amount of unrecognized tax positions as of December 31, 2021, 2022 and 2023.
Unrecognized tax
positions
Balance as of January 1, 2021 $ 302 
Increases related to current year tax positions 101 
Balance as of December 31, 2021 403 
Increases related to current year tax positions 12 
Additions related to business combinations 193 
Balance as of December 31, 2022 608 
Increases related to current year tax positions 145 
Balance as of December 31, 2023 $ 753