Annual report pursuant to Section 13 and 15(d)

Income taxes (Tables)

v3.21.1
Income taxes (Tables)
12 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of Components of Loss From Continuing Operations by Domestic and Foreign Jurisdictions

The components of the loss from continuing operations before income taxes for the years ended December 31, 2020 and 2019 are as follows:

For the years ended December 31,

2020

2019

Domestic

$

(12,667

)

$

(20,446

)

Foreign

 

Loss from Continuing Operations before Income Taxes

$

12,667

$

(20,446

)

Schedule of Components of Income Tax Benefit

The components of income tax benefit are as follows:

As of December 31,

2020

 

2019

Current:

US Federal

$

 

$

US State

Foreign

Total current benefit

$

$

Deferred:

US Federal

$

$

117

US State

26

Foreign

Total deferred benefit

143

Total benefit for income taxes

$

$

143

Schedule of Deferred Tax Assets and (Liabilities)

The tax effects of temporary differences and tax loss and credit carry forwards that give rise to significant portions of deferred tax assets and liabilities at December 31, 2020 and 2019 are comprised of the following:

As of December 31,

2020

 

2019

Deferred income tax assets:

Net operating loss carryforwards

$

51,938

$

43,436

Research and development credit carryforwards

1,063

989

Stock option expense

1,253

1,095

Impairment of mining related assets and other

803

(146

)

Total deferred tax assets

55,057

45,374

Valuation allowance

(55,057

)

(45,374

)

Net deferred tax assets

$

$

Schedule of Federal Statutory Rate Reconcilition Tax Expense (Benefit)

The expected tax expense (benefit) based on the U.S. federal statutory rate is reconciled with actual tax expense (benefit) as follows:

For the years ended December 31,

2020

2019

Statutory federal income tax expense (benefit)

$

(2,660

)

$

(4,293

)

State taxes, net of federal tax expense (benefit)

(471

)

(664

)

Stock compensation

(45

)

1,142

Tax return to provision true-up

(8,737

)

-

State tax rate change

2,231

-

Other

-

195

Change in valuation allowance

9,682

3,477

Income taxes benefit

$

-

$

(143

)