Innodata (INOD) 10-K 24 Mar 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 18, 2022	Jun. 30, 2021
Cover
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	001-35774
Entity Registrant Name	INNODATA INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3475943
Entity Address, Address Line One	55 Challenger Road
Entity Address, City or Town	Ridgefield Park
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07660
City Area Code	201
Local Phone Number	371-8000
Title of 12(b) Security	Common Stock
Trading Symbol	INOD
Security Exchange Name	NASDAQ
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 169,943,872
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		27,163,485
Entity Central Index Key	0000903651
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Auditor Name	BDO INDIA LLP
Auditor Firm ID	6074
Auditor Location	Mumbai

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 18,902	$ 17,573
Accounts receivable, net of allowance for doubtful accounts of $730 and $670, respectively	11,379	10,048
Prepaid expenses and other current assets	3,681	4,240
Total current assets	33,962	31,861
Property and equipment, net	2,947	1,852
Right-of-use-asset, net	5,621	6,610
Other assets	2,247	2,563
Deferred income taxes, net	1,950	2,187
Intangibles, net	10,347	10,031
Goodwill	2,143	2,150
Total assets	59,217	57,254
Current liabilities:
Accounts payable	1,823	1,435
Accrued expenses and other	7,564	3,490
Accrued salaries, wages and related benefits	6,391	5,719
Income and other taxes	3,213	5,000
Long-term obligations - current portion	1,279	1,712
Operating lease liability - current portion	1,034	990
Total current liabilities	21,304	18,346
Deferred income taxes, net	15	44
Long-term obligations, net of current portion	6,217	6,282
Operating lease liability, net of current portion	5,276	6,332
Total liabilities	32,812	31,004
Commitments and contingencies
Non-controlling interests	(3,522)	(3,390)
STOCKHOLDERS' EQUITY:
Common stock, $.01 par value; 75,000,000 shares authorized; 30,337,000 shares issued and 27,153,000 outstanding at September 30, 2021 and 28,984,000 shares issued and 25,800,000 outstanding at December 31, 2020;	303	289
Additional paid-in capital	35,121	31,921
Retained earnings	3,160	4,833
Accumulated other comprehensive loss	(2,192)	(938)
Stockholders' Equity before Treasury Stock, Total	36,392	36,105
Less: treasury stock, 3,184,000 shares at December 31, 2021 and 2020, at cost	(6,465)	(6,465)
Total stockholders' equity	29,927	29,640
Total liabilities, non-controlling interests and stockholders' equity	$ 59,217	$ 57,254

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS
Accounts receivable, net of allowance for doubtful accounts	$ 730	$ 670
Series preferred stock, shares authorized	4,998,000	4,998,000
Series preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	30,347,000	28,984,000
Common stock, shares outstanding	27,163,000	25,800,000
Treasury stock, shares	3,184,000	3,184,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
Revenues	$ 69,755	$ 58,240
Operating costs and expenses:
Direct operating costs	43,494	38,398
Selling and administrative expenses	27,912	18,662
Total	71,406	57,060
Income (loss) from operations	(1,651)	1,180
Interest income (expense), net	(108)	135
Gain on loan forgiveness	580
Income (loss) before provision for income taxes	(963)	1,045
Provision for income taxes	842	401
Consolidated net income (loss)	(1,805)	644
Income (loss) attributable to non-controlling interests	(132)	27
Net income (loss) attributable to Innodata Inc. and Subsidiaries	$ (1,673)	$ 617
Income (loss) per share attributable to Innodata Inc. and Subsidiaries:
Basic	$ (0.06)	$ 0.03
Diluted	$ (0.06)	$ 0.02
Weighted average shares outstanding:
Basic	26,630	24,607
Diluted	26,630	25,573
Comprehensive income (loss):
Consolidated net income (loss)	$ (1,805)	$ 644
Pension liability adjustment, net of taxes	(414)	(391)
Change in fair value of derivatives, net of taxes	(353)	(33)
Foreign currency translation adjustment	(487)	406
Other comprehensive loss	(1,254)	(18)
Total comprehensive income (loss)	(3,059)	626
Comprehensive income (loss) attributed to non-controlling interest	(132)	27
Comprehensive income (loss) attributable to Innodata Inc. and Subsidiaries	$ (2,927)	$ 599

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY - USD ($) $ in Thousands	Common StockAs previously reported	Common Stock	Additional Paid-in CapitalAs previously reported	Additional Paid-in Capital	Retained EarningsAs previously reported	Retained Earnings	Accumulated Other Comprehensive LossAs previously reported	Accumulated Other Comprehensive Loss	Treasury StockAs previously reported	Treasury Stock	As previously reported	Total
Balance at Dec. 31, 2019	$ 275		$ 28,426		$ 4,216		$ (920)	$ (920)	$ (6,465)		$ 25,532
Balance (in shares) at Dec. 31, 2019	27,643,000
Balance (in shares) at Dec. 31, 2019									(3,184,000)
Net income attributable to Innodata Inc. and Subsidiaries												$ 617
Stock-based compensation				$ 913								913
Stock option exercises		$ 14		2,582								2,596
Stock option exercises (in shares)		1,341,000
Pension liability adjustments, net of taxes								(391)				(391)
Foreign currency translation adjustment								406				406
Change in fair value of derivatives, net of taxes								(33)				(33)
Balance at Dec. 31, 2020		$ 289		31,921		$ 4,833		(938)		$ (6,465)		$ 29,640
Balance (in shares) at Dec. 31, 2020		28,984,000
Balance (in shares) at Dec. 31, 2020										(3,184,000)		3,184,000
Net income attributable to Innodata Inc. and Subsidiaries						(1,673)						$ (1,673)
Stock-based compensation				1,750								1,750
Stock option exercises		$ 13		2,214								2,227
Stock option exercises (in shares)		1,556,000
Shares withheld for exercise settlement and taxes		$ 1		(764)								(763)
Shares withheld for exercise settlement and taxes (in shares)		(193,000)
Pension liability adjustments, net of taxes								(414)				(414)
Foreign currency translation adjustment								(487)				(487)
Change in fair value of derivatives, net of taxes								(353)				(353)
Balance at Dec. 31, 2021		$ 303		$ 35,121		$ 3,160		$ (2,192)		$ (6,465)		$ 29,927
Balance (in shares) at Dec. 31, 2021		30,347,000
Balance (in shares) at Dec. 31, 2021										(3,184,000)		3,184,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Consolidated net income (loss)	$ (1,805)	$ 644
Adjustments to reconcile consolidated net income (loss) to net cash provided by operating activities:
Depreciation and amortization	2,869	2,266
Gain on loan forgiveness	(580)
Stock-based compensation	1,750	913
Deferred income taxes	88	(618)
Pension cost	507	791
Loss on disposal of property and equipment		48
Changes in operating assets and liabilities:
Accounts receivable	(1,872)	(481)
Prepaid expenses and other current assets	487	(555)
Other assets	311	270
Accounts payable, accrued expenses and other	4,441	155
Accrued salaries, wages and related benefits	685	1,449
Income and other taxes	(1,730)	778
Net cash provided by operating activities	5,151	5,660
Cash flows from investing activities:
Capital expenditures	(4,368)	(1,414)
Proceeds from disposal of property and equipment		39
Net cash used in investing activities	(4,368)	(1,375)
Cash flows from financing activities:
Proceeds from exercise of stock options	2,227	2,596
Withholding taxes on net settlement of stock-based compensation	(763)
Payment of long-term obligations	(691)	(864)
Proceeds from bank loan		580
Net cash provided by (used in) financing activities	773	2,312
Effect of exchange rate changes on cash and cash equivalents	(227)	102
Net increase in cash and cash equivalents	1,329	6,699
Cash and cash equivalents, beginning of year	17,573	10,874
Cash and cash equivalents, end of year	18,902	17,573
Supplemental disclosures of cash flow information:
Shares withheld for withholding taxes on net settlement for stock-based compensation	763
Cash paid for income taxes	1,540	348
Cash paid for operating leases	1,789	2,286
Cash paid for interest	$ 28	$ 141

Description of Business and Sum

Description of Business and Summary of Significant Accounting Estimates and Policies	12 Months Ended
	Dec. 31, 2021
Description of Business and Summary of Significant Accounting Estimates and Policies
Description of Business and Summary of Significant Accounting Estimates and Policies	1. Description of Business and Summary of Significant Accounting Estimates and Policies Description of Business The Company provides AI-enabled software platforms and managed services to companies that require high-quality data for training AI and machine learning (ML) algorithms. The Company also provides AI digital transformation solutions and platforms to help companies apply AI/ML to real-world problems relating to analyzing and deriving insights from documents. For industry-specific, document-intensive industry business processes, the Company provides AI-augmented software-as-a-service (SaaS) platforms and discrete managed services. The Company’s platforms and services are powered by Goldengate, its proprietary AI/ML platform, as well as other technologies it has developed. In addition, the Company brings to bear more than 4,500 employees spanning eight countries with expertise in data pertaining to many professional fields. The Company’s hybrid approach of using AI/ML in conjunction with human experts enables the Company to deliver superior data quality with even the most complex and sensitive data. The Company developed its capabilities and honed its customer- and quality-centric culture progressively over the last 30 years creating high-quality data for many of the world’s most demanding information companies. Approximately six years ago, the Company formed Innodata Labs, a research and development center, to research, develop and apply machine learning and emerging AI to its large-scale, human-intensive data operations. In 2019, the Company began packaging the capabilities that emerged from its R&D efforts in order to align with several fast-growing new markets and help companies use AI/ML to drive performance benefits and business insights. The Company anticipates this strategy will enable it to accelerate growth. AI Data Annotation The Company trains AI algorithms for social media companies, robotics companies, financial services companies, and many others, working with images, text, video and audio. Data sciences teams seek partners that can perform data preparation functions for them at large-scale and at high quality, while using automated tools to minimize cost. Moreover, as AI projects become more specialized and mission-critical, data preparation is becoming increasingly complex, requiring deep domain knowledge and an infrastructure in which data security is assured. The Company utilizes a variety of leading third-party image and video annotation tools. For text, the Company uses its proprietary data annotation platform that incorporates AI to reduce cost while improving consistency and quality of output. The Company’s proprietary text annotation platform features auto-tagging capabilities that apply to both classical and generative AI tasks. It also encapsulates many of the innovations the Company has conceived of in the course of its 30-year history of creating high-quality data. AI Digital Transformation The Company also provides AI solutions and platforms to companies that intensively process textual data and seek to obtain the benefits of AI/ML technologies without having to develop AI/ML engineering capabilities in-house. For such companies, the Company often integrates one or more of its pre-trained text processing algorithms as a foundation for an overall solution. The Company’s algorithms are accessible as microservices via application programming interfaces (APIs), enabling easy integration. In conjunction with AI digital transformation, the Company often provides a range of data engineering support services, including data transformation, data curation, data hygiene, data consolidation, data compliance, and master data management. The Company’s customers span a diverse range of industries and a wide range of AI use cases, benefiting from the short time-to-value and high economic returns of the Company’s AI digital transformation solutions and platforms. Industry AI Platforms The Company’s industry platforms address specific, niche market requirements that the Company believes it can fulfill in large part with its AI/ML technologies. The Company deploys these industry platforms as software-as-a-service (SaaS) and as managed services. To date, the Company has built an industry platform for medical records data extraction and transformation (which the Company brands as “Synodex ® The Company’s Synodex industry platform transforms medical records into useable digital data organized in accordance with its proprietary data models or customer data models. The Company’s Agility industry platform provides marketing communications and public relations professionals with the ability to target and distribute content to journalists and social media influencers world-wide and to monitor and analyze global news (print, web, radio and TV) and social media. Critical Accounting Estimates and Policies Principles of Consolidation - Use of Estimates Revenue Recognition For the Digital Data Solutions (DDS) segment, revenue is recognized primarily based on the quantity delivered or resources utilized in the period in which services are performed and performance conditions are satisfied as per the agreement. Revenues for agreements billed on a time-and-materials basis are recognized as services are performed. Revenues under fixed-fee agreements, which are not significant to overall revenues, are recognized based on the proportional performance method of accounting, as services are performed, or milestones are achieved. For the Synodex segment, revenue is recognized primarily based on the quantity delivered in the period in which services are performed and performance conditions are satisfied as per the agreement. A portion of the Synodex segment revenue is derived from licensing our functional software and providing access to the Company’s hosted software platform. Revenue from such services is recognized monthly when all parties to the agreement have agreed to the agreement; each party’s rights are identifiable; the payment terms are identifiable; the agreement has commercial substance; access to the service is provided to the end user; and collection is probable. The Agility segment derives its revenue primarily from subscription arrangements and provision of enriched media analysis services. It also derives revenue as a reseller of corporate communication solutions. Revenue from subscriptions is recognized monthly when access to the service is provided to the end user; all parties to the agreement have agreed to the agreement; each party’s rights are identifiable; the payment terms are identifiable; the agreement has commercial substance; and collection is probable. Revenue from enriched media analysis services is recognized when the services are performed, and performance conditions are satisfied. Revenues from the reseller agreements are recognized at the gross amount received for the goods in accordance with our functioning as a principal due to our meeting the following criteria: the Company acts as the primary obligor in the sales transaction; assumes the credit risk; sets the price; can select suppliers; and is involved in the execution of the services, including after sales service. Revenues include reimbursement of out-of-pocket expenses, with the corresponding out-of-pocket expenses included in direct operating costs. The Company considers U.S. GAAP criteria for determining whether to report gross revenue as a principal versus net revenue as an agent. The Company evaluates whether it is in control of the services before the same are transferred to the customer to assess whether it is principal or agent in the arrangement. Revenues are recognized on a gross basis if the Company is in the capacity of principal and on a net basis if it falls in the capacity of an agent. Contract acquisition costs, which are included in prepaid expenses and other current assets are amortized over the term of a subscription agreement or contract that normally has a duration of 12 months or less. The Company reviews these prepaid acquisition costs on a periodic basis to determine the need to adjust the carrying values for early terminated contracts. Foreign Currency Translation The functional currency for the Company’s subsidiaries in Germany, the United Kingdom and Canada are the Euro, the Pound Sterling and the Canadian dollar, respectively. The financial statements of these subsidiaries are prepared in these respective currencies. Financial information is translated from the applicable functional currency to the U.S. dollar (the reporting currency) for inclusion in the Company’s consolidated financial statements. Income, expenses and cash flows are translated at weighted average exchange rates prevailing during the fiscal period, and assets and liabilities are translated at fiscal period-end exchange rates. Resulting translation adjustments are included as a component of accumulated other comprehensive loss in stockholders’ equity. Foreign exchange transaction gains or losses are included in direct operating costs in the accompanying consolidated statements of operations and comprehensive income (loss). Derivative Instruments - For derivative instruments that are designated and qualify as cash flow hedges, entire change in fair value of the hedging instrument is recorded in Other comprehensive income (loss). When the amounts recorded in Other comprehensive income (loss) are reclassified to earnings, they are included Cash Equivalents - Property and Equipment - two Capitalized Developed Software Long-lived Assets Goodwill and Other Intangible Assets – Goodwill represents the excess of the cost of an acquired entity over the fair value of the acquired net assets. The Company does not amortize goodwill but evaluates it for impairment at the reporting unit level annually during the third quarter of each fiscal year (as of September 30 of that year) or when an event occurs, or circumstances change, that indicates the carrying value may not be recoverable. The Company performed its annual goodwill assessment for the Agility segment as of September 30, 2021. In performing the assessment, the Company adhered to the provisions of ASU 2017-04 by using a single step approach that determines the carrying value of goodwill and comparing it against the excess of the reporting unit’s fair value. Based on the Company’s assessment, the Company reached the conclusion that there was no goodwill impairment because the fair value of the Agility segment’s goodwill exceeded its carrying value. Income Taxes In assessing the realization of deferred tax assets, management considered whether it is more likely than not that all or some portion of the U.S. and Canadian deferred tax assets will not be realizable. As the expectation of future taxable income resulting from the Synodex and Agility segments cannot be predicted with certainty, the Company maintains a valuation allowance against all the U.S. and Canadian net deferred tax assets. The Company accounts for income taxes regarding uncertain tax positions, and recognizes interest and penalties related to uncertain tax positions in income tax expense in the consolidated statements of operations and comprehensive loss. Accounting for Leases - The determination of whether an arrangement is, or contains, a lease is based on the substance of the arrangement at the inception date and requires an assessment of whether the fulfillment of the arrangement is dependent on the use of a specific asset or assets or the arrangement conveys a right to use the asset. A reassessment is made after inception of the lease only if one of the following applies: a. there is a change in contractual terms, other than a renewal or extension of the arrangement; b. a renewal option is exercised, or extension granted, unless the term of the renewal or extension was initially included in the lease term; c. there is a change in the determination of whether fulfillment is dependent on a specified asset; or d. there is a substantial change to the asset. Whenever a reassessment is made, lease accounting shall commence or cease from the date when the change in circumstances gave rise to the reassessment for scenarios (a), (c) or (d) and at the date of renewal or extension period for scenario (b). Leases where the lessor retains substantially all the risks and rewards of ownership are classified as operating leases. As of December 31, 2021, all of the Company’s leases are classified under operating leases. Operating lease payments are recognized as an operating expense on a straight-line basis over the lease term. Accounting for Stock-Based Compensation - The stock-based compensation expense related to the Company’s stock plans were allocated as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Direct operating costs ​ $ 178 ​ $ 158 Selling and adminstrative expenses ​ 1,572 ​ 755 Total stock-based compensation ​ $ 1,750 ​ $ 913 ​ Fair Value of Financial Instruments Fair value measurements and disclosures define fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The accounting standard establishes a fair value hierarchy that prioritizes the inputs used to measure fair value into three levels. The three levels are defined as follows: ● Level 1 : Unadjusted quoted price in active market for identical assets and liabilities. ● Level 2: Inputs other than those included in Level 1 that are observable for the asset or liability, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ● Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. The Company’s forward contracts are at level 2 in the fair value hierarchy. Accounts Receivable Concentration of Credit Risk Income (Loss) per Share Pension - Deferred Revenue Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Statements” (“ASU 2016-13”). ASU 2016-13 requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation amount that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. In November 2018, the FASB issued ASU No. 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses,” which clarifies ASC Topic 326, “Financial Instruments – Credit Losses” and corrects unintended application of the guidance, and in November 2019, the FASB issued ASU No. 2019-11, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses,” which clarifies or addresses specific issues about certain aspects of ASU 2016-13. In March 2020, the FASB issued ASU No. 2020-03, “Codification Improvements to Financial Instruments,” which modifies the measurement of expected credit losses of certain financial instruments. ASU 2016-13 is effective for certain smaller reporting companies for financial statements issued for fiscal years beginning after December 15, 2022 and interim periods within those fiscal years, which will be fiscal 2023 for the Company if it continues to be classified as a smaller reporting company, with early adoption permitted. The Company does not expect that the adoption of the new guidance will have a material impact on the Company’s condensed consolidated financial statements.

Property and equipment

Property and equipment	12 Months Ended
	Dec. 31, 2021
Property and equipment
Property and equipment	2. Property and equipment Property and equipment, which include amounts recorded under capital leases, are stated at cost less accumulated depreciation and amortization (in thousands), and consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Equipment ​ $ 12,834 ​ $ 11,199 Computer software ​ 4,399 ​ 5,186 Furniture and equipment ​ 1,397 ​ 1,437 Leasehold improvements ​ 3,287 ​ 3,267 Total ​ 21,917 ​ 21,089 Less: accumulated depreciation and amortization ​ (18,970) ​ (19,237) ​ ​ $ 2,947 ​ $ 1,852 ​ The estimated useful lives of the property and equipment range between two years and ten years. Depreciation and amortization expense of property and equipment were approximately $0.9 million for the years ended December 31, 2021 and 2020, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets
Goodwill and Intangible Assets	3. Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the year ended December 31, 2021 was as follows (in thousands): ​ ​ ​ ​ ​ Balance as of January 1, 2021 $ 2,150 Foreign currency translation adjustment ​ (7) Balance as of December 31, 2021 ​ $ 2,143 ​ On September 30, 2021, The Company performed its annual goodwill assessment for the Agility segment in accordance with the provisions of ASU 2017-04, by using a single-step approach that determines the carrying value of the reporting unit and compares it against the reporting unit’s fair value. The Company determined that there was no impairment of long-lived assets, tangible or intangible, in any reporting units as of September 30, 2021. The fair value measurement of goodwill for the Agility segment was classified within Level 3 of the fair value hierarchy because the Company used the income approach, which utilizes significant inputs that are unobservable in the market and the market multiple approaches using comparable entities to further validate the carrying values. The Company believes it made reasonable estimates and assumptions to calculate the fair value of the reporting unit as of the impairment test measurement date. The carrying value of Goodwill was $2.1 million Information regarding the Company acquired intangible assets and capitalized developed software was as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company Acquired Intangible Assets ​ Capitalized Developed Software ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capitalized ​ ​ ​ ​ ​ ​ ​ ​ Trademarks ​ ​ Media ​ Capitalized ​ Developed ​ ​ ​ ​ Developed ​ Customer ​ and ​ ​ ​ ​ Contact ​ Developed ​ Software - in ​ ​ ​ ​ technology relationships trade names Patents Database Software Progress Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross carrying amounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of January 1, 2021 ​ $ 3,175 ​ $ 2,228 ​ $ 882 ​ $ 45 ​ $ 3,670 ​ $ 5,507 ​ $ 1,360 ​ $ 16,867 Additions ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 376 ​ ​ 2,005 ​ ​ 2,381 Transfers ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 2,752 ​ ​ (2,752) ​ ​ - Foreign currency translation adjustment ​ (6) ​ - ​ (2) ​ - ​ (22) ​ (59) ​ 22 ​ (67) Balance as of December 31, 2021 ​ $ 3,169 ​ $ 2,228 ​ $ 880 ​ $ 45 ​ $ 3,648 ​ $ 8,576 ​ $ 635 ​ $ 19,181 Accumulated amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of January 1, 2021 ​ $ 1,844 ​ $ 1,192 ​ $ 629 ​ $ 29 ​ $ 1,650 ​ $ 1,492 ​ $ - ​ $ 6,836 Amortization expense ​ ​ 315 ​ ​ 187 ​ ​ 56 ​ ​ 5 ​ ​ 354 ​ ​ 1,089 ​ ​ - ​ ​ 2,006 Foreign currency translation adjustment ​ ​ (1) ​ ​ (2) ​ ​ - ​ ​ - ​ ​ 1 ​ ​ (6) ​ ​ - ​ ​ (8) Balance as of December 31, 2021 ​ $ 2,158 ​ $ 1,377 ​ $ 685 ​ $ 34 ​ $ 2,005 ​ $ 2,575 ​ $ - ​ $ 8,834 Net carrying amounts - December 31, 2021 ​ $ 1,011 ​ $ 851 ​ $ 195 ​ $ 11 ​ $ 1,643 ​ $ 6,001 ​ $ 635 ​ $ 10,347 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capitalized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks ​ ​ ​ ​ Media ​ Capitalized ​ Developed ​ ​ ​ ​ ​ Developed ​ Customer ​ and ​ ​ ​ ​ Contact ​ Developed ​ Software - in ​ ​ ​ ​ technology relationships tradenames Patents Database Software Progress Total Gross carrying amounts: ​ ​ ​ ​ ​ ​ ​ ​ Balance as of January 1, 2020 ​ $ 3,108 ​ $ 2,177 ​ $ 871 ​ $ 43 ​ $ 3,606 ​ $ 2,962 ​ $ 2,530 ​ $ 15,297 Additions ​ - ​ ​ - ​ ​ - ​ - ​ - ​ - ​ 1,247 ​ 1,247 Transfers ​ - ​ ​ - ​ ​ - ​ - ​ - ​ 2,538 ​ (2,538) ​ - Foreign currency translation adjustment ​ 67 ​ 51 ​ 11 ​ 2 ​ 64 ​ 7 ​ 121 ​ 323 Balance as of December 31, 2020 ​ $ 3,175 ​ $ 2,228 ​ $ 882 ​ $ 45 ​ $ 3,670 ​ $ 5,507 ​ $ 1,360 ​ $ 16,867 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated amortization: ​ ​ ​ ​ ​ ​ ​ ​ Balance as of January 1, 2020 ​ $ 1,493 ​ $ 983 ​ $ 567 ​ $ 24 ​ $ 1,261 ​ $ 1,040 ​ $ - ​ $ 5,368 Amortization expense ​ 308 ​ 179 ​ 55 ​ 4 ​ 361 ​ 469 ​ - ​ 1,376 Foreign currency translation adjustment ​ 43 ​ 30 ​ 7 ​ 1 ​ 28 ​ (17) ​ - ​ 92 Balance as of December 31, 2020 ​ $ 1,844 ​ $ 1,192 ​ $ 629 ​ $ 29 ​ $ 1,650 ​ $ 1,492 ​ $ - ​ $ 6,836 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net carrying values - December 31, 2020 ​ $ 1,331 ​ $ 1,036 ​ $ 253 ​ $ 16 ​ $ 2,020 ​ $ 4,015 ​ $ 1,360 ​ $ 10,031 ​ The Company reclassified capitalized developed software, net of accumulated amortization, of $5.4 million at December 31, 2020 from Property and Equipment to Intangibles to conform to the current year’s presentation. Amortization expense relating to acquisition-related intangible assets was approximately $0.9 million for the years ended December 31, 2021 and 2020, respectively. Amortization expense relating to capitalized developed software was approximately $1.1 million and $0.5 million for the years ended December 31, 2021 and 2020, respectively. Estimated annual amortization expense for intangible assets subsequent to December 31, 2021 is as follows (in thousands): ​ ​ ​ ​ ​ Year Amortization ​ ​ ​ ​ 2022 ​ $ 2,486 2023 ​ 2,196 2024 ​ ​ 1,798 2025 ​ 1,211 2026 ​ 802 Thereafter ​ 1,854 ​ ​ $ 10,347 ​

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Taxes
Income Taxes	4. Income Taxes The significant components of the provision for income taxes for the years ended December 31, 2021 and 2020 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 Current income tax expense (benefit): ​ ​ Foreign ​ $ 728 ​ $ 1,065 Federal ​ 5 ​ 15 State and local ​ 21 ​ (61) ​ ​ 754 ​ 1,019 Deferred income tax expense (benefit): ​ ​ Foreign ​ 126 ​ (628) Federal ​ (38) ​ 10 State and local ​ - ​ - ​ ​ 88 ​ (618) Provision for income taxes ​ $ 842 ​ $ 401 ​ The reconciliation of the U.S. statutory rate with the Company’s effective tax rate for the years ended December 31, 2021 and 2020 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 Federal income tax expense (benefit) at statutory rate (21.0) % 21.0 % Effect of: ​ ​ Change in valuation allowance 186.1 137.7 ​ Effect of Section 162 (m) 29.9 - ​ Change in rates ​ 12.2 ​ (172.7) ​ Foreign operations permanent differences - foreign exchange gains and losses 9.5 (1.3) ​ State income tax net of federal benefit 1.9 (4.3) ​ Withholding tax - 1.5 ​ Deemed interest ​ (1.4) ​ (2.1) ​ Return to provision true up (2.3) (10.8) ​ Tax effects of foreign operations 2.0 57.7 ​ Increase in unrecognized tax benefits (ASC 740) ​ (22.8) ​ 31.5 ​ Foreign rate differential (31.8) (8.6) ​ Effect of stock-based compensation ​ (72.1) ​ (10.9) ​ Other ​ (2.8) ​ (0.3) ​ Effective tax rate 87.4 % 38.4 % ​ Deferred tax assets and liabilities are classified as non-current. Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2021 and 2020 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Deferred income tax assets: ​ ​ Allowances not currently deductible ​ $ 183 ​ $ 192 Depreciation and amortization ​ 308 ​ 334 Equity compensation not currently deductible ​ 831 ​ 778 Net operating loss carryforwards ​ 7,741 ​ 6,751 Expenses not deductible until paid ​ 1,829 ​ 1,691 Other ​ 153 ​ 358 Total gross deferred income tax assets before valuation allowance ​ 11,045 ​ 10,104 Valuation allowance ​ (9,095) ​ (7,917) Deferred income tax assets, net ​ ​ 1,950 ​ ​ 2,187 ​ ​ ​ ​ ​ ​ ​ Deferred income tax liabilities: ​ ​ Other ​ (15) ​ (44) Total deferred income tax liabilities ​ (15) ​ (44) ​ ​ ​ ​ ​ ​ ​ Net deferred income tax assets ​ $ 1,935 ​ $ 2,143 ​ ​ ​ ​ ​ ​ ​ Net deferred income tax assets ​ $ 1,950 ​ $ 2,187 Net deferred income tax liability ​ (15) ​ (44) ​ ​ ​ ​ ​ ​ ​ Net deferred income tax assets ​ $ 1,935 ​ $ 2,143 ​ In assessing the realization of deferred tax assets, management considers whether it is more likely than not that all or some portion of the deferred tax assets will not be realizable. The ultimate realization of the deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences are deductible and net operating losses are available. As of December 31, 2021, the Company continues to maintain a valuation allowance on all U.S. and Canadian net deferred tax assets. The Company maintained a valuation allowance of approximately $9.1 million and $7.9 million as of December 31, 2021 and 2020, respectively. The valuation allowance relates to U.S. and the Company’s Canadian subsidiaries deferred tax assets. The net change in the total valuation allowance was an increase of $1.2 million and $1.4 million for the years ended December 31, 2021 and December 31, 2020, respectively. Despite the access to the overseas earnings and the resulting toll charge, the Company intends to indefinitely reinvest the foreign earnings in our foreign subsidiaries on account of the foreign jurisdiction withholding tax that the Company has to incur on the actual remittances. Unremitted earnings of foreign subsidiaries amounted to approximately $50.0 million at December 31, 2021. If such earnings are repatriated in the future, or are no longer deemed to be indefinitely reinvested, the Company would have to accrue the applicable amount of foreign jurisdiction withholding taxes associated with such remittances. United States and foreign components of income (loss) before provision for income taxes for each of the two years ended December 31, were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 United States ​ $ (261) ​ $ 930 Foreign ​ (702) ​ 115 Totals ​ $ (963) ​ $ 1,045 ​ At December 31, 2021, the Company had available U.S. federal net operating loss carryforwards of approximately $17.9 million. These net operating loss carryforwards expire at various times through the year 2035. On March 27, 2020, the CARES Act was signed into law in response to U.S. businesses’ economic challenges. Under the CARES Act, the Internal Revenue Code was amended to allow for federal NOL carrybacks for five years to offset previous years taxable income or for the NOL to be carried forward indefinitely to offset 100% of taxable income for the tax year 2020 and 80% of taxable income for tax years 2021 and thereafter. As of the date the financial statements were issued, the state NOL carryforwards, if not utilized, will expire beginning in 2022. On December 31, 2021, the Company’s Canadian subsidiaries had available net operating loss carryforwards of approximately $20.6 million in Canada, which will begin to expire in 2028. The potential benefits from these balances have not been recognized for financial statement purposes. The Company had unrecognized tax benefits of $1.8 million and $3.2 million as of December 31, 2021, and 2020, respectively. The decrease in unrecognized tax benefits resulted from the reversal of a prior year’s accrual due to tax settlements. The Company expects that unrecognized tax benefits as of December 31, 2021 and December 31, 2020, if recognized, would have a material impact on the Company’s effective tax rate. The Company is subject to Federal income tax, as well as income tax in various states and foreign jurisdictions. The Company has open tax years for U.S. Federal and state taxes from 2016 through 2020. Various foreign subsidiaries have open tax years from 2003 through 2020, some of which are under audit by local tax authorities. The Company believes that its accruals for uncertain tax positions as of December 31, 2021 under ASC 740, Income Taxes are adequate to cover the Company’s income tax exposures. The following table represents a roll forward of the Company’s unrecognized tax benefits and associated interest for the years ended in thousands: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrecognized Tax ​ ​ Benefits ​ ​ December 31, ​ 2021 2020 Balance at January 1 ​ $ 3,231 ​ $ 2,957 Decrease (increase) for prior year tax positions ​ (1,713) ​ 308 Increase (decrease) for current year tax positions ​ 156 ​ (161) Interest accrual ​ 111 ​ 199 Foreign currency remeasurement ​ (32) ​ (72) Balance at December 31 ​ $ 1,753 ​ $ 3,231 ​ Tax Assessments In September 2015, the Company’s Indian subsidiary was subject to an inquiry by the Service Tax Department in India regarding the classification of services provided by this subsidiary, asserting that the services provided by this subsidiary fall under the category of online information and database access or retrieval services (OID Services), and not under the category of business support services (BS Services) that are exempt from service tax as historically indicated in the subsidiary’s service tax filings. The Company disagrees with the Service Tax Department’s position. In November 2019, the Commissioner of Central Tax, GST & Central Excise issued an order confirming the Service Tax Department’s position. The Company is contesting this order in an appeal to the Customs, Excise and Service Tax Appellate Tribunal. In the event the Service Tax Department is ultimately successful in proving that the services fall under the category of OID Services, the revenues earned by the Company’s Indian subsidiary for the period July 2012 through November 2016 would be subject to a service tax of between 12.36% and 15%, and this subsidiary may also be liable for interest and penalties. The revenue of the Company’s Indian subsidiary during this period was approximately $63.0 million. In accordance with new rules promulgated by the Service Tax Department, as of December 1, 2016 service tax is no longer applicable to OID or BS Services. Based on the Company’s assessment, in consultation with the Company’s tax counsel, the Company has not recorded any tax liability for this case. In a separate action relating to service tax refunds, in October 2016, the Company’s Indian subsidiary received notices from the Indian Service Tax Department in India seeking to reverse service tax refunds of approximately $160,000 previously granted to our Indian subsidiary for three quarters in 2014, asserting that the services provided by this subsidiary fall under the category of OID Services and not BS Services. The appeal was determined in favor of the Service Tax Department. The Company disagrees with the basis of this decision and is contesting it. The Company expects delays in its Indian subsidiary receiving further service tax refunds until this matter is adjudicated with finality, and currently has service tax credits of approximately $1.0 million recorded as a receivable. Based on the Company’s assessment, in consultation with the Company’s tax counsel, the Company has not recorded any tax liability for this case. Substantial recovery against the Company in the above referenced 2015 Service Tax Department case could have a material adverse impact on the Company, and unfavorable rulings or recoveries in other tax proceedings could have a material adverse impact on the consolidated operating results of the period (and subsequent periods) in which the rulings or recovery occurs.

Long-term obligations

Long-term obligations	12 Months Ended
	Dec. 31, 2021
Long-term obligations
Long-term obligations	5. Long-term obligations Total long-term obligations as of December 31, 2021 and 2020 consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Pension obligations - accrued pension liability ​ $ 6,839 ​ $ 5,940 Settlement agreement ​ ​ 272 ​ ​ 518 Capital lease obligations ​ ​ - ​ 209 Microsoft licenses ​ 385 ​ 747 Bank loans payable ​ - ​ 580 ​ ​ ​ 7,496 ​ 7,994 Less: Current portion of long-term obligations ​ 1,279 ​ 1,712 Totals ​ $ 6,217 ​ $ 6,282 ​

Commitments and contingencies

Commitments and contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and contingencies
Commitments and contingencies	6. Commitments and contingencies Litigation – The Company is also subject to various other legal proceedings and claims that have arisen in the ordinary course of business. While management currently believes that the ultimate outcome of these proceedings will not have a material adverse effect on the Company’s consolidated financial position or overall trends in consolidated results of operations, litigation is subject to inherent uncertainties. Substantial recovery against the Company in the above-referenced Philippine action could have a material adverse impact on the Company, and unfavorable rulings or recoveries in the other proceedings could have a material adverse impact on the consolidated operating results of the period in which the ruling or recovery occurs. In addition, the Company’s estimate of the potential impact on the Company’s consolidated financial position or overall consolidated results of operations for the above referenced legal proceedings could change in the future. The Company’s legal accruals related to legal proceedings and claims are based on the Company’s determination of whether or not a loss is probable. The Company reviews outstanding proceedings and claims with external counsel to assess probability and estimates of loss. The accruals are adjusted if necessary. While the Company intends to defend these matters vigorously, adverse outcomes that it estimates could reach approximately $350,000 in the aggregate beyond recorded amounts are reasonably possible. If circumstances change, the Company may be required to record adjustments that could be material to its reported consolidated financial condition and results of operations. Foreign Currency Indemnifications

Operating Leases

Operating Leases	12 Months Ended
	Dec. 31, 2021
Operating Leases
Operating Leases	7. Operating Leases The Company has various lease agreements for its offices and service delivery centers. The Company has determined that the risks and benefits related to the leased properties are retained by the lessors. Accordingly, these are accounted for as operating leases. These lease agreements are for terms ranging from two The Company adopted ASU 2016-02 , 1. Did not reassess whether any expired or existing contracts are or contain leases. 2. Did not reassess the lease classification for any expired or existing leases. 3. Did not reassess initial direct costs for any existing leases. In addition, the Company elected to retrospectively determine the lease term and assess impairment of the right-of-use asset. Under the standard, the Company recognizes an operating lease liability and right-of-use asset. The amount of right-of use asset is equal to the present value of the remaining lease payments discounted using the incremental borrowing rate of each respective country. Modifications, if any are recalculated and corresponding adjustments are made to the carrying values of both the lease liability and right-of-use assets. A right-of-use asset is measured as the amount of the lease liability adjusted for the amount of deferred straight-line rent, prepaid rent and lease incentive allowances previously recognized. The table below summarizes the amounts recognized in the financial statements related to operating leases for the years presented (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ December 31, 2021 December 31, 2020 ​ ​ ​ ​ ​ ​ ​ Rent expense for long-term operating leases ​ $ 1,560 ​ $ 1,667 Rent expense for short-term leases ​ 229 ​ 619 Total rent expense ​ $ 1,789 ​ $ 2,286 ​ The following table presents the maturity profile of the Company’s operating lease liabilities based on the contractual undiscounted payments with a reconciliation of these amounts to the remaining net present value of the operating lease liability reported in the consolidated balance sheet as of December 31, 2021 (in thousands): ​ ​ ​ ​ ​ Year ​ Amount ​ ​ ​ ​ 2022 ​ $ 1,510 2023 ​ 1,256 2024 ​ 1,028 2025 ​ 1,043 2026 ​ ​ 1,068 2027 and thereafter ​ 2,423 Total lease payments ​ 8,328 Less: Interest ​ (2,018) Net present value of lease liabilities ​ $ 6,310 ​ ​ ​ ​ Current portion ​ $ 1,034 Long-term portion ​ 5,276 Total ​ $ 6,310 ​ The weighted average remaining lease terms and discount rates for all of our operating leases as of December 31, 2021 were as follows: ​ ​ ​ ​ ​ Weighted-average lease term remaining 53 months ​ Weighted-average discount rate 8.68% ​ ​

Pension Benefits

Pension Benefits	12 Months Ended
	Dec. 31, 2021
Pension Benefits
Pension Benefits	8. Pension Benefits U.S. Defined Contribution Pension Plan – Most of the non-U.S. subsidiaries provide for government-mandated defined pension benefits. For certain of these subsidiaries, vested eligible employees are provided a lump sum payment upon retiring from the Company at a defined age. The lump sum amount is based on the salary and tenure as of retirement date. Other non-U.S. subsidiaries provide for a lump sum payment to vested employees on retirement, death, incapacitation or termination of employment, based upon the salary and tenure as of the date employment ceases. The liability for such defined benefit obligations is determined and provided on the basis of actuarial valuations. As of December 31, 2021, these plans were unfunded. Pension expense for foreign subsidiaries totaled approximately $0.9 million and $0.8 million for the years ended December 31, 2021 and 2020, respectively. The following tables set out the status of the non-U.S. pension benefits and the amounts recognized in the Company’s consolidated financial statements and the components of pension costs as of and for each of the two years in the period ended December 31 (in thousands): Benefit Obligations: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Projected benefit obligation at beginning of the year ​ $ 5,940 ​ $ 4,611 Service cost ​ 572 ​ 492 Interest cost ​ 247 ​ 249 Actuarial loss (gain) ​ 559 ​ 505 Foreign currency exchange rates changes ​ (359) ​ 168 Benefits paid ​ (120) ​ (85) Projected benefit obligation at end of the year ​ $ 6,839 ​ $ 5,940 ​ Components of Net Periodic Pension Cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 572 ​ $ 492 Interest cost ​ 247 ​ 249 Actuarial gain (loss) recognized ​ 47 ​ 50 Net periodic pension cost ​ $ 866 ​ $ 791 ​ The accumulated benefit obligation, which represents benefits earned to date, was approximately $3.7 million for each of the years ended December 31, 2021 and 2020. Amounts recognized in the consolidated balance sheets for the years ended December 31, 2021 and 2020 consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Current accrued benefit cost ​ $ 677 $ 332 Non-current accrued benefit cost ​ 6,162 5,608 Total amount recognized ​ $ 6,839 $ 5,940 ​ Current accrued benefit cost for pension benefits was included in the current portion of long-term obligations in the consolidated balance sheets. Non-current accrued benefit cost for pension benefits was included in long-term obligations, net of current portion, in the consolidated balance sheets. Actuarial assumptions for all non-U.S. plans are described below. The discount rates are used to measure the year end benefit obligations and the earnings effects for the subsequent year. The assumptions for each of the two years in the period ended December 31 were as follows: ​ ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ ​ ​ Discount rate 2.1%-12.03% 3.57%‑8.06% Rate of increase in compensation level 7%-10% 5%‑7% ​ Estimated Future Benefit Payments: As of December 31, 2021, the following benefit payments, which reflect expected future service, as appropriate, were expected to be paid (in thousands): ​ ​ ​ ​ ​ Years Ending December 31, ​ Amount ​ ​ ​ ​ 2022 ​ $ 682 2023 ​ 256 2024 ​ 158 2025 ​ ​ 422 2027 ​ ​ 290 2030 to 2031 ​ 4,737 ​ ​ $ 6,545 ​

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2021
Capital Stock
Capital Stock	9. Capital Stock Common Stock – Preferred Stock – Stockholders Rights Agreement – Common Stock Reserved – Treasury Stock –

Stock Options

Stock Options	12 Months Ended
	Dec. 31, 2021
Stock Options
Stock Options	10. Stock Options On June 7, 2016, stockholders of the Company approved amendments to the Innodata Inc. 2013 Stock Plan (as amended, the “Plan”). The number of shares of common stock of Innodata Inc. that may be delivered, purchased or used for reference purposes (with respect to stock appreciation rights or stock units) for awards granted under the Plan after June 7, 2016 is 5,858,892 (the Share Reserve). Shares subject to an option or stock appreciation right granted under the Plan after June 7, 2016 count against the Share Reserve as one share for every share granted, and shares subject to any other type of award granted under the Plan after June 7, 2016 count against the Share Reserve as two shares for every share granted. Any award, or portion of an award, under the Plan or under the Company’s 2009 Stock Plan (as amended and restated (the Prior Plan)) that expires or terminates unexercised, becomes unexercisable or is forfeited or otherwise terminated, surrendered or canceled as to any shares without delivery of shares or other consideration will be added back to the Share Reserve as one share for each such share that was subject to an option or stock appreciation right granted under the Plan or the Prior Plan, and two shares for each such share that was subject to an award other than an option or stock appreciation right granted under the Plan or the Prior Plan. If any shares are withheld, tendered or exchanged by a participant in the Plan as full or partial payment to Innodata of the exercise price under an option under the Plan or the Prior Plan or in satisfaction of a participant’s tax withholding obligations with respect to any award under the Plan or the Prior Plan, there will be added back to the Share Reserve one share for each such share that was withheld, tendered or exchanged in respect of an option or stock appreciation right granted under the Plan or the Prior Plan, and two shares for each such share that was withheld, tendered or exchanged in respect of an award other than an option or stock appreciation right granted under the Plan or the Prior Plan. On June 8, 2021, stockholders of the Company approved the Innodata Inc. 2021 Equity Compensation Plan (the “2021 Plan”). The number of shares of common stock of Innodata Inc. that may be delivered, purchased or used for reference purposes (with respect to stock appreciation rights or stock units) for awards granted under the 2021 Plan is 1,800,000 (the “Share Reserve”). Shares subject to an option or stock appreciation right granted under the 2021 Plan count against the Share Reserve as one share for every share granted, and shares subject to any other type of award granted under the 2021 Plan count against the Share Reserve as two shares for every share granted. Any shares withheld, tendered or exchanged by a participant in the 2021 Plan as full or partial payment to Innodata of the exercise price under an option under the 2021 Plan or in satisfaction of a participant’s tax withholding obligations with respect to any award under the 2021 Plan, will not be added back to the Share Reserve. The fair value of stock options is estimated on the date of grant using the Black-Scholes option pricing model. The weighted-average fair value of the options granted and weighted-average assumptions were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ Weighted average fair value of options granted $ 3.73 $ 0.61 ​ Risk-free interest rate ​ 0.22% - 0.82 % 0.29%-0.56 % Expected life (years) ​ 3-6 ​ 5-6 ​ Expected volatility factor ​ 58% - 68 % 46.75%-50.09 % Expected dividends ​ None ​ None ​ ​ The Company estimates the risk-free interest rate using the U.S. Treasury yield curve for periods equal to the expected term of the options in effect at the time of grant. The expected term of options granted is based on a combination of vesting schedules, term of the options and historical experience. Expected volatility is based on historical volatility of the Company’s common stock. The Company uses an expected dividend yield of zero since it has never declared or paid any dividends on its capital stock. A summary of option activity under the Plans as of December 31, 2021, and changes during the years ended December 31, 2021 and 2020, is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ ​ ​ ​ ​ Weighted -Average ​ Remaining ​ ​ ​ ​ ​ Number of ​ Exercise ​ Contractual Term ​ Aggregate ​ ​ Options ​ Price ​ (years) ​ Intrinsic Value Outstanding at January 1, 2020 6,828,303 ​ $ 1.86 ​ Granted 1,080,000 ​ 1.37 ​ Exercised (1,357,116) ​ 1.97 ​ Forfeited/Expired (644,303) ​ 3.06 ​ Outstanding at December 31, 2020 ​ 5,906,884 ​ $ 1.61 ​ 6.86 ​ $ 89,405 Granted ​ 1,226,300 ​ ​ 6.84 ​ ​ ​ ​ ​ Exercised ​ (1,556,288) ​ ​ 2.01 ​ ​ ​ ​ ​ Forfeited/Expired ​ (40,000) ​ ​ 1.41 ​ ​ ​ ​ ​ Outstanding at December 31, 2021 5,536,896 ​ $ 2.66 7.52 ​ $ 19,154,463 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at December 31, 2021 3,266,872 ​ $ 1.68 6.69 ​ $ 13,943,444 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and Expected to Vest at December 31, 2021 5,536,896 ​ $ 2.66 7.52 ​ $ 19,154,463 ​ The total compensation cost related to non-vested stock options not yet recognized as of December 31, 2021 totals approximately $3.9 million. The weighted-average period over which these costs will be recognized is twenty-eight A summary of restricted shares under the Company’s Plan as of December 31, 2021 and 2020 are presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ ​ ​ Grant Date Fair ​ ​ Number of Shares ​ Value ​ ​ ​ ​ ​ ​ Outstanding January 1, 2020 ​ 75,000 ​ $ 1.38 Granted ​ - ​ ​ ​ Vested ​ (25,000) ​ ​ ​ Unvested at December 31, 2020 ​ 50,000 ​ ​ ​ Granted ​ - ​ ​ ​ Vested (25,000) ​ ​ Forfeited/Expired - ​ ​ Unvested at December 31, 2021 25,000 ​ $ 1.38 ​ Subsequent Event On March 10, 2022 the Company granted 1,359,558 stock options to certain Company executive officers and a director under a long term incentive arrangement. The stock options were granted pursuant to the terms of the Company’s 2013 Stock Plan (As Amended and Restated Effective June 7, 2016). The stock options have an exercise price of $4.99, a term of ten years from the date of grant, vest in their entirety on January 1, 2025, and have a grant date fair value of approximately $4.0 million. ​

Comprehensive loss

Comprehensive loss	12 Months Ended
	Dec. 31, 2021
Comprehensive loss
Comprehensive loss	11. Comprehensive loss Accumulated other comprehensive loss, as reflected in the consolidated balance sheets, consists of pension liability adjustments, net of taxes, foreign currency translation adjustment and changes in fair value of derivatives, net of taxes. The components of accumulated other comprehensive loss as of December 31, 2021 and 2020, and reclassifications out of accumulated other comprehensive loss for the years then ended, are presented below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Currency Accumulated Other ​ ​ Pension Liability ​ Fair Value of ​ Translation ​ Comprehensive ​ ​ Adjustment ​ Derivatives ​ Adjustment ​ Loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2021 ​ $ (444) ​ ​ - ​ $ (494) ​ $ (938) Other comprehensive income (loss) before reclassifications, net of taxes ​ (457) ​ (458) ​ (487) ​ (1,402) Total other comprehensive loss before reclassifications, net of taxes ​ (901) ​ (458) ​ (981) ​ (2,340) Net amount reclassified to earnings ​ 43 ​ 105 ​ - ​ 148 Balance at December 31, 2021 ​ $ (858) ​ $ (353) ​ $ (981) ​ $ (2,192) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Currency Accumulated Other ​ ​ Pension Liability ​ Fair Value of ​ Translation ​ Comprehensive ​ ​ Adjustment ​ Derivatives ​ Adjustment ​ Loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2020 ​ $ (53) ​ $ 33 ​ $ (900) ​ $ (920) Other comprehensive income (loss) before reclassifications, net of taxes ​ - ​ (106) ​ 406 ​ 300 Total other comprehensive loss before reclassifications, net of taxes ​ (53) ​ (73) ​ (494) ​ (620) Net amount reclassified to earnings ​ (391) ​ 73 ​ - ​ (318) Balance at December 31, 2020 ​ $ (444) ​ $ - ​ $ (494) ​ $ (938) ​ All reclassifications out of accumulated other comprehensive loss had an impact on direct operating costs in the consolidated statements of operations and comprehensive income (loss).

Segment reporting and concentra

Segment reporting and concentrations	12 Months Ended
	Dec. 31, 2021
Segment reporting and concentrations.
Segment reporting and concentrations	12. Segment reporting and concentrations The Company’s operations are classified in three reporting segments: Digital Data Solutions (DDS), Synodex and Agility. The DDS segment provides AI-enabled software platforms and managed services to companies that require high-quality data for training AI and machine learning (ML) algorithms, and AI digital transformation solutions to help companies apply AI/ML to real-world problems relating to analyzing and deriving insights from documents. In conjunction with AI digital transformation, the Company often provides a range of data engineering support services, including data transformation, data curation, data hygiene, data consolidation, data compliance, and master data management. The Synodex segment provides an industry platform that transforms medical records into useable digital data organized in accordance with its proprietary data models or client data models. The Agility segment provides an industry platform that provides marketing communications and public relations professionals with the ability to target and distribute content to journalists and social media influencers world-wide and to monitor and analyze global news channels (print, web, radio and TV) and social media channels. A significant portion of the Company’s revenues is generated from its locations in the Philippines, India, Sri Lanka, Canada, Germany, the United Kingdom and Israel. Revenues from external clients, segment operating profit (loss), and other reportable segment information are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For The Years Ended December 31, ​ 2021 2020 Revenues: ​ ​ DDS ​ $ 52,569 ​ $ 41,983 Synodex ​ 4,163 ​ 4,828 Agility ​ 13,023 ​ 11,429 Total Consolidated ​ $ 69,755 ​ $ 58,240 Income (loss) before provision for income taxes (1) ​ ​ DDS ​ $ 6,311 ​ $ 1,260 Synodex ​ (1,797) ​ 357 Agility ​ (5,477) ​ (572) Total Consolidated ​ $ (963) ​ $ 1,045 Income (loss) before provision for income taxes (2) ​ ​ DDS ​ $ 5,932 ​ $ 980 Synodex ​ (1,525) ​ 536 Agility ​ (5,370) ​ (471) Total Consolidated ​ $ (963) ​ $ 1,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2020 Total assets: ​ ​ DDS ​ $ 40,100 ​ $ 37,095 Synodex ​ 1,753 ​ 825 Agility ​ 17,364 ​ 19,334 Total Consolidated ​ $ 59,217 ​ $ 57,254 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2020 Goodwill: ​ ​ Agility ​ $ 2,143 ​ $ 2,150 Total ​ $ 2,143 ​ $ 2,150 (1) Before elimination of any inter-segment profits (2) After elimination of any inter-segment profits Long-lived assets as of December 31, 2021 and 2020 by geographic region were comprised of (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 United States ​ $ 4,578 ​ $ 4,045 Foreign countries: ​ ​ Canada ​ 9,280 ​ 9,044 United Kingdom ​ 1,538 ​ 1,759 Philippines ​ 4,027 ​ 4,545 India ​ 1,481 ​ 930 Sri Lanka ​ 154 ​ 319 Israel ​ - ​ 1 Total foreign ​ 16,480 ​ 16,598 Totals ​ $ 21,058 ​ $ 20,643 ​ One client in the DDS segment generated approximately 11% and 14% of the Company’s total revenues in the fiscal years ended December 31, 2021 and 2020, respectively. No other client accounted for 10% or more of total revenues during these periods. Further, in the years ended December 31, 2021 and 2020, revenues from non-U.S. clients accounted for 45% and 54%, respectively, of the Company’s revenues. Revenues for each of the two years in the period ended December 31, 2021 and 2020 by geographic region (determined based upon client’s domicile), were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 United States ​ $ 38,164 ​ $ 26,764 United Kingdom ​ 11,588 ​ 11,184 The Netherlands ​ 6,547 ​ 6,695 Canada ​ 6,190 ​ 5,791 Others - principally Europe ​ 7,266 ​ 7,806 Totals ​ $ 69,755 ​ $ 58,240 ​ As of December 31, 2021, approximately 37% of the Company’s accounts receivable was due from foreign (principally European) clients and 19% of accounts receivable was due from one client. As of December 31, 2020, approximately 55% of the Company’s accounts receivable was due from foreign (principally European) clients and 36% of accounts receivable was due from three clients. No other client accounted for 10% or more of the accounts receivable as of December 31, 2021 and 2020.

Income (Loss) per Share

Income (Loss) per Share	12 Months Ended
	Dec. 31, 2021
Income (Loss) Per Share
Income (Loss) per Share	13. Income (Loss) per Share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended ​ ​ December 31, ​ 2021 2020 ​ ​ (in thousands) Net income (loss) attributable to Innodata Inc. and Subsidiaries ​ $ (1,673) $ 617 Weighted average common shares outstanding ​ 26,630 ​ 24,607 Dilutive effect of outstanding options ​ - ​ 966 Adjusted for dilutive computation ​ 26,630 ​ 25,573 ​ Basic income (loss) per share is computed using the weighted-average number of common shares outstanding during the year. Diluted income per share is computed by considering the impact of the potential issuance of common shares, using the treasury stock method, on the weighted average number of shares outstanding. For those securities that are not convertible into a class of common stock, the two-class method of computing loss per share is used. Options to purchase 5.5 million shares of common stock for the year ended December 31, 2021 were outstanding but not included in the computation of diluted loss per share because the effect would have been anti-dilutive. Options to purchase 1.6 million shares of common stock for the year ended December 31, 2020, were outstanding but not included in the computation of diluted income per share because the exercise price of the options were greater than the average market price of the common shares and therefore have not been considered as potential equity shares.

Derivatives

Derivatives	12 Months Ended
	Dec. 31, 2021
Derivatives
Derivatives.	14. Derivatives The Company conducts a large portion of its operations in international markets which subject it to foreign currency fluctuations. The most significant foreign currency exposures occur when revenue and associated accounts receivable are collected in one currency and expenses to generate that revenue are incurred in another currency. The Company is also subject to wage inflation and other government mandated increases and operating expenses in Asian countries where the Company has the majority of its operations. The Company’s primary inflation and exchange rate exposure relates to payroll, other payroll costs and operating expenses in the Philippines, India, Sri Lanka and Israel. In addition, although most of the Company’s revenue is denominated in U.S. dollars, a significant portion of total revenues is denominated in Canadian dollars, Pound Sterling and Euros. The Company’s policy is to enter derivative instrument contracts with terms that coincide with the underlying exposure being hedged for a period up to 12 months. As such, the Company’s derivative instruments are expected to be highly effective. For derivative instruments that are designated and qualify as cash flow hedges, the entire change in fair value of the hedging instrument is recorded to Other comprehensive income (loss). Upon settlement of these contracts, the change in the fair value recorded in Other comprehensive income (loss) are reclassified to earnings and included as part of Direct operating costs. For derivative instruments that are not designated as hedges, any change in fair value is recorded directly in earnings as part of Direct operating costs. The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk management objective and strategy for undertaking hedge transactions. The Company does not hold or issue derivatives for trading purposes. All derivatives are recognized at their fair value and classified based on the instrument’s maturity date. The total notional amount for outstanding derivatives designated as hedges was $19.7 million as of December 31, 2021. The following table presents the fair value of derivative instruments included within the consolidated balance sheets as of December 31, 2021 and 2020 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance Sheet Location Fair Value ​ ​ ​ ​ 2021 ​ 2020 Derivatives designated as hedging instruments: ​ ​ Foreign currency forward contracts ​ Accrued expenses ​ $ 353 ​ $ - Foreign currency forward contracts Prepaid expenses and other current assets ​ $ - ​ $ 48 ​ The effect of foreign currency forward contracts designated as cash flow hedges on the consolidated statements of operations for the years ended December 31, 2021 and 2020 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 Loss recognized in OCI (1) ​ $ (458) ​ $ (106) Loss reclassified from accumulated OCI into income (2) ​ $ (105) ​ $ (73) Gain recognized in income (3) ​ $ - ​ $ - (1) Net change in fair value of the effective portion classified into other comprehensive income (“OCI”). (2) Effective portion classified within direct operating costs. (3) There were no ineffective portions for the period presented. ​

Description of Business and S_2

Description of Business and Summary of Significant Accounting Estimates and Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Description of Business and Summary of Significant Accounting Estimates and Policies
Description of Business	Description of Business The Company provides AI-enabled software platforms and managed services to companies that require high-quality data for training AI and machine learning (ML) algorithms. The Company also provides AI digital transformation solutions and platforms to help companies apply AI/ML to real-world problems relating to analyzing and deriving insights from documents. For industry-specific, document-intensive industry business processes, the Company provides AI-augmented software-as-a-service (SaaS) platforms and discrete managed services. The Company’s platforms and services are powered by Goldengate, its proprietary AI/ML platform, as well as other technologies it has developed. In addition, the Company brings to bear more than 4,500 employees spanning eight countries with expertise in data pertaining to many professional fields. The Company’s hybrid approach of using AI/ML in conjunction with human experts enables the Company to deliver superior data quality with even the most complex and sensitive data. The Company developed its capabilities and honed its customer- and quality-centric culture progressively over the last 30 years creating high-quality data for many of the world’s most demanding information companies. Approximately six years ago, the Company formed Innodata Labs, a research and development center, to research, develop and apply machine learning and emerging AI to its large-scale, human-intensive data operations. In 2019, the Company began packaging the capabilities that emerged from its R&D efforts in order to align with several fast-growing new markets and help companies use AI/ML to drive performance benefits and business insights. The Company anticipates this strategy will enable it to accelerate growth. AI Data Annotation The Company trains AI algorithms for social media companies, robotics companies, financial services companies, and many others, working with images, text, video and audio. Data sciences teams seek partners that can perform data preparation functions for them at large-scale and at high quality, while using automated tools to minimize cost. Moreover, as AI projects become more specialized and mission-critical, data preparation is becoming increasingly complex, requiring deep domain knowledge and an infrastructure in which data security is assured. The Company utilizes a variety of leading third-party image and video annotation tools. For text, the Company uses its proprietary data annotation platform that incorporates AI to reduce cost while improving consistency and quality of output. The Company’s proprietary text annotation platform features auto-tagging capabilities that apply to both classical and generative AI tasks. It also encapsulates many of the innovations the Company has conceived of in the course of its 30-year history of creating high-quality data. AI Digital Transformation The Company also provides AI solutions and platforms to companies that intensively process textual data and seek to obtain the benefits of AI/ML technologies without having to develop AI/ML engineering capabilities in-house. For such companies, the Company often integrates one or more of its pre-trained text processing algorithms as a foundation for an overall solution. The Company’s algorithms are accessible as microservices via application programming interfaces (APIs), enabling easy integration. In conjunction with AI digital transformation, the Company often provides a range of data engineering support services, including data transformation, data curation, data hygiene, data consolidation, data compliance, and master data management. The Company’s customers span a diverse range of industries and a wide range of AI use cases, benefiting from the short time-to-value and high economic returns of the Company’s AI digital transformation solutions and platforms. Industry AI Platforms The Company’s industry platforms address specific, niche market requirements that the Company believes it can fulfill in large part with its AI/ML technologies. The Company deploys these industry platforms as software-as-a-service (SaaS) and as managed services. To date, the Company has built an industry platform for medical records data extraction and transformation (which the Company brands as “Synodex ® The Company’s Synodex industry platform transforms medical records into useable digital data organized in accordance with its proprietary data models or customer data models. The Company’s Agility industry platform provides marketing communications and public relations professionals with the ability to target and distribute content to journalists and social media influencers world-wide and to monitor and analyze global news (print, web, radio and TV) and social media.
Principles of Consolidation	Principles of Consolidation -
Use of Estimates	Use of Estimates
Revenue Recognition	Revenue Recognition For the Digital Data Solutions (DDS) segment, revenue is recognized primarily based on the quantity delivered or resources utilized in the period in which services are performed and performance conditions are satisfied as per the agreement. Revenues for agreements billed on a time-and-materials basis are recognized as services are performed. Revenues under fixed-fee agreements, which are not significant to overall revenues, are recognized based on the proportional performance method of accounting, as services are performed, or milestones are achieved. For the Synodex segment, revenue is recognized primarily based on the quantity delivered in the period in which services are performed and performance conditions are satisfied as per the agreement. A portion of the Synodex segment revenue is derived from licensing our functional software and providing access to the Company’s hosted software platform. Revenue from such services is recognized monthly when all parties to the agreement have agreed to the agreement; each party’s rights are identifiable; the payment terms are identifiable; the agreement has commercial substance; access to the service is provided to the end user; and collection is probable. The Agility segment derives its revenue primarily from subscription arrangements and provision of enriched media analysis services. It also derives revenue as a reseller of corporate communication solutions. Revenue from subscriptions is recognized monthly when access to the service is provided to the end user; all parties to the agreement have agreed to the agreement; each party’s rights are identifiable; the payment terms are identifiable; the agreement has commercial substance; and collection is probable. Revenue from enriched media analysis services is recognized when the services are performed, and performance conditions are satisfied. Revenues from the reseller agreements are recognized at the gross amount received for the goods in accordance with our functioning as a principal due to our meeting the following criteria: the Company acts as the primary obligor in the sales transaction; assumes the credit risk; sets the price; can select suppliers; and is involved in the execution of the services, including after sales service. Revenues include reimbursement of out-of-pocket expenses, with the corresponding out-of-pocket expenses included in direct operating costs. The Company considers U.S. GAAP criteria for determining whether to report gross revenue as a principal versus net revenue as an agent. The Company evaluates whether it is in control of the services before the same are transferred to the customer to assess whether it is principal or agent in the arrangement. Revenues are recognized on a gross basis if the Company is in the capacity of principal and on a net basis if it falls in the capacity of an agent. Contract acquisition costs, which are included in prepaid expenses and other current assets are amortized over the term of a subscription agreement or contract that normally has a duration of 12 months or less. The Company reviews these prepaid acquisition costs on a periodic basis to determine the need to adjust the carrying values for early terminated contracts.
Foreign Currency Translation	Foreign Currency Translation The functional currency for the Company’s subsidiaries in Germany, the United Kingdom and Canada are the Euro, the Pound Sterling and the Canadian dollar, respectively. The financial statements of these subsidiaries are prepared in these respective currencies. Financial information is translated from the applicable functional currency to the U.S. dollar (the reporting currency) for inclusion in the Company’s consolidated financial statements. Income, expenses and cash flows are translated at weighted average exchange rates prevailing during the fiscal period, and assets and liabilities are translated at fiscal period-end exchange rates. Resulting translation adjustments are included as a component of accumulated other comprehensive loss in stockholders’ equity. Foreign exchange transaction gains or losses are included in direct operating costs in the accompanying consolidated statements of operations and comprehensive income (loss).
Derivative Instruments	Derivative Instruments - For derivative instruments that are designated and qualify as cash flow hedges, entire change in fair value of the hedging instrument is recorded in Other comprehensive income (loss). When the amounts recorded in Other comprehensive income (loss) are reclassified to earnings, they are included
Cash Equivalents	Cash Equivalents -
Property and Equipment	Property and Equipment - two
Capitalized Developed Software	Capitalized Developed Software
Long-lived Assets	Long-lived Assets
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets – Goodwill represents the excess of the cost of an acquired entity over the fair value of the acquired net assets. The Company does not amortize goodwill but evaluates it for impairment at the reporting unit level annually during the third quarter of each fiscal year (as of September 30 of that year) or when an event occurs, or circumstances change, that indicates the carrying value may not be recoverable. The Company performed its annual goodwill assessment for the Agility segment as of September 30, 2021. In performing the assessment, the Company adhered to the provisions of ASU 2017-04 by using a single step approach that determines the carrying value of goodwill and comparing it against the excess of the reporting unit’s fair value. Based on the Company’s assessment, the Company reached the conclusion that there was no goodwill impairment because the fair value of the Agility segment’s goodwill exceeded its carrying value.
Income Taxes	Income Taxes In assessing the realization of deferred tax assets, management considered whether it is more likely than not that all or some portion of the U.S. and Canadian deferred tax assets will not be realizable. As the expectation of future taxable income resulting from the Synodex and Agility segments cannot be predicted with certainty, the Company maintains a valuation allowance against all the U.S. and Canadian net deferred tax assets. The Company accounts for income taxes regarding uncertain tax positions, and recognizes interest and penalties related to uncertain tax positions in income tax expense in the consolidated statements of operations and comprehensive loss.
Accounting for Leases	Accounting for Leases - The determination of whether an arrangement is, or contains, a lease is based on the substance of the arrangement at the inception date and requires an assessment of whether the fulfillment of the arrangement is dependent on the use of a specific asset or assets or the arrangement conveys a right to use the asset. A reassessment is made after inception of the lease only if one of the following applies: a. there is a change in contractual terms, other than a renewal or extension of the arrangement; b. a renewal option is exercised, or extension granted, unless the term of the renewal or extension was initially included in the lease term; c. there is a change in the determination of whether fulfillment is dependent on a specified asset; or d. there is a substantial change to the asset. Whenever a reassessment is made, lease accounting shall commence or cease from the date when the change in circumstances gave rise to the reassessment for scenarios (a), (c) or (d) and at the date of renewal or extension period for scenario (b). Leases where the lessor retains substantially all the risks and rewards of ownership are classified as operating leases. As of December 31, 2021, all of the Company’s leases are classified under operating leases. Operating lease payments are recognized as an operating expense on a straight-line basis over the lease term.
Accounting for Stock-Based Compensation	Accounting for Stock-Based Compensation - The stock-based compensation expense related to the Company’s stock plans were allocated as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Direct operating costs ​ $ 178 ​ $ 158 Selling and adminstrative expenses ​ 1,572 ​ 755 Total stock-based compensation ​ $ 1,750 ​ $ 913 ​
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value measurements and disclosures define fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The accounting standard establishes a fair value hierarchy that prioritizes the inputs used to measure fair value into three levels. The three levels are defined as follows: ● Level 1 : Unadjusted quoted price in active market for identical assets and liabilities. ● Level 2: Inputs other than those included in Level 1 that are observable for the asset or liability, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ● Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. The Company’s forward contracts are at level 2 in the fair value hierarchy.
Accounts Receivable	Accounts Receivable
Concentration of Credit Risk	Concentration of Credit Risk
Income (Loss) per Share	Income (Loss) per Share
Pension	Pension -
Deferred Revenue	Deferred Revenue
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Statements” (“ASU 2016-13”). ASU 2016-13 requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation amount that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. In November 2018, the FASB issued ASU No. 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses,” which clarifies ASC Topic 326, “Financial Instruments – Credit Losses” and corrects unintended application of the guidance, and in November 2019, the FASB issued ASU No. 2019-11, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses,” which clarifies or addresses specific issues about certain aspects of ASU 2016-13. In March 2020, the FASB issued ASU No. 2020-03, “Codification Improvements to Financial Instruments,” which modifies the measurement of expected credit losses of certain financial instruments. ASU 2016-13 is effective for certain smaller reporting companies for financial statements issued for fiscal years beginning after December 15, 2022 and interim periods within those fiscal years, which will be fiscal 2023 for the Company if it continues to be classified as a smaller reporting company, with early adoption permitted. The Company does not expect that the adoption of the new guidance will have a material impact on the Company’s condensed consolidated financial statements.

Description of Business and S_3

Description of Business and Summary of Significant Accounting Estimates and Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Description of Business and Summary of Significant Accounting Estimates and Policies
Schedule of Stock-Based Compensation Expense	The stock-based compensation expense related to the Company’s stock plans were allocated as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Direct operating costs ​ $ 178 ​ $ 158 Selling and adminstrative expenses ​ 1,572 ​ 755 Total stock-based compensation ​ $ 1,750 ​ $ 913

Property and equipment (Tables)

Property and equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property and equipment
Schedule of property and equipment, which include amounts recorded under capital leases	Property and equipment, which include amounts recorded under capital leases, are stated at cost less accumulated depreciation and amortization (in thousands), and consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Equipment ​ $ 12,834 ​ $ 11,199 Computer software ​ 4,399 ​ 5,186 Furniture and equipment ​ 1,397 ​ 1,437 Leasehold improvements ​ 3,287 ​ 3,267 Total ​ 21,917 ​ 21,089 Less: accumulated depreciation and amortization ​ (18,970) ​ (19,237) ​ ​ $ 2,947 ​ $ 1,852

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets
Schedule of Carrying Amount of Goodwill	The changes in the carrying amount of goodwill for the year ended December 31, 2021 was as follows (in thousands): ​ ​ ​ ​ ​ Balance as of January 1, 2021 $ 2,150 Foreign currency translation adjustment ​ (7) Balance as of December 31, 2021 ​ $ 2,143
Schedule of company's acquisition-related intangible assets	Information regarding the Company acquired intangible assets and capitalized developed software was as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company Acquired Intangible Assets ​ Capitalized Developed Software ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capitalized ​ ​ ​ ​ ​ ​ ​ ​ Trademarks ​ ​ Media ​ Capitalized ​ Developed ​ ​ ​ ​ Developed ​ Customer ​ and ​ ​ ​ ​ Contact ​ Developed ​ Software - in ​ ​ ​ ​ technology relationships trade names Patents Database Software Progress Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross carrying amounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of January 1, 2021 ​ $ 3,175 ​ $ 2,228 ​ $ 882 ​ $ 45 ​ $ 3,670 ​ $ 5,507 ​ $ 1,360 ​ $ 16,867 Additions ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 376 ​ ​ 2,005 ​ ​ 2,381 Transfers ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 2,752 ​ ​ (2,752) ​ ​ - Foreign currency translation adjustment ​ (6) ​ - ​ (2) ​ - ​ (22) ​ (59) ​ 22 ​ (67) Balance as of December 31, 2021 ​ $ 3,169 ​ $ 2,228 ​ $ 880 ​ $ 45 ​ $ 3,648 ​ $ 8,576 ​ $ 635 ​ $ 19,181 Accumulated amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of January 1, 2021 ​ $ 1,844 ​ $ 1,192 ​ $ 629 ​ $ 29 ​ $ 1,650 ​ $ 1,492 ​ $ - ​ $ 6,836 Amortization expense ​ ​ 315 ​ ​ 187 ​ ​ 56 ​ ​ 5 ​ ​ 354 ​ ​ 1,089 ​ ​ - ​ ​ 2,006 Foreign currency translation adjustment ​ ​ (1) ​ ​ (2) ​ ​ - ​ ​ - ​ ​ 1 ​ ​ (6) ​ ​ - ​ ​ (8) Balance as of December 31, 2021 ​ $ 2,158 ​ $ 1,377 ​ $ 685 ​ $ 34 ​ $ 2,005 ​ $ 2,575 ​ $ - ​ $ 8,834 Net carrying amounts - December 31, 2021 ​ $ 1,011 ​ $ 851 ​ $ 195 ​ $ 11 ​ $ 1,643 ​ $ 6,001 ​ $ 635 ​ $ 10,347 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capitalized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks ​ ​ ​ ​ Media ​ Capitalized ​ Developed ​ ​ ​ ​ ​ Developed ​ Customer ​ and ​ ​ ​ ​ Contact ​ Developed ​ Software - in ​ ​ ​ ​ technology relationships tradenames Patents Database Software Progress Total Gross carrying amounts: ​ ​ ​ ​ ​ ​ ​ ​ Balance as of January 1, 2020 ​ $ 3,108 ​ $ 2,177 ​ $ 871 ​ $ 43 ​ $ 3,606 ​ $ 2,962 ​ $ 2,530 ​ $ 15,297 Additions ​ - ​ ​ - ​ ​ - ​ - ​ - ​ - ​ 1,247 ​ 1,247 Transfers ​ - ​ ​ - ​ ​ - ​ - ​ - ​ 2,538 ​ (2,538) ​ - Foreign currency translation adjustment ​ 67 ​ 51 ​ 11 ​ 2 ​ 64 ​ 7 ​ 121 ​ 323 Balance as of December 31, 2020 ​ $ 3,175 ​ $ 2,228 ​ $ 882 ​ $ 45 ​ $ 3,670 ​ $ 5,507 ​ $ 1,360 ​ $ 16,867 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated amortization: ​ ​ ​ ​ ​ ​ ​ ​ Balance as of January 1, 2020 ​ $ 1,493 ​ $ 983 ​ $ 567 ​ $ 24 ​ $ 1,261 ​ $ 1,040 ​ $ - ​ $ 5,368 Amortization expense ​ 308 ​ 179 ​ 55 ​ 4 ​ 361 ​ 469 ​ - ​ 1,376 Foreign currency translation adjustment ​ 43 ​ 30 ​ 7 ​ 1 ​ 28 ​ (17) ​ - ​ 92 Balance as of December 31, 2020 ​ $ 1,844 ​ $ 1,192 ​ $ 629 ​ $ 29 ​ $ 1,650 ​ $ 1,492 ​ $ - ​ $ 6,836 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net carrying values - December 31, 2020 ​ $ 1,331 ​ $ 1,036 ​ $ 253 ​ $ 16 ​ $ 2,020 ​ $ 4,015 ​ $ 1,360 ​ $ 10,031 ​
Schedule of estimated amortization expense for intangible assets	Estimated annual amortization expense for intangible assets subsequent to December 31, 2021 is as follows (in thousands): ​ ​ ​ ​ ​ Year Amortization ​ ​ ​ ​ 2022 ​ $ 2,486 2023 ​ 2,196 2024 ​ ​ 1,798 2025 ​ 1,211 2026 ​ 802 Thereafter ​ 1,854 ​ ​ $ 10,347

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Taxes
Schedule of components of the provision for income taxes	The significant components of the provision for income taxes for the years ended December 31, 2021 and 2020 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 Current income tax expense (benefit): ​ ​ Foreign ​ $ 728 ​ $ 1,065 Federal ​ 5 ​ 15 State and local ​ 21 ​ (61) ​ ​ 754 ​ 1,019 Deferred income tax expense (benefit): ​ ​ Foreign ​ 126 ​ (628) Federal ​ (38) ​ 10 State and local ​ - ​ - ​ ​ 88 ​ (618) Provision for income taxes ​ $ 842 ​ $ 401
Schedule of Effective Income Tax Rate Reconciliation	The reconciliation of the U.S. statutory rate with the Company’s effective tax rate for the years ended December 31, 2021 and 2020 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 Federal income tax expense (benefit) at statutory rate (21.0) % 21.0 % Effect of: ​ ​ Change in valuation allowance 186.1 137.7 ​ Effect of Section 162 (m) 29.9 - ​ Change in rates ​ 12.2 ​ (172.7) ​ Foreign operations permanent differences - foreign exchange gains and losses 9.5 (1.3) ​ State income tax net of federal benefit 1.9 (4.3) ​ Withholding tax - 1.5 ​ Deemed interest ​ (1.4) ​ (2.1) ​ Return to provision true up (2.3) (10.8) ​ Tax effects of foreign operations 2.0 57.7 ​ Increase in unrecognized tax benefits (ASC 740) ​ (22.8) ​ 31.5 ​ Foreign rate differential (31.8) (8.6) ​ Effect of stock-based compensation ​ (72.1) ​ (10.9) ​ Other ​ (2.8) ​ (0.3) ​ Effective tax rate 87.4 % 38.4 %
Schedule of deferred tax assets and liabilities	Deferred tax assets and liabilities are classified as non-current. Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2021 and 2020 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 Deferred income tax assets: ​ ​ Allowances not currently deductible ​ $ 183 ​ $ 192 Depreciation and amortization ​ 308 ​ 334 Equity compensation not currently deductible ​ 831 ​ 778 Net operating loss carryforwards ​ 7,741 ​ 6,751 Expenses not deductible until paid ​ 1,829 ​ 1,691 Other ​ 153 ​ 358 Total gross deferred income tax assets before valuation allowance ​ 11,045 ​ 10,104 Valuation allowance ​ (9,095) ​ (7,917) Deferred income tax assets, net ​ ​ 1,950 ​ ​ 2,187 ​ ​ ​ ​ ​ ​ ​ Deferred income tax liabilities: ​ ​ Other ​ (15) ​ (44) Total deferred income tax liabilities ​ (15) ​ (44) ​ ​ ​ ​ ​ ​ ​ Net deferred income tax assets ​ $ 1,935 ​ $ 2,143 ​ ​ ​ ​ ​ ​ ​ Net deferred income tax assets ​ $ 1,950 ​ $ 2,187 Net deferred income tax liability ​ (15) ​ (44) ​ ​ ​ ​ ​ ​ ​ Net deferred income tax assets ​ $ 1,935 ​ $ 2,143
Schedule of United States and foreign components of income (loss) before provision for income taxes	United States and foreign components of income (loss) before provision for income taxes for each of the two years ended December 31, were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 United States ​ $ (261) ​ $ 930 Foreign ​ (702) ​ 115 Totals ​ $ (963) ​ $ 1,045
Schedule Of unrecognized Tax Benefits	The following table represents a roll forward of the Company’s unrecognized tax benefits and associated interest for the years ended in thousands: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrecognized Tax ​ ​ Benefits ​ ​ December 31, ​ 2021 2020 Balance at January 1 ​ $ 3,231 ​ $ 2,957 Decrease (increase) for prior year tax positions ​ (1,713) ​ 308 Increase (decrease) for current year tax positions ​ 156 ​ (161) Interest accrual ​ 111 ​ 199 Foreign currency remeasurement ​ (32) ​ (72) Balance at December 31 ​ $ 1,753 ​ $ 3,231

Long-term obligations (Tables)

Long-term obligations (Tables)	12 Months Ended
	Dec. 31, 2021
Long-term obligations
Schedule of Total Long-Term Obligations	Total long-term obligations as of December 31, 2021 and 2020 consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Pension obligations - accrued pension liability ​ $ 6,839 ​ $ 5,940 Settlement agreement ​ ​ 272 ​ ​ 518 Capital lease obligations ​ ​ - ​ 209 Microsoft licenses ​ 385 ​ 747 Bank loans payable ​ - ​ 580 ​ ​ ​ 7,496 ​ 7,994 Less: Current portion of long-term obligations ​ 1,279 ​ 1,712 Totals ​ $ 6,217 ​ $ 6,282

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Operating Leases
Schedule of Operating Lease Expense Recognized in Financial Statements	​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ December 31, 2021 December 31, 2020 ​ ​ ​ ​ ​ ​ ​ Rent expense for long-term operating leases ​ $ 1,560 ​ $ 1,667 Rent expense for short-term leases ​ 229 ​ 619 Total rent expense ​ $ 1,789 ​ $ 2,286
Schedule of Net Present Value of Operating Lease Liability	​ ​ ​ ​ ​ Year ​ Amount ​ ​ ​ ​ 2022 ​ $ 1,510 2023 ​ 1,256 2024 ​ 1,028 2025 ​ 1,043 2026 ​ ​ 1,068 2027 and thereafter ​ 2,423 Total lease payments ​ 8,328 Less: Interest ​ (2,018) Net present value of lease liabilities ​ $ 6,310 ​ ​ ​ ​ Current portion ​ $ 1,034 Long-term portion ​ 5,276 Total ​ $ 6,310
Schedule of Weighted Average Remaining Lease Terms and Discount Rates	​ ​ ​ ​ ​ Weighted-average lease term remaining 53 months ​ Weighted-average discount rate 8.68% ​

Pension Benefits (Tables)

Pension Benefits (Tables)	12 Months Ended
	Dec. 31, 2021
Pension Benefits
Schedule of status of the non-U.S. pension benefits pertaining to benefit obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Projected benefit obligation at beginning of the year ​ $ 5,940 ​ $ 4,611 Service cost ​ 572 ​ 492 Interest cost ​ 247 ​ 249 Actuarial loss (gain) ​ 559 ​ 505 Foreign currency exchange rates changes ​ (359) ​ 168 Benefits paid ​ (120) ​ (85) Projected benefit obligation at end of the year ​ $ 6,839 ​ $ 5,940
Schedule of status of the non-U.S. pension benefits pertaining to components of Net periodic pension cost	​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 572 ​ $ 492 Interest cost ​ 247 ​ 249 Actuarial gain (loss) recognized ​ 47 ​ 50 Net periodic pension cost ​ $ 866 ​ $ 791
Schedule of accumulated benefit obligation	​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ Current accrued benefit cost ​ $ 677 $ 332 Non-current accrued benefit cost ​ 6,162 5,608 Total amount recognized ​ $ 6,839 $ 5,940
Schedule of actuarial assumptions for all non-U.S. plans	​ ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ ​ ​ Discount rate 2.1%-12.03% 3.57%‑8.06% Rate of increase in compensation level 7%-10% 5%‑7%
Schedule of estimated future benefit payments	As of December 31, 2021, the following benefit payments, which reflect expected future service, as appropriate, were expected to be paid (in thousands): ​ ​ ​ ​ ​ Years Ending December 31, ​ Amount ​ ​ ​ ​ 2022 ​ $ 682 2023 ​ 256 2024 ​ 158 2025 ​ ​ 422 2027 ​ ​ 290 2030 to 2031 ​ 4,737 ​ ​ $ 6,545

Stock Options (Tables)

Stock Options (Tables)	12 Months Ended
	Dec. 31, 2021
Stock Options
Schedule of Stock Option Activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ ​ ​ ​ ​ Weighted -Average ​ Remaining ​ ​ ​ ​ ​ Number of ​ Exercise ​ Contractual Term ​ Aggregate ​ ​ Options ​ Price ​ (years) ​ Intrinsic Value Outstanding at January 1, 2020 6,828,303 ​ $ 1.86 ​ Granted 1,080,000 ​ 1.37 ​ Exercised (1,357,116) ​ 1.97 ​ Forfeited/Expired (644,303) ​ 3.06 ​ Outstanding at December 31, 2020 ​ 5,906,884 ​ $ 1.61 ​ 6.86 ​ $ 89,405 Granted ​ 1,226,300 ​ ​ 6.84 ​ ​ ​ ​ ​ Exercised ​ (1,556,288) ​ ​ 2.01 ​ ​ ​ ​ ​ Forfeited/Expired ​ (40,000) ​ ​ 1.41 ​ ​ ​ ​ ​ Outstanding at December 31, 2021 5,536,896 ​ $ 2.66 7.52 ​ $ 19,154,463 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at December 31, 2021 3,266,872 ​ $ 1.68 6.69 ​ $ 13,943,444 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and Expected to Vest at December 31, 2021 5,536,896 ​ $ 2.66 7.52 ​ $ 19,154,463
Schedule of weighted average assumptions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ Weighted average fair value of options granted $ 3.73 $ 0.61 ​ Risk-free interest rate ​ 0.22% - 0.82 % 0.29%-0.56 % Expected life (years) ​ 3-6 ​ 5-6 ​ Expected volatility factor ​ 58% - 68 % 46.75%-50.09 % Expected dividends ​ None ​ None ​
Summary of restricted shares under the Company's Plan	​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ ​ ​ Grant Date Fair ​ ​ Number of Shares ​ Value ​ ​ ​ ​ ​ ​ Outstanding January 1, 2020 ​ 75,000 ​ $ 1.38 Granted ​ - ​ ​ ​ Vested ​ (25,000) ​ ​ ​ Unvested at December 31, 2020 ​ 50,000 ​ ​ ​ Granted ​ - ​ ​ ​ Vested (25,000) ​ ​ Forfeited/Expired - ​ ​ Unvested at December 31, 2021 25,000 ​ $ 1.38

Comprehensive loss (Tables)

Comprehensive loss (Tables)	12 Months Ended
	Dec. 31, 2021
Comprehensive loss
Schedule of Accumulated Other Comprehensive Loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Currency Accumulated Other ​ ​ Pension Liability ​ Fair Value of ​ Translation ​ Comprehensive ​ ​ Adjustment ​ Derivatives ​ Adjustment ​ Loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2021 ​ $ (444) ​ ​ - ​ $ (494) ​ $ (938) Other comprehensive income (loss) before reclassifications, net of taxes ​ (457) ​ (458) ​ (487) ​ (1,402) Total other comprehensive loss before reclassifications, net of taxes ​ (901) ​ (458) ​ (981) ​ (2,340) Net amount reclassified to earnings ​ 43 ​ 105 ​ - ​ 148 Balance at December 31, 2021 ​ $ (858) ​ $ (353) ​ $ (981) ​ $ (2,192) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Currency Accumulated Other ​ ​ Pension Liability ​ Fair Value of ​ Translation ​ Comprehensive ​ ​ Adjustment ​ Derivatives ​ Adjustment ​ Loss ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2020 ​ $ (53) ​ $ 33 ​ $ (900) ​ $ (920) Other comprehensive income (loss) before reclassifications, net of taxes ​ - ​ (106) ​ 406 ​ 300 Total other comprehensive loss before reclassifications, net of taxes ​ (53) ​ (73) ​ (494) ​ (620) Net amount reclassified to earnings ​ (391) ​ 73 ​ - ​ (318) Balance at December 31, 2020 ​ $ (444) ​ $ - ​ $ (494) ​ $ (938)

Segment reporting and concent_2

Segment reporting and concentrations (Tables)	12 Months Ended
	Dec. 31, 2021
Segment reporting and concentrations.
Schedule of Segment Reporting Information, by Segment	Revenues from external clients, segment operating profit (loss), and other reportable segment information are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For The Years Ended December 31, ​ 2021 2020 Revenues: ​ ​ DDS ​ $ 52,569 ​ $ 41,983 Synodex ​ 4,163 ​ 4,828 Agility ​ 13,023 ​ 11,429 Total Consolidated ​ $ 69,755 ​ $ 58,240 Income (loss) before provision for income taxes (1) ​ ​ DDS ​ $ 6,311 ​ $ 1,260 Synodex ​ (1,797) ​ 357 Agility ​ (5,477) ​ (572) Total Consolidated ​ $ (963) ​ $ 1,045 Income (loss) before provision for income taxes (2) ​ ​ DDS ​ $ 5,932 ​ $ 980 Synodex ​ (1,525) ​ 536 Agility ​ (5,370) ​ (471) Total Consolidated ​ $ (963) ​ $ 1,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2020 Total assets: ​ ​ DDS ​ $ 40,100 ​ $ 37,095 Synodex ​ 1,753 ​ 825 Agility ​ 17,364 ​ 19,334 Total Consolidated ​ $ 59,217 ​ $ 57,254 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2020 Goodwill: ​ ​ Agility ​ $ 2,143 ​ $ 2,150 Total ​ $ 2,143 ​ $ 2,150 (1) Before elimination of any inter-segment profits (2) After elimination of any inter-segment profits
Schedule of Revenue from External Customers and Long-Lived Assets	Long-lived assets as of December 31, 2021 and 2020 by geographic region were comprised of (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 United States ​ $ 4,578 ​ $ 4,045 Foreign countries: ​ ​ Canada ​ 9,280 ​ 9,044 United Kingdom ​ 1,538 ​ 1,759 Philippines ​ 4,027 ​ 4,545 India ​ 1,481 ​ 930 Sri Lanka ​ 154 ​ 319 Israel ​ - ​ 1 Total foreign ​ 16,480 ​ 16,598 Totals ​ $ 21,058 ​ $ 20,643
Schedule of Revenue from External Customers based on Client domicile	Revenues for each of the two years in the period ended December 31, 2021 and 2020 by geographic region (determined based upon client’s domicile), were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 United States ​ $ 38,164 ​ $ 26,764 United Kingdom ​ 11,588 ​ 11,184 The Netherlands ​ 6,547 ​ 6,695 Canada ​ 6,190 ​ 5,791 Others - principally Europe ​ 7,266 ​ 7,806 Totals ​ $ 69,755 ​ $ 58,240 ​

Income (Loss) Per Share (Tables

Income (Loss) Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Income (Loss) Per Share
Schedule of Earnings Per Share, Basic and Diluted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended ​ ​ December 31, ​ 2021 2020 ​ ​ (in thousands) Net income (loss) attributable to Innodata Inc. and Subsidiaries ​ $ (1,673) $ 617 Weighted average common shares outstanding ​ 26,630 ​ 24,607 Dilutive effect of outstanding options ​ - ​ 966 Adjusted for dilutive computation ​ 26,630 ​ 25,573

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Dec. 31, 2021
Derivatives
Schedule of fair value of derivative instruments	The following table presents the fair value of derivative instruments included within the consolidated balance sheets as of December 31, 2021 and 2020 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance Sheet Location Fair Value ​ ​ ​ ​ 2021 ​ 2020 Derivatives designated as hedging instruments: ​ ​ Foreign currency forward contracts ​ Accrued expenses ​ $ 353 ​ $ - Foreign currency forward contracts Prepaid expenses and other current assets ​ $ - ​ $ 48
Schedule of effects of foreign currency forward contracts designated as cash flow hedges	The effect of foreign currency forward contracts designated as cash flow hedges on the consolidated statements of operations for the years ended December 31, 2021 and 2020 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 Loss recognized in OCI (1) ​ $ (458) ​ $ (106) Loss reclassified from accumulated OCI into income (2) ​ $ (105) ​ $ (73) Gain recognized in income (3) ​ $ - ​ $ -

Description of Business and S_4

Description of Business and Summary of Significant Accounting Estimates and Policies - Stock-based compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Description of Business and Summary of Significant Accounting Estimates and Policies
Direct operating costs	$ 178	$ 158
Selling and administrative expenses	1,572	755
Total stock-based compensation	$ 1,750	$ 913

Description of Business and S_5

Description of Business and Summary of Significant Accounting Estimates and Policies - Consolidated Balance Sheet - (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Consolidated Balance Sheet
Prepaid expenses and other current assets (1)	$ 3,681	$ 4,240
Total current assets	33,962	31,861
Total assets	59,217	57,254
Accrued expenses (2)	7,564	3,490
Income and other taxes (3)	3,213	5,000
Total current liabilities	21,304	18,346
Non-controlling interests (4)	(3,522)	(3,390)
Retained earnings, December 31, 2018 (5)	3,160	4,833
Total stockholders' equity	29,927	29,640
Total liabilities and stockholders' equity	59,217	57,254
Consolidated Statement of Equity
Total stockholders' equity	29,927	29,640
Consolidated Statement of Operations and Comprehensive Loss
Direct operating costs	43,494	38,398
Net income (loss)	(1,805)	644
Net income attributable to Innodata Inc. and Subsidiaries	(1,673)	617	$ 617
Total comprehensive loss	(3,059)	626
Reconciliation Of Effects Of Restatement To Amounts In Previously Reported Consolidated Statement Of Cash Flows [Abstract]
Net income (loss)	(1,805)	644
Prepaid expenses and other current assets	487	(555)
Retained Earnings
Consolidated Balance Sheet
Total stockholders' equity	3,160	4,833
Consolidated Statement of Equity
Total stockholders' equity	3,160	$ 4,833
Consolidated Statement of Operations and Comprehensive Loss
Net income attributable to Innodata Inc. and Subsidiaries	$ (1,673)		617
As previously reported
Consolidated Balance Sheet
Total stockholders' equity			25,532
Consolidated Statement of Equity
Total stockholders' equity			25,532
As previously reported | Retained Earnings
Consolidated Balance Sheet
Total stockholders' equity			4,216
Consolidated Statement of Equity
Total stockholders' equity			$ 4,216

Description of Business and S_6

Description of Business and Summary of Significant Accounting Estimates and Policies - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Description of Business and Summary of Significant Accounting Policies [Line Items]
Amortization period	12 months
Foreign Currency Transaction Gain (Loss), before Tax	$ (533,000)	$ 108,000
Outstanding foreign currency forward contracts	19,700,000	6,900,000
Cost	21,917,000	21,089,000
Deferred Revenue	4,500,000	1,200,000
Cash and Cash Equivalents, at Carrying Value, Total	18,902,000	17,573,000
Computer software
Description of Business and Summary of Significant Accounting Policies [Line Items]
Cost	8,600,000	5,500,000
Capitalized software development cost - work in progress
Description of Business and Summary of Significant Accounting Policies [Line Items]
Cost	$ 600,000	$ 1,400,000
Minimum
Description of Business and Summary of Significant Accounting Policies [Line Items]
Property and equipment useful lives	2 years
Minimum | Computer software
Description of Business and Summary of Significant Accounting Policies [Line Items]
Estimated useful lives	three
Maximum
Description of Business and Summary of Significant Accounting Policies [Line Items]
Property and equipment useful lives	10 years
Maximum | Capitalized software development cost - work in progress
Description of Business and Summary of Significant Accounting Policies [Line Items]
Estimated useful lives	P10Y
US
Description of Business and Summary of Significant Accounting Policies [Line Items]
Cash and Cash Equivalents, at Carrying Value, Total	$ 6,300,000
Asia
Description of Business and Summary of Significant Accounting Policies [Line Items]
Cash and Cash Equivalents, at Carrying Value, Total	$ 12,600,000

Property and equipment - Schedu

Property and equipment - Schedule of property and equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Total	$ 21,917	$ 21,089
Less: accumulated depreciation and amortization	(18,970)	(19,237)
Net Total	2,947	1,852
Equipment
Property, Plant and Equipment [Line Items]
Total	12,834	11,199
Computer software
Property, Plant and Equipment [Line Items]
Total	8,600	5,500
Capitalized software development cost - work in progress
Property, Plant and Equipment [Line Items]
Total	600	1,400
Furniture and equipment
Property, Plant and Equipment [Line Items]
Total	1,397	1,437
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Total	3,287	3,267
Developed software
Property, Plant and Equipment [Line Items]
Total	$ 4,399	$ 5,186

Property and equipment - Additi

Property and equipment - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 2,869	$ 2,266
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 900	$ 900
Property, Plant and Equipment [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	P2Y
Property, Plant and Equipment [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	P10Y
Computer software | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	three

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Carrying Amount of Goodwill (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Goodwill and Intangible Assets
Balance	$ 2,150
Foreign currency translation	(7)
Balance	$ 2,143

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Acquisition-Related Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended		24 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021
Gross carrying amounts:
Balance	$ 16,867	$ 15,297	$ 15,297
Additions	2,381	1,247
Foreign currency translation	(67)	323
Balance	19,181	16,867	19,181
Accumulated amortization:
Balance	6,836	5,368	5,368
Amortization expense	2,006	1,376
Foreign currency translation	(8)	92
Net carrying values	10,347	10,031	10,347
Accumulated amortization	8,834	6,836	8,834
Balance	8,834	6,836	8,834
Goodwill	2,143	2,150	2,143
Developed technology [Member]
Gross carrying amounts:
Balance	3,175	3,108	3,108
Foreign currency translation	(6)	67
Balance	3,169	3,175	3,169
Accumulated amortization:
Balance	1,844	1,493	1,493
Amortization expense	315	308
Foreign currency translation	(1)	43
Net carrying values	1,011	1,331	1,011
Accumulated amortization	2,158	1,844	2,158
Balance	2,158	1,844	2,158
Customer relationships [Member]
Gross carrying amounts:
Balance	2,228	2,177	2,177
Foreign currency translation		51
Balance	2,228	2,228	2,228
Accumulated amortization:
Balance	1,192	983	983
Amortization expense	187	179
Foreign currency translation	(2)	30
Net carrying values	851	1,036	851
Accumulated amortization	1,377	1,192	1,377
Balance	1,377	1,192	1,377
Trademarks and trade names [Member]
Gross carrying amounts:
Balance	882	871	871
Foreign currency translation	(2)	11
Balance	880	882	880
Accumulated amortization:
Balance	629	567	567
Amortization expense	56	55
Foreign currency translation		7
Net carrying values	195	253	195
Accumulated amortization	685	629	685
Balance	685	629	685
Patents [Member]
Gross carrying amounts:
Balance	45	43	43
Foreign currency translation		2
Balance	45	45	45
Accumulated amortization:
Balance	29	24	24
Amortization expense	5	4
Foreign currency translation		1
Net carrying values	11	16	11
Accumulated amortization	34	29	34
Balance	34	29	34
Media Contact Database [Member]
Gross carrying amounts:
Balance	3,670	3,606	3,606
Foreign currency translation	(22)	64
Balance	3,648	3,670	3,648
Accumulated amortization:
Balance	1,650	1,261	1,261
Amortization expense	354	361
Foreign currency translation	1	28
Net carrying values	1,643	2,020	1,643
Accumulated amortization	2,005	1,650	2,005
Balance	2,005	1,650	2,005
Developed software
Accumulated amortization:
Balance	5,400
Amortization expense	1,100	500
Accumulated amortization		5,400
Balance		5,400
Capitalized Software Development Cost
Gross carrying amounts:
Balance	5,507	2,962	2,962
Additions	376
Transfers	2,752	2,538
Foreign currency translation	(59)	7
Balance	8,576	5,507	8,576
Accumulated amortization:
Balance	1,492	1,040	1,040
Amortization expense	1,089	469
Foreign currency translation	(6)	(17)
Net carrying values	6,001	4,015	6,001
Accumulated amortization	2,575	1,492	2,575
Balance	2,575	1,492	2,575
Capitalized Software Development Cost - Work in Progress
Gross carrying amounts:
Balance	1,360	2,530	2,530
Additions	2,005	1,247
Transfers	(2,752)	(2,538)
Foreign currency translation	22	121
Balance	635	1,360	635
Accumulated amortization:
Net carrying values	$ 635	$ 1,360	$ 635

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Estimated Amortization Expense (Details) $ in Thousands	Dec. 31, 2021USD ($)
Goodwill and Intangible Assets
2022	$ 2,486
2023	2,196
2024	1,798
2025	1,211
2026	802
Thereafter	1,854
Finite-Lived Intangible Assets, Net	$ 10,347

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended		24 Months Ended
	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021
Goodwill and Intangible Assets
Impairment of intangible assets finite lived	$ 0
Amortization expense		$ 2,006	$ 1,376
Intangible Assets, Amortization Period [Member]
Goodwill and Intangible Assets
Amortization expense				$ 900

Income Taxes - Components of pr

Income Taxes - Components of provision for income taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current income tax expense:
Foreign	$ 728	$ 1,065
Federal	5	15
State and local	21	(61)
Current income tax expense (benefit)	754	1,019
Deferred income tax expense (benefit):
Foreign	126	(628)
Federal	(38)	10
Deferred income tax expense (benefit)	88	(618)
Provision for income taxes	$ 842	$ 401

Income Taxes - Tax Rate Reconci

Income Taxes - Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Taxes
Federal income tax expense (benefit) at statutory rate	(21.00%)	21.00%
Effect of:
Change in valuation allowance	186.10%	137.70%
Effect of Section 162 (m)	29.90%
Change in tax rates	12.20%	(172.70%)
Foreign operations permanent difference - foreign exchange gains and losses	9.50%	(1.30%)
State income tax net of federal benefit	1.90%	(4.30%)
Withholding tax		1.50%
Deemed interest	(1.40%)	(2.10%)
Return to provision true up	(2.30%)	(10.80%)
Tax effects of foreign operations	2.00%	57.70%
Increase in unrecognized tax benefits (ASC 740)	(22.80%)	31.50%
Foreign rate differential	(31.80%)	(8.60%)
Effect of stock-based compensation	(72.10%)	(10.90%)
Other	(2.80%)	(0.30%)
Effective tax rate	87.40%	38.40%

Income Taxes - Deferred tax ass

Income Taxes - Deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred income tax assets:
Allowances not currently deductible	$ 183	$ 192
Depreciation and amortization	308	334
Equity compensation not currently deductible	831	778
Net operating loss carryforwards	7,741	6,751
Expenses not deductible until paid	1,829	1,691
Other	153	358
Total gross deferred income tax assets before valuation allowance	11,045	10,104
Valuation allowance	(9,095)	(7,917)
Deferred income tax assets, net	1,950	2,187
Deferred income tax liabilities:
Other	(15)	(44)
Total deferred income tax liabilities	(15)	(44)
Net deferred income tax assets	1,935	2,143
Net deferred income tax assets	1,950	2,187
Net deferred income tax liability	(15)	(44)
Net deferred income tax assets	$ 1,935	$ 2,143

Income Taxes - United States an

Income Taxes - United States and foreign components of income (loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Taxes
United States	$ (261)	$ 930
Foreign	(702)	115
Totals	$ (963)	$ 1,045

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Taxes
Balance - January 1, 2021	$ 3,231	$ 2,957
Decrease (increase) for prior year tax positions	1,713	308
Increase (decrease) for current year tax positions	156	161
Interest accrual	111	199
Foreign currency remeasurement	(32)	(72)
Balance - September 30, 2021	$ 1,753	$ 3,231

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	1 Months Ended		12 Months Ended
	Oct. 31, 2016	Sep. 30, 2015	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance			$ 9,095,000	$ 7,917,000
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount			1,200,000	$ 1,400,000
Unremitted Earnings of Foreign Subsidiaries			50,000,000
Subsidiary Revenue		$ 63,000,000
Reversal of Service Tax Refund	$ 160,000
Service Tax Credit Receivable	$ 1,000,000
Canadian Subsidiaries [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards			20,600,000
Domestic Tax Authority [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards			$ 17,900,000
Maximum
Income Taxes [Line Items]
Percentage for Subsidiary Service Tax		15.00%
Minimum
Income Taxes [Line Items]
Percentage for Subsidiary Service Tax		12.36%

Long-term obligations (Details)

Long-term obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Pension obligations
Pension obligations - accrued pension liability	$ 6,839	$ 5,940
Settlement agreement	272	518
Capital lease obligations		209
Microsoft licenses	385	747
Bank loans payable		580
Long-term Debt	7,496	7,994
Less: Current portion of long-term obligations	1,279	1,712
Totals	$ 6,217	$ 6,282

Commitments and contingencies (

Commitments and contingencies (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Commitments and contingencies
Estimated Litigation Liability	$ 6,400
Interest Rate Description Litigation	plus legal interest that accrued at 12% per annum from August 13, 2008 to June 30, 2013, and thereafter accrued and continues to accrue at 6% per annum
Litigation Settlement, Expense	$ 350,000

Operating Leases - Operating Le

Operating Leases - Operating Leases Amount Recognized (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating Leases, Rent Expense	$ 1,789	$ 2,286
Long Term Operating Lease [Member]
Operating Leases, Rent Expense	1,560	1,667
Short Term Operating Lease [Member]
Operating Leases, Rent Expense	$ 229	$ 619

Operating Leases - Net Present

Operating Leases - Net Present Value of Operating Lease Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating Leases
2022	$ 1,510
2023	1,256
2024	1,028
2025	1,043
2026	1,068
2027 and thereafter	2,423
Total lease payments	8,328
Less: Interest	2,018
Net present value of lease liabilities	6,310
Current portion	1,034	$ 990
Long- term portion	5,276	$ 6,332
Total	$ 6,310

Operating Leases - Weighted Ave

Operating Leases - Weighted Average Remaining Lease Terms (Details)	Dec. 31, 2021
Operating Leases
Weighted-average lease term remaining	53 months
Weighted-average discount rate	8.68%

Operating Leases - Additional I

Operating Leases - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021
Minimum
Lessee, Operating Lease, Term of Contract	2 years
Percentage of Rental Escalations	1.75%
Maximum
Lessee, Operating Lease, Term of Contract	11 years
Percentage of Rental Escalations	10.00%

Pension Benefits - Benefit obli

Pension Benefits - Benefit obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Pension Benefits
Projected benefit obligation at beginning of the year	$ 5,940	$ 4,611
Service cost	572	492
Interest cost	247	249
Actuarial gain (loss)	559	505
Foreign currency exchange rates changes	(359)	168
Benefits paid	(120)	(85)
Projected benefit obligation at end of the year	$ 6,839	$ 5,940

Pension Benefits - Net periodic

Pension Benefits - Net periodic pension cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Pension Benefits
Service cost	$ 572	$ 492
Interest cost	247	249
Actuarial gain (loss) recognized	47	50
Net periodic pension cost	$ 866	$ 791

Pension Benefits - Recognized i

Pension Benefits - Recognized in balance sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Pension Benefits
Current accrued benefit cost	$ 677	$ 332
Non-current accrued benefit cost	6,162	5,608
Total amount recognized	$ 6,839	$ 5,940

Pension Benefits - Assumptions

Pension Benefits - Assumptions (Details)	Dec. 31, 2021	Dec. 31, 2020
Minimum
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.10%	3.57%
Rate of increase in compensation level	7.00%	5.00%
Maximum
Defined Benefit Plan Disclosure [Line Items]
Discount rate	12.03%	8.06%
Rate of increase in compensation level	10.00%	7.00%

Pension Benefits - Estimated fu

Pension Benefits - Estimated future benefit payments (Details) $ in Thousands	Dec. 31, 2021USD ($)
Pension Benefits
2022	$ 682
2023	256
2024	158
2025	422
2027	290
2030 to 2031	4,737
Total	$ 6,545

Pension Benefits - Additional I

Pension Benefits - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Period of service to become eligible	6 months
Defined Benefit Plan, Accumulated Benefit Obligation	$ 3.7
Subsidiaries [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension expense	$ 0.9	$ 0.8

Capital Stock (Details)

Capital Stock (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021Vote / shares$ / sharesshares	Dec. 31, 2020shares	Jul. 31, 2019USD ($)	Feb. 01, 2019shares
Class of Stock [Line Items]
Common Stock, Shares Authorized	75,000,000	75,000,000
Number of votes per share | Vote / shares	1
Dividends declared (in dollars per share) | $ / shares	$ 0
Preferred Stock, Shares Authorized	4,998,000	4,998,000
Common Stock, Capital Shares Reserved for Future Issuance	3,726,154
Treasury Stock, Shares, Acquired	1,500,000	1,500,000
Treasury Stock
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount | $			$ 2
Stockholders Rights Agreement [Member] | Preferred Stock [Member]
Class of Stock [Line Items]
Number of rights/shares				1

Stock Options - Summary of Stoc

Stock Options - Summary of Stock Option Activity (Details) - Employee Stock Option [Member] - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding at January 1, 2021, (in shares)	5,906,884	6,828,303
Number of Options, Granted (in shares)	1,226,300	1,080,000
Number of Options, Exercised (in shares)	(1,556,288)	(1,357,116)
Number of Options, Forfeited/Expired (in shares)	(40,000)	(644,303)
Number of Options, Outstanding at September 30, 2021, (in shares)	5,536,896	5,906,884
Number of Options Exercisable at September 30, 2021 (in shares)	3,266,872
Number of Options, Vested and Expected to Vest at September 30, 2021 (in shares)	5,536,896
Weighted Average Exercise Price Outstanding (in dollars per shares)	$ 1.61	$ 1.86
Weighted Average Exercise Price Granted (in dollars per shares)	6.84	1.37
Weighted Average Exercise Price Exercised (in dollars per shares)	2.01	1.97
Weighted Average Exercise Price Forfeited/Expired (in dollars per shares)	1.41	3.06
Weighted Average Exercise Price Outstanding (in dollars per shares)	2.66	$ 1.61
Weighted Average Exercise Price Exercisable at September 30, 2021 (in dollars per shares)	1.68
Weighted Average Exercise Price Vested and Expected to Vest at September 30, 2021 (in dollars per shares)	$ 2.66
Weighted Average Remaining Contractual Term Outstanding (in years)	7 years 6 months 7 days	6 years 10 months 9 days
Weighted Average Remaining Contractual Term Exercisable at September 30, 2021 (in years)	6 years 8 months 8 days
Weighted Average Remaining Contractual Term Vested and Expected to Vest at September 30, 2021 (in years)	7 years 6 months 7 days
Aggregate Intrinsic Value, Outstanding at September 30, 2021	$ 19,154,463	$ 89,405
Aggregate Intrinsic Value, Exercisable at September 30, 2021	13,943,444
Aggregate Intrinsic Value, Vested and Expected to Vest at December 31, 2020	$ 19,154,463

Stock Options - Weighted Averag

Stock Options - Weighted Average Fair Values and Assumptions (Details) - Employee Stock Option [Member] - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value of options granted (in dollars per share)	$ 3.73	$ 0.61
Expected dividends	0.00%	0.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	0.22%	0.29%
Expected life (years)	3 years	5 years
Expected volatility factor	58.00%	46.75%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	0.82%	0.56%
Expected life (years)	6 years	6 years
Expected volatility factor	68.00%	50.09%

Stock Options - Summary of Rest

Stock Options - Summary of Restricted Shares (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Stock Options
Number of Shares, Unvested at December 31, 2020	50,000	75,000
Number of Shares, Vested	(25,000)	(25,000)
Number of Shares, Unvested at June 30, 2021	25,000	50,000
Weighted-Average Grant Date Fair Value, Outstanding		$ 1.38
Weighted-Average Grant Date Fair Value, Outstanding	$ 1.38

Stock Options - Additional Info

Stock Options - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Jun. 08, 2021	Jun. 07, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate value of options exercised	$ 2,227	$ 2,596
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized	$ 3,900
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	28 months
Share-based Payment Arrangement, Option And Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares counted against Share Reserve				1
Number of shares added back, expiration or termination				1
Number of shares added back, withheld, tendered or exchanged				1
Share-based Payment Arrangement, Excluding Than Option And Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares counted against Share Reserve				2
Number of shares added back, expiration or termination				2
Number of shares added back, withheld, tendered or exchanged				2
2013 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Number Of Shares Authorized			1,800,000	5,858,892

Stock options - Subsequent Even

Stock options - Subsequent Event (Details) - Subsequent Event [Member] $ / shares in Units, $ in Millions	Mar. 10, 2022USD ($)$ / sharesshares
Restricted Stock [Member] | Employee [Member]
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $	$ 4
Debt term	10 years
exercise price | $ / shares	$ 4.99
Employee Stock Option [Member] | Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares	1,359,558

Comprehensive loss - Reclassifi

Comprehensive loss - Reclassifications out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ 29,640
Balance	29,927	$ 29,640
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(938)	(920)
Other comprehensive income (loss) before reclassifications, net of taxes	(1,402)	300
Total other comprehensive loss before reclassifications, net of taxes	(2,340)	(620)
Net amount reclassified to earnings	148	(318)
Balance	(2,192)	(938)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(444)	(53)
Other comprehensive income (loss) before reclassifications, net of taxes	(457)
Total other comprehensive loss before reclassifications, net of taxes	(901)	(53)
Net amount reclassified to earnings	43	(391)
Balance	(858)	(444)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		33
Other comprehensive income (loss) before reclassifications, net of taxes	(458)	(106)
Total other comprehensive loss before reclassifications, net of taxes	(458)	(73)
Net amount reclassified to earnings	105	73
Balance	(353)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(494)	(900)
Other comprehensive income (loss) before reclassifications, net of taxes	(487)	406
Total other comprehensive loss before reclassifications, net of taxes	(981)	(494)
Balance	$ (981)	$ (494)

Segment reporting and concent_3

Segment reporting and concentrations (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Segment reporting information
Revenues		$ 69,755	$ 58,240
Income (loss) before provision for income taxes		(963)	1,045
Total assets		59,217	57,254
Goodwill		2,143	2,150
Before Intersegment Eliminations [Member]
Segment reporting information
Income (loss) before provision for income taxes	[1]	(963)	1,045
After Intersegment Eliminations [Member]
Segment reporting information
Income (loss) before provision for income taxes	[2]	(963)	1,045
DDS [Member]
Segment reporting information
Revenues		52,569	41,983
Total assets		40,100	37,095
DDS [Member] | Before Intersegment Eliminations [Member]
Segment reporting information
Income (loss) before provision for income taxes	[1]	6,311	1,260
DDS [Member] | After Intersegment Eliminations [Member]
Segment reporting information
Income (loss) before provision for income taxes	[2]	5,932	980
Synodex [Member]
Segment reporting information
Revenues		4,163	4,828
Total assets		1,753	825
Synodex [Member] | Before Intersegment Eliminations [Member]
Segment reporting information
Income (loss) before provision for income taxes	[1]	(1,797)	357
Synodex [Member] | After Intersegment Eliminations [Member]
Segment reporting information
Income (loss) before provision for income taxes	[2]	(1,525)	536
Agility [Member]
Segment reporting information
Revenues		13,023	11,429
Total assets		17,364	19,334
Goodwill		2,143	2,150
Agility [Member] | Before Intersegment Eliminations [Member]
Segment reporting information
Income (loss) before provision for income taxes	[1]	(5,477)	(572)
Agility [Member] | After Intersegment Eliminations [Member]
Segment reporting information
Income (loss) before provision for income taxes	[2]	$ (5,370)	$ (471)
[1]	Before elimination of any inter-segment profits
[2]	After elimination of any inter-segment profits

Segment reporting and concent_4

Segment reporting and concentrations - Revenues by geographic region (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Revenues	$ 69,755	$ 58,240
US
Segment Reporting Information [Line Items]
Revenues	38,164	26,764
United Kingdom
Segment Reporting Information [Line Items]
Revenues	11,588	11,184
The Netherlands
Segment Reporting Information [Line Items]
Revenues	6,547	6,695
Canada
Segment Reporting Information [Line Items]
Revenues	6,190	5,791
Other - principally Europe
Segment Reporting Information [Line Items]
Revenues	$ 7,266	$ 7,806

Segment reporting and concent_5

Segment reporting and concentrations - Long-lived assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	$ 21,058	$ 20,643
US
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	4,578	4,045
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	9,280	9,044
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	1,538	1,759
Philippines
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	4,027	4,545
India
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	1,481	930
Sri Lanka
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	154	319
Israel
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets		1
Total Foreign
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	$ 16,480	$ 16,598

Segment reporting and concent_6

Segment reporting and concentrations - Additional information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)segmentclient	Dec. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | segment	3
Classification of segment assets | $	$ 59,217	$ 57,254
Foreign Customer [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	45.00%	54.00%
Foreign Customer [Member] | Accounts receivable | Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	37.00%	55.00%
One Client [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk
Segment Reporting Information [Line Items]
Number of clients	1
Concentration Risk, Percentage	11.00%	14.00%
One Client [Member] | Accounts receivable | Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	19.00%
Three Clients [Member] | Accounts receivable | Customer Concentration Risk
Segment Reporting Information [Line Items]
Number of clients	3
Concentration Risk, Percentage		36.00%
Client [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk
Segment Reporting Information [Line Items]
Number of clients	0
Concentration Risk, Percentage	10.00%
Client [Member] | Accounts receivable | Customer Concentration Risk
Segment Reporting Information [Line Items]
Number of clients	0
Concentration Risk, Percentage	10.00%

Income (Loss) Per Share (Detail

Income (Loss) Per Share (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income (Loss) Per Share
Net income (loss) attributable to Innodata Inc. and Subsidiaries	$ (1,673)	$ 617
Weighted average common shares outstanding	26,630	24,607
Dilutive effect of outstanding options		966
Adjusted for dilutive computation	26,630	25,573

Income (Loss) Per Share - Addit

Income (Loss) Per Share - Additional information (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded From Computation Of Earnings Per Share, Amount	5.5	1.6

Derivatives - Additional Inform

Derivatives - Additional Information (Details) $ in Millions	Dec. 31, 2021USD ($)
Derivatives
Derivative notional amount	$ 19.7

Derivatives - fair value of der

Derivatives - fair value of derivative instruments (Details) - Foreign currency forward contracts - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accrued expenses
Derivatives, Fair Value [Line Items]
Derivatives designated as hedging instruments	$ 353
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives designated as hedging instruments		$ 48

Derivatives - Contracts designa

Derivatives - Contracts designated as cash flow hedges (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Derivatives
Loss recognized in OCI	[1]	$ (458)	$ (106)
Loss reclassified from accumulated OCI into income	[2]	$ (105)	$ (73)
[1]	Net change in fair value of the effective portion classified into other comprehensive income (“OCI”).
[2]	Effective portion classified within direct operating costs.