Innodata (INOD) 10-K 23 Feb 23 2022 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Feb. 20, 2023	Jun. 30, 2022
Document and Entity Information
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
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			$ 119,621,374
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		27,404,901
Entity Central Index Key	0000903651
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2022
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, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 9,792	$ 18,902
Short term investments - other	507
Accounts receivable, net of allowance for doubtful accounts of $1,210 and $730, respectively	9,528	11,379
Prepaid expenses and other current assets	3,858	3,681
Total current assets	23,685	33,962
Property and equipment, net	2,511	2,947
Right-of-use-asset, net	4,309	5,621
Other assets	1,498	2,247
Deferred income taxes, net	1,475	1,950
Intangibles, net	12,526	10,347
Goodwill	2,038	2,143
Total assets	48,042	59,217
Current liabilities:
Accounts payable	2,630	1,823
Accrued expenses and other	7,250	7,564
Accrued salaries, wages and related benefits	6,136	6,391
Income and other taxes	3,230	3,213
Long-term obligations - current portion	877	1,279
Operating lease liability - current portion	693	1,034
Total current liabilities	20,816	21,304
Deferred income taxes, net	65	15
Long-term obligations, net of current portion	5,079	6,217
Operating lease liability, net of current portion	4,036	5,276
Total liabilities	29,996	32,812
Commitments and contingencies
Non-controlling interests	(727)	(3,522)
STOCKHOLDERS' EQUITY:
Serial preferred stock; 4,998,000 shares authorized, none outstanding
Common stock, $.01 par value; 75,000,000 shares authorized; 30,589,000 shares issued and 27,405,000 outstanding at December 31, 2022 and 30,347,000 shares issued and 27,163,000 outstanding at December 31, 2021	306	303
Additional paid-in capital	35,815	35,121
Retained earnings (deficit)	(8,775)	3,160
Accumulated other comprehensive loss	(2,108)	(2,192)
Stockholders' Equity before Treasury Stock, Total	25,238	36,392
Less: treasury stock, 3,184,000 shares at December 31, 2022 and 2021, at cost	(6,465)	(6,465)
Total stockholders' equity	18,773	29,927
Total liabilities, non-controlling interests and stockholders' equity	$ 48,042	$ 59,217

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED BALANCE SHEETS
Accounts receivable, net of allowance for doubtful accounts	$ 1,210	$ 730
Serial preferred stock, shares authorized	4,998,000	4,998,000
Serial 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	30,589,000	30,347,000
Common stock, shares outstanding	27,405,000	27,163,000
Treasury stock, shares	3,184,000	3,184,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
Revenues	$ 79,001	$ 69,755
Operating costs and expenses:
Direct operating costs	51,533	43,494
Selling and administrative expenses	37,940	27,912
Interest expense (income), net	11	(108)
Total	89,484	71,298
Loss from operations	(10,483)	(1,543)
Gain on loan forgiveness		580
Loss before provision for income taxes	(10,483)	(963)
Provision for income taxes	1,522	842
Consolidated net loss	(12,005)	(1,805)
Loss attributable to non-controlling interests	(70)	(132)
Net Loss attributable to Innodata Inc. and Subsidiaries	$ (11,935)	$ (1,673)
Loss per share attributable to Innodata Inc. and Subsidiaries:
Basic	$ (0.44)	$ (0.06)
Diluted	$ (0.44)	$ (0.06)
Weighted average shares outstanding:
Basic	27,278	26,630
Diluted	27,278	26,630
Comprehensive Loss:
Consolidated net loss	$ (12,005)	$ (1,805)
Pension liability adjustment, net of taxes	772	(414)
Foreign currency translation adjustment	(676)	(487)
Change in fair value of derivatives, net of taxes	(12)	(353)
Other comprehensive income (loss)	84	(1,254)
Total comprehensive loss	(11,921)	(3,059)
Comprehensive loss attributed to non-controlling interest	(70)	(132)
Comprehensive loss attributable to Innodata Inc. and Subsidiaries	$ (11,851)	$ (2,927)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Total
Balance at the beginning at Dec. 31, 2020	$ 289	$ 31,921	$ 4,833	$ (938)	$ (6,465)	$ 29,640
Balance at the beginning (in shares) at Dec. 31, 2020	28,984,000
Balance at the beginning (in shares) at Dec. 31, 2020					(3,184,000)
Net loss 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 adjustment, net of taxes				(414)		(414)
Foreign currency translation adjustment				(487)		(487)
Change in fair value of derivatives, net of taxes				(353)		(353)
Balance at the end at Dec. 31, 2021	$ 303	35,121	3,160	(2,192)	$ (6,465)	$ 29,927
Balance at the end (in shares) at Dec. 31, 2021	30,347,000
Balance at the end (in shares) at Dec. 31, 2021					(3,184,000)	3,184,000
Net loss attributable to Innodata Inc. and Subsidiaries			(11,935)			$ (11,935)
Stock-based compensation		3,283				3,283
Stock option exercises	$ 3	329				332
Stock option exercises (in shares)	249,000
Shares withheld for taxes on restricted shares vesting		(53)				(53)
Shares withheld for taxes on restricted shares vesting (in shares)	(7,000)
Redemption of non-controlling interest		(2,865)				(2,865)
Pension liability adjustment, net of taxes				772		772
Foreign currency translation adjustment				(676)		(676)
Change in fair value of derivatives, net of taxes				(12)		(12)
Balance at the end at Dec. 31, 2022	$ 306	$ 35,815	$ (8,775)	$ (2,108)	$ (6,465)	$ 18,773
Balance at the end (in shares) at Dec. 31, 2022	30,589,000
Balance at the end (in shares) at Dec. 31, 2022					(3,184,000)	3,184,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Consolidated net loss	$ (12,005)	$ (1,805)
Adjustments to reconcile consolidated net loss to net cash
Depreciation and amortization	3,889	2,869
Gain on loan forgiveness		(580)
Stock-based compensation	3,283	1,750
Deferred income taxes	217	88
Provision for doubtful accounts	480
Pension cost	943	507
Loss on lease termination	125
Changes in operating assets and liabilities:
Accounts receivable	1,303	(1,872)
Prepaid expenses and other current assets	(226)	487
Other assets	750	311
Accounts payable, accrued expenses and other	322	4,441
Accrued salaries, wages and related benefits	(310)	685
Income and other taxes	13	(1,730)
Net cash provided by (used in) operating activities	(1,216)	5,151
Cash flows from investing activities:
Capital expenditures	(6,526)	(4,368)
Purchase of short term investments - others	(507)
Net cash used in investing activities	(7,033)	(4,368)
Cash flows from financing activities:
Proceeds from exercise of stock options	332	2,227
Withholding taxes on net settlement of stock-based compensation		(763)
Payment of long-term obligations	(639)	(691)
Net cash provided by (used in) financing activities	(307)	773
Effect of exchange rate changes on cash and cash equivalents	(554)	(227)
Net increase (decrease) in cash and cash equivalents	(9,110)	1,329
Cash and cash equivalents, beginning of year	18,902	17,573
Cash and cash equivalents, end of year	9,792	18,902
Supplemental disclosures of cash flow information:
Cash paid for income taxes	1,107	1,540
Cash paid for operating leases	1,838	1,789
Cash paid for interest	$ 19	$ 28

Description of Business and Sum

Description of Business and Summary of Significant Accounting Estimates and Policies	12 Months Ended
	Dec. 31, 2022
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 was founded on a simple idea: engineer the highest quality data so organizations across broad industry segments could make smarter decisions. Today, the Company believes it is delivering the highest quality data for some of the world’s most innovative technology companies to use to train the AI models of the future. AI holds the promise that computers can perceive and understand the world, enabling products and services that would have been previously unimaginable and impossible with traditional coding. AI learns from data, and the highest-performing AI will have learned from the highest-quality data. The Company believes that it can contribute meaningfully by harnessing its capabilities, honed over 30 years, in collecting and annotating data at scale with consistency and high accuracy. The Company is also helping companies deploy and integrate AI into their operations and products and providing innovative AI-enabled industry platforms, helping ensure that its customers’ businesses are prepared for a world in which machines augment human activity in ways previously unimaginable. The Company developed its capabilities and honed its approaches progressively over the last 30 years creating high-quality data for many of the world’s most demanding information companies. Approximately seven 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’s historical core competency in high-quality data, combined with these R&D efforts in applied AI, created the foundation for the evolution of the Company’s offerings, which include AI Data Preparation, AI Model Deployment and Integration, and AI-Enabled Industry Platforms. AI Data Preparation The Company collects or creates training data, annotates training data, and trains AI algorithms for social media companies, robotics companies, financial services companies, and many others, working with images, text, video and audio. 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 data annotation platform features auto-tagging capabilities that apply to both classical and generative AI tasks. The platform encapsulates many of the innovations the Company has conceived of in the course of its 30-year history of creating high-quality data. In addition, because collecting real-world data is often impracticable (due to data privacy regulations or rarity of cohorts and outliers), the Company creates high-quality synthetic data that maintains all of the statistical properties of real-world data, using a combination of domain specialists and machine technologies that leverage large language models (LLMs). AI Model Deployment and Integration The Company helps businesses leverage the latest AI technologies to achieve their goals. The Company develops custom AI models (where it selects the appropriate algorithms, tunes hyperparameters, trains and validates the models, and updates the models as required). The Company also helps businesses fine-tune their own custom versions of the Company’s proprietary models and third-party foundation models to address domain-specific and customer-specific use cases. In addition to deploying and integrating AI models, the Company often provides a range of data engineering support services including data transformation, data curation, data hygiene, data consolidation, data extraction, 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 solutions and platforms. AI-Enabled Industry Platforms The Company’s AI-enabled industry platforms address specific, niche market requirements the Company believes it can innovate with AI/ML technologies. The Company deploys these industry platforms as software-as-a-service (SaaS) and as managed services. These platforms benefit from the Company’s technology infrastructure, its industry-specific knowledge, its strong customer relationships and experience merging technology with the business processes of its customers. 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. The Company’s operations are presently classified and reported in three reporting segments: Digital Data Solutions (DDS), Synodex and Agility. Critical Accounting Policies and Estimates 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. Revenue from agreements billed on a time-and-materials basis is recognized as services are performed. Revenue from fixed-fee agreements, which is not significant to overall revenues, is 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 the Company’s 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. Revenue from the reseller agreements is recognized at the gross amount received for the goods in accordance with the Company functioning as a principal due to the Company 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. Revenue includes reimbursement of out-of-pocket expenses, with the corresponding out-of-pocket expenses included in direct operating costs. Revenue associated with the services provided in one period and billed in a subsequent period is commonly referred to as unbilled revenues and is included under Accounts receivable. 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. 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 for the Company’s Agility subsidiary in 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 loss. Derivative Instruments - Cash Equivalents - Short term Investments-other - Property and Equipment - two Capitalized Developed Software Long-lived Assets Goodwill and Other Intangible Assets - ten 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, 2022 and tested the intangible assets of the Agility and Synodex segments for impairment. The impairment test involves estimating the fair value based on a combination of income (estimates of future discounted cash flows) and the market approach (market multiples for similar companies) using unobservable inputs (Level 3). The Company concluded that there is no impairment of goodwill and intangible assets for the Agility and Synodex segments. Income Taxes repatriated in the future, or are no longer deemed to be indefinitely reinvested, the Company would have to accrue as a liability the applicable amount of foreign jurisdiction withholding taxes associated with such remittances. 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 United States, Canadian and European (principally Germany and the United Kingdom 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, 2022, 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, ​ 2022 2021 Direct operating costs ​ $ 214 ​ $ 178 Selling and adminstrative expenses ​ 3,069 ​ 1,572 Total stock-based compensation ​ $ 3,283 ​ $ 1,750 ​ 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

Property and equipment

Property and equipment	12 Months Ended
	Dec. 31, 2022
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, ​ 2022 2021 Equipment ​ $ 12,391 ​ $ 12,834 Computer software ​ 4,447 ​ 4,399 Furniture and equipment ​ 1,163 ​ 1,397 Leasehold improvements ​ 2,554 ​ 3,287 Total ​ 20,555 ​ 21,917 Less: accumulated depreciation and amortization ​ (18,044) ​ (18,970) ​ ​ $ 2,511 ​ $ 2,947 ​ 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 $1.2 and $0.9 million for the years ended December 31, 2022 and 2021, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2022
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, 2022 were as follows (in thousands): ​ ​ ​ ​ ​ Balance as of January 1, 2022 $ 2,143 Foreign currency translation adjustment ​ (105) Balance as of December 31, 2022 ​ $ 2,038 ​ As of September 30, 2022, the Company performed its annual goodwill impairment analysis on one of its reporting units, the Agility segment. The Company also tested the intangible assets of the Agility and Synodex segments for impairment. The impairment test involves estimating the fair value based on a combination of income (estimates of future discounted cash flows) and the market approach (market multiples for similar companies) using unobservable inputs (Level 3). The income approach uses a discounted cash flow (“DCF”) method that utilizes the present value of cash flows to estimate the segment’s fair value. The future cash flows of the segment were projected based on the Company’s estimates of future revenue, operating income, and other factors such as working capital and capital expenditures. As part of the DCF analysis, the Company projected revenue and operating profits and assumed long-term revenue growth rates in the terminal year. The market approach utilizes multiples of revenues and earnings before interest expense, taxes, depreciation, and amortization (“EBITDA”) to estimate the segment’s fair value. The market multiples used for the segment were based on a group of comparable companies’ market multiples applied to the Company’s revenue. The Company concluded that there is no impairment of goodwill or intangible assets for the Agility segment, and no impairment of intangible assets for the Synodex segments. 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 $2.0 and $2.1 million as of December 31, 2022, and 2021. 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 tradenames Patents Database Software Progress Total Gross carrying amounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of January 1, 2022 ​ $ 3,169 ​ $ 2,228 ​ $ 880 ​ $ 45 ​ $ 3,648 ​ $ 8,576 ​ $ 635 ​ $ 19,181 Additions ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 5,421 ​ ​ 5,421 Transfers ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 3,269 ​ ​ (3,269) ​ ​ - Foreign currency translation adjustment ​ (171) ​ (132) ​ (28) ​ (2) ​ (156) ​ (536) ​ (6) ​ (1,031) Balance as of December 31, 2022 ​ $ 2,998 ​ $ 2,096 ​ $ 852 ​ $ 43 ​ $ 3,492 ​ $ 11,309 ​ $ 2,781 ​ $ 23,571 Accumulated amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of January 1, 2022 ​ $ 2,158 ​ $ 1,377 ​ $ 685 ​ $ 34 ​ $ 2,005 ​ $ 2,575 ​ $ - ​ $ 8,834 Amortization expense ​ ​ 310 ​ ​ 183 ​ ​ 55 ​ ​ 4 ​ ​ 353 ​ ​ 1,823 ​ ​ - ​ ​ 2,728 Foreign currency translation adjustment ​ ​ (128) ​ ​ (90) ​ ​ (20) ​ ​ (3) ​ ​ (88) ​ ​ (188) ​ ​ - ​ ​ (517) Balance as of December 31, 2022 ​ $ 2,340 ​ $ 1,470 ​ $ 720 ​ $ 35 ​ $ 2,270 ​ $ 4,210 ​ $ - ​ $ 11,045 Net carrying values - December 31, 2022 ​ $ 658 ​ $ 626 ​ $ 132 ​ $ 8 ​ $ 1,222 ​ $ 7,099 ​ $ 2,781 ​ $ 12,526 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company Acquired Intangible Assets ​ Capitalized Developed Software ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 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 ​ Amortization expense relating to acquired intangible assets was approximately $0.9 million for each of the years ended December 31, 2022 and 2021. Amortization expense relating to capitalized developed software was approximately $1.8 million and $1.1 million for the years ended December 31, 2022 and 2021, respectively. Estimated annual amortization expense for intangible assets subsequent to December 31, 2022 is as follows (in thousands): ​ ​ ​ ​ ​ Year Amortization 2023 ​ $ 3,994 2024 ​ 3,555 2025 ​ ​ 2,614 2026 ​ 825 2027 ​ 460 Thereafter ​ 1,078 ​ ​ $ 12,526 ​

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Taxes
Income Taxes	4. Income Taxes The significant components of the provision for income taxes for the years ended December 31, 2022 and 2021 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Current income tax expense (benefit): ​ ​ Foreign ​ $ 1,131 ​ $ 728 Federal ​ 144 ​ 5 State and local ​ 30 ​ 21 ​ ​ 1,305 ​ 754 Deferred income tax expense (benefit): ​ ​ Foreign ​ 207 ​ 126 Federal ​ 10 ​ (38) State and local ​ - ​ - ​ ​ 217 ​ 88 Provision for income taxes ​ $ 1,522 ​ $ 842 ​ The reconciliation of the U.S. statutory rate with the Company’s effective tax rate for the years ended December 31, 2022 and 2021 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Federal income tax expense (benefit) at statutory rate (21.0) % (21.0) % Effect of: ​ ​ ​ Change in valuation allowance 36.9 186.1 ​ Tax effects of foreign operations 2.5 2.0 ​ Foreign operations permanent differences - foreign exchange gains and losses ​ 1.1 ​ 9.5 ​ Increase in unrecognized tax benefits (ASC 740) 0.7 (22.8) ​ State income tax net of federal benefit 0.2 1.9 ​ Return to provision true up 0.3 (2.3) ​ Effect of Section 162 (m) ​ 0.0 ​ 29.90 ​ Change in rates - 12.2 ​ Effect of stock-based compensation (0.3) (72.1) ​ Deemed interest ​ (1.9) ​ (1.4) ​ Foreign rate differential (4.7) (31.8) ​ Other ​ 0.7 ​ (2.8) ​ Effective tax rate 14.5 % 87.4 % ​ 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, 2022 and 2021 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2022 2021 Deferred income tax assets: ​ ​ Allowances not currently deductible ​ $ 301 ​ $ 183 Depreciation and amortization ​ 9 ​ 308 Equity compensation not currently deductible ​ 1,579 ​ 831 Net operating loss carryforwards ​ 10,758 ​ 7,741 Expenses not deductible until paid ​ 1,694 ​ 1,829 Other ​ 142 ​ 153 Total gross deferred income tax assets before valuation allowance ​ 14,483 ​ 11,045 Valuation allowance ​ (13,008) ​ (9,095) Deferred income tax assets, net ​ ​ 1,475 ​ ​ 1,950 ​ ​ ​ ​ ​ ​ ​ Deferred income tax liabilities: ​ ​ Other ​ (65) ​ (15) Total deferred income tax liabilities ​ (65) ​ (15) ​ ​ ​ ​ ​ ​ ​ Net deferred income tax assets ​ $ 1,410 ​ $ 1,935 ​ ​ ​ ​ ​ ​ ​ Net deferred income tax assets ​ $ 1,475 ​ $ 1,950 Net deferred income tax liability ​ ​ (65) ​ ​ (15) ​ ​ ​ ​ ​ ​ ​ Net deferred income tax assets ​ $ 1,410 ​ $ 1,935 ​ 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, 2022, the Company continues to maintain a valuation allowance on all of the Company’s United States, Canadian, German and United Kingdom subsidiaries’ deferred tax assets. The Company maintained a valuation allowance of approximately $13.0 million and $9.1 million as of December 31, 2022 and 2021, respectively. The valuation allowance relates to United States, and the Company’s Canadian, German and the United Kingdom subsidiaries’ deferred tax assets. The net change in the total valuation allowance was an increase of $3.9 million and $1.2 million for the years ended December 31, 2022 and December 31, 2021, 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 $50.9 million at December 31, 2022. 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 loss before provision for income taxes for each of the two years ended December 31, were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 United States ​ $ (4,023) ​ $ (261) Foreign ​ (6,460) ​ (702) Totals ​ $ (10,483) ​ $ (963) ​ At December 31, 2022, the Company had available U.S. federal net operating loss (NOL) carryforwards of approximately $20.5 million. These NOL carryforwards expire at various times through the year 2035. The potential benefits from these balances have not been recognized for financial statement purposes. 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 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 2031. On December 31, 2022, the Company’s Canadian subsidiaries had available Canadian NOL carryforwards of approximately $28.3 million which will begin to expire in 2036. The potential benefits from these balances have not been recognized for financial statement purposes. On December 31, 2022, the Company’s German and the United Kingdom subsidiaries had available NOL carryforwards of approximately $2.2 million. The potential benefits from these balances have not been recognized for financial statement purposes. The Company had unrecognized tax benefits of $1.7 million and $1.8 million as of December 31, 2022, and 2021, 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, 2022 and December 31, 2021, 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 2017 through 2021. Various foreign subsidiaries have open tax years from 2004 through 2022, some of which are under audit by local tax authorities. The Company believes that its accruals for uncertain tax positions as of December 31, 2022 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, ​ 2022 2021 Balance at January 1 ​ $ 1,753 ​ $ 3,231 Decrease for prior year tax positions ​ (290) ​ (1,713) Increase for current year tax positions ​ 311 ​ 156 Interest accrual ​ 67 ​ 111 Foreign currency remeasurement ​ (161) ​ (32) Balance at December 31 ​ $ 1,680 ​ $ 1,753 ​ 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 $57.0 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 $121,000 previously granted to the Company’s 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 $0.8 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, 2022
Long-term obligations
Long-term obligations	5. Long-term obligations Total long-term obligations as of December 31, 2022 and 2021 consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2022 2021 ​ ​ ​ ​ ​ ​ ​ Pension obligations - accrued pension liability ​ $ 5,906 ​ $ 6,839 Settlement agreement ​ ​ 50 ​ ​ 272 Microsoft licenses ​ ​ - ​ 385 ​ ​ ​ 5,956 ​ 7,496 Less: Current portion of long-term obligations ​ 877 ​ 1,279 Totals ​ $ 5,079 ​ $ 6,217 ​

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
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 in 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 $450,000 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, 2022
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 recognizes an operating lease liability and right-of-use asset in compliance with current lease accounting standard ASC 842. 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, 2022 December 31, 2021 ​ ​ ​ ​ ​ ​ ​ Rent expense for long-term operating leases ​ $ 1,336 ​ $ 1,560 Rent expense for short-term leases ​ 502 ​ 229 Total rent expense ​ $ 1,838 ​ $ 1,789 ​ 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, 2022 (in thousands): ​ ​ ​ ​ ​ Year Amount ​ ​ ​ ​ 2023 ​ $ 1,045 2024 ​ 855 2025 ​ 886 2026 ​ 921 2027 ​ ​ 905 2028 and thereafter ​ 1,553 Total lease payments ​ 6,165 Less: Interest ​ (1,436) Net present value of lease liabilities ​ $ 4,729 ​ ​ ​ ​ Current portion ​ $ 693 Long-term portion ​ 4,036 Total ​ $ 4,729 ​ The weighted average remaining lease terms and discount rates for all of our operating leases as of December 31, 2022 were as follows: ​ ​ ​ ​ ​ Weighted-average lease term remaining 52 months ​ Weighted-average discount rate 9.10% ​ ​

Pension Benefits

Pension Benefits	12 Months Ended
	Dec. 31, 2022
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, 2022, these plans were unfunded. Pension expense for foreign subsidiaries totaled approximately $1.1 million and $0.9 million for the years ended December 31, 2022 and 2021, 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 ​ ​ ​ ​ ​ ​ ​ Projected benefit obligation at beginning of the year ​ $ 6,839 ​ $ 5,940 Service cost ​ 592 ​ 572 Interest cost ​ 352 ​ 247 Actuarial loss (gain) ​ (713) ​ 559 Foreign currency exchange rates changes ​ (862) ​ (359) Curtailment ​ (48) ​ - Benefits paid ​ (254) ​ (120) Projected benefit obligation at end of the year ​ $ 5,906 ​ $ 6,839 ​ The Company incurred an actuarial gain of $0.7 million for the year ended December 31, 2022, and an actuarial loss of $0.6 million for the year ended December 31, 2021. This was mainly due to changes in the discount rates used. Actuarial (gains) losses are recorded as part of other comprehensive income and is not reflected as part of net periodic pension cost. ​ Components of Net Periodic Pension Cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 592 ​ $ 572 Interest cost ​ 352 ​ 247 Curtailment ​ (16) ​ - Actuarial loss recognized ​ 210 ​ 47 Net periodic pension cost ​ $ 1,138 ​ $ 866 ​ The accumulated benefit obligation, which represents benefits earned to date, was approximately $3.2 and $3.7 million for each of the years ended December 31, 2022 and 2021. Amounts recognized in the consolidated balance sheets for the years ended December 31, 2022 and 2021 consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 ​ ​ ​ ​ ​ ​ ​ Current accrued benefit cost ​ $ 828 $ 677 Non-current accrued benefit cost ​ 5,078 6,162 Total amount recognized ​ $ 5,906 $ 6,839 ​ 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: ​ ​ ​ ​ ​ ​ ​ 2022 2021 ​ ​ ​ ​ ​ Discount rate 5.13%-20% 2.1%-12.03% Rate of increase in compensation level 7.5%-20% 7%-10% ​ Estimated Future Benefit Payments: As of December 31, 2022, the following benefit payments, which reflect expected future service, as appropriate, were expected to be paid (in thousands): ​ ​ ​ ​ ​ Year ​ Amount ​ ​ ​ ​ 2023 ​ ​ 837 2024 ​ 114 2025 ​ 401 2026 ​ ​ 239 2027 ​ ​ 704 2028 to 2031 ​ 4,860 ​ ​ $ 7,155 ​

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2022
Capital Stock
Capital Stock	9. Capital Stock Common Stock - Preferred Stock - Common Stock Reserved - Treasury Stock -

Stock Options

Stock Options	12 Months Ended
	Dec. 31, 2022
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 “2013 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 2013 Plan after June 7, 2016 is 5,858,892 (the “Share Reserve”). Shares subject to an option or stock appreciation right granted under the 2013 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 2013 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 2013 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 2013 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 2013 Plan or the Prior Plan. If any shares are withheld, tendered or exchanged by a participant in the 2013 Plan as full or partial payment to Innodata of the exercise price under an option under the 2013 Plan or the Prior Plan or in satisfaction of a participant’s tax withholding obligations with respect to any award under the 2013 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 2013 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 2013 Plan or the Prior Plan. On June 9, 2022, stockholders of the Company approved amendments to the Innodata Inc. 2021 Equity Compensation Plan (as amended, 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 4,000,000 (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 for awards granted prior to April 11, 2022, and one and a half shares for every share granted for awards granted on or after April 11, 2022. 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, ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ ​ Weighted average fair value of options granted $ 2.67 $ 3.73 ​ Risk-free interest rate ​ 1.94% - 4.09 % 0.22% - 0.82 % Expected life (years) ​ 3-6.42 ​ 3-6 ​ Expected volatility factor ​ 62%-79 % 58% - 68 % 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 Innodata Inc. 2013 Stock Plan, as amended and restated effective June 7, 2016 (the “2013 Plan”) and changes during each of year ended December 31, 2022 and 2021 are presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ ​ ​ ​ ​ Weighted -Average ​ Remaining ​ ​ ​ ​ ​ Number of ​ Exercise ​ Contractual Term ​ Aggregate ​ ​ Options ​ Price ​ (years) ​ Intrinsic Value Outstanding at January 1, 2021 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 Granted* ​ 1,774,558 ​ ​ 4.91 ​ ​ ​ ​ ​ Exercised ​ (248,763) ​ ​ 1.34 ​ ​ ​ ​ ​ Forfeited/Expired ​ (372,201) ​ ​ 6.55 ​ ​ ​ ​ ​ Outstanding at December 31, 2022 6,690,490 ​ $ 3.09 7.19 ​ $ 5,989,709 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at December 31, 2022 4,124,775 ​ $ 1.96 6.10 ​ $ 5,533,056 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and Expected to Vest at December 31, 2022 6,690,490 ​ $ 3.09 7.19 ​ $ 5,989,709 ​ * Includes 110,000 stock options granted by the Company to a non-employee director of the Company during the year ended December 31, 2022. The stock option fully vests on January 1, 2025. ​ A summary of option activity under the Innodata Inc. 2021 Equity Compensation Plan, as amended and restated effective as of April 11, 2022 (the “2021 Plan”) and changes during the year ended December 31, 2022 and 2021 are presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ Weighted - ​ Average ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ Aggregate ​ ​ Number of ​ Exercise ​ Contractual ​ Intrinsic ​ ​ Options ​ Price ​ Term (years) ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at January 1, 2021 - ​ $ - - ​ - Granted - ​ - ​ Exercised - ​ - ​ Forfeited/Expired - ​ - ​ Outstanding at December 31, 2021 - ​ $ - - ​ - Granted* 1,030,000 ​ 3.46 ​ Exercised — ​ - ​ Forfeited/Expired (2,500) ​ 3.41 ​ Outstanding at December 31, 2022 1,027,500 ​ $ 3.46 9.75 ​ $ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at December 31, 2022 18,750 ​ $ 5.40 9.52 ​ $ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and Expected to Vest at December 31, 2022 1,027,500 ​ $ 3.46 9.75 ​ $ - ​ *During the year ended December 31, 2022, the Company granted 132,000 stock options to non-employee directors of the Company which vest on the first anniversary of the date of grant. In addition, during the year ended December 31, 2022 the Company granted 50,000 stock options to non-employee members of the Company’s advisory board in lieu of cash compensation. The stock options vest in 12 monthly installments from the date of grant. ​ A summary of restricted stock awards issued under the 2013 Plan and the 2021 Plan (collectively, the “Equity Plans”) is presented below: ​ ​ ​ ​ ​ ​ ​ ​ Number of Weighted-Average ​ ​ Restricted Stock ​ Grant Date Fair ​ ​ Awards ​ Value ​ ​ ​ ​ ​ ​ Outstanding January 1, 2021 ​ 50,000 ​ ​ ​ Granted ​ - ​ ​ ​ Vested ​ (25,000) ​ ​ ​ Unvested at December 31, 2021 ​ 25,000 ​ $ 1.38 Granted ​ - ​ ​ ​ Vested (25,000) ​ 1.38 Forfeited/Expired - ​ ​ Unvested at December 31, 2022 - ​ $ - ​ In March 2022, the Company granted restricted stock units (“RSU”) to key executives pursuant to the Equity Plans. Each RSU has vesting conditions based on both the achievement of performance-based metrics and the continuation of employment over a defined period. The level of performance determines the number of RSUs that performance-vest, and performance vested RSUs must also time-vest in order to be fully vested. Each fully vested RSU represents the right to receive one share of the Company’s common stock or the fair market value of one share of common stock, at the Company’s discretion, and is classified as an equity award. Each RSU vests pursuant to the vesting schedule found in the respective RSU agreement. RSUs are generally subject to graduated vesting schedules and stock-based compensation expense is computed by tranche and recognized on a straight-line basis over the tranches’ applicable vesting period based on the expected achievement level. The fair value of restricted stock units is estimated on the date of grant using the Binomial option pricing model. ​ Restricted stock unit activity during the year ended December 31, 2022 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ Number of ​ Average ​ ​ Restricted Stock ​ Grant Date ​ ​ Units ​ Fair Value ​ ​ ​ ​ ​ ​ Outstanding January 1, 2021 - ​ Granted - ​ Vested - ​ Unvested at December 31, 2021 - ​ Granted* 700,000 ​ $ 5.59 Vested - ​ Forfeited/Expired - ​ Unvested at December 31, 2022 700,000 ​ $ 5.59 ​ * 200,000 RSUs were issued under the 2013 Plan and 500,000 RSUs were issued under the 2021 Plan. ​ The compensation cost related to non-vested stock options not yet recognized as of December 31, 2022 totaled approximately $7.4 million. The weighted-average period over which these costs will be recognized is 25 months. ​ During the fiscal year ended December 31, 2022, 700,000 performance-based restricted stock units were granted and remain non-vested at December 31, 2022. Vesting of the performance-based restricted stock units is contingent on the achievement of certain financial performance goals and service vesting conditions. There were no restricted stock units granted during the year ended December 31, 2021. ​ The compensation cost related to non-vested restricted stock units not yet recognized as of December 31, 2022 totaled approximately $2.9 million. The weighted-average period over which these costs will be recognized is 19 months.

Comprehensive loss

Comprehensive loss	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021, 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, 2022 ​ $ (858) ​ $ (353) ​ $ (981) ​ $ (2,192) Other comprehensive income (loss) before reclassifications, net of taxes ​ 561 ​ (1,118) ​ (676) ​ (1,233) Total other comprehensive loss before reclassifications, net of taxes ​ (297) ​ (1,471) ​ (1,657) ​ (3,425) Net amount reclassified to earnings ​ 211 ​ 1,106 ​ - ​ 1,317 Balance at December 31, 2022 ​ $ (86) ​ $ (365) ​ $ (1,657) ​ $ (2,108) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) ​ Taxes related to each component of other comprehensive loss were not material for the fiscal years presented and therefore not disclosed separately. ​ All reclassifications out of accumulated other comprehensive loss had an impact on direct operating costs in the consolidated statements of operations and comprehensive loss.

Segment reporting and concentra

Segment reporting and concentrations	12 Months Ended
	Dec. 31, 2022
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 data preparation services, collecting or creating training data, annotating training data, and training AI algorithms for its customers, and AI model deployment and integration. The DDS segment also provides a range of data engineering support services including data transformation, data curation, data hygiene, data consolidation, data extraction, 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 customer 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 customers, segment operating profit (loss), and other reportable segment information are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For The Years Ended December 31, ​ 2022 2021 Revenues: ​ ​ DDS ​ $ 56,523 ​ $ 52,569 Synodex ​ 7,105 ​ 4,163 Agility ​ 15,373 ​ 13,023 Total Consolidated ​ $ 79,001 ​ $ 69,755 Income (loss) before provision for income taxes (1) ​ ​ DDS ​ $ 1,393 ​ $ 6,311 Synodex ​ (3,213) ​ (1,797) Agility ​ (8,663) ​ (5,477) Total Consolidated ​ $ (10,483) ​ $ (963) Income (loss) before provision for income taxes (2) ​ ​ DDS ​ $ 716 ​ $ 5,947 Synodex ​ (2,599) ​ (1,526) Agility ​ (8,600) ​ (5,384) Total Consolidated ​ $ (10,483) ​ $ (963) ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 December 31, 2021 Total assets: ​ ​ DDS ​ $ 25,758 ​ $ 38,180 Synodex ​ 3,270 ​ 1,753 Agility ​ 19,014 ​ 19,284 Total Consolidated ​ $ 48,042 ​ $ 59,217 (1) Before elimination of any inter-segment profits (2) After elimination of any inter-segment profits ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 December 31, 2021 Goodwill: ​ ​ Agility ​ $ 2,038 ​ $ 2,143 Total ​ $ 2,038 ​ $ 2,143 ​ The table below shows intersegment revenues which are eliminated in consolidation (in thousands). ​ ​ ​ ​ ​ ​ ​ For The Years Ended December 31, ​ ​ 2022 2021 Revenues of DDS Segment from: Synodex 2,001 668 Agility 144 138 Totals 2,145 806 ​ Long-lived assets as of December 31, 2022 and 2021 by geographic region were comprised of (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 United States ​ $ 7,205 ​ $ 4,578 Foreign countries: ​ ​ ​ ​ Canada ​ 7,675 ​ 9,280 United Kingdom ​ 1,198 ​ 1,538 Philippines ​ 3,682 ​ 4,027 India ​ 1,195 ​ 1,481 Sri Lanka ​ 426 ​ 154 Israel ​ 3 ​ - Total foreign ​ 14,179 ​ 16,480 Totals ​ $ 21,384 ​ $ 21,058 ​ Long-lived assets include the unamortized balance of right-of-use assets amounting to $4.3 million and $5.6 million as of December 31, 2022 and December 31, 2021, respectively. ​ One customer in the DDS segment generated approximately 11% of the Company’s total revenues in the fiscal year ended December 31, 2022. Another customer in the DDS segment generated approximately 11% of the Company’s total revenues in the fiscal year ended December 31, 2021. No other customer accounted for 10% or more of total revenues during these periods. Further, in the years ended December 31, 2022 and 2021, revenues from non-U.S. customers accounted for 38% and 45%, respectively, of the Company’s revenues. Revenues for each of the two years in the period ended December 31, 2022 and 2021 by geographic region (determined based upon customer domicile), were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 United States ​ $ 48,724 ​ $ 38,164 United Kingdom ​ 10,901 ​ 11,588 The Netherlands ​ 6,829 ​ 6,547 Canada ​ 5,508 ​ 6,190 Others - principally Europe ​ 7,039 ​ 7,266 Totals ​ $ 79,001 ​ $ 69,755 ​ As of December 31, 2022, approximately 44% of the Company’s accounts receivable was due from foreign (principally European) customers and 45% of accounts receivable was due from four customers. As of December 31, 2021, approximately 37% of the Company’s accounts receivable was due from foreign (principally European) customers and 19% of accounts receivable was due from one customer. No other customer accounted for 10% or more of the accounts receivable as of December 31, 2022 and 2021.

Loss per Share

Loss per Share	12 Months Ended
	Dec. 31, 2022
Loss per Share
Loss per Share	13. Loss per Share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended ​ ​ December 31, ​ 2022 2021 Net loss attributable to Innodata Inc. and Subsidiaries ​ $ (11,935) $ (1,673) Weighted average common shares outstanding ​ 27,278 ​ 26,630 Dilutive effect of outstanding options ​ - ​ ​ - Adjusted for dilutive computation ​ 27,278 ​ 26,630 ​ Basic 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 5.3 million shares of common stock for the year ended December 31, 2022 were outstanding but not included in the computation of diluted loss 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. ​ 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 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, 2022
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 $14.2 million as of December 31, 2022. The following table presents the fair value of derivative instruments included within the consolidated balance sheets as of December 31, 2022 and 2021 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance Sheet Location Fair Value ​ ​ ​ ​ 2022 ​ 2021 Derivatives designated as hedging instruments: ​ ​ Foreign currency forward contracts ​ Accrued expenses ​ $ 365 ​ $ 353 ​ The effect of foreign currency forward contracts designated as cash flow hedges on the consolidated statements of operations for the years ended December 31, 2022 and 2021 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Loss recognized in OCI (1) ​ $ (1,118) ​ $ (458) Loss reclassified from accumulated OCI into income (2) ​ $ (1,106) ​ $ (105) 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.

Redemption of non-controlling i

Redemption of non-controlling interest	12 Months Ended
	Dec. 31, 2022
Redemption of non-controlling interest
Redemption of non-controlling interest	15. Redemption of non-controlling interest ​ The Consolidated Balance Sheets for the year ended December 31, 2022 includes a $2.9 million charge against additional paid-in-capital representing the carrying value of the non-controlling interest in Innodata Synodex, LLC which was redeemed by the Company on March 31, 2022. The Company accounted for the transaction in accordance with ASC Topic 810, “Consolidation,” which discusses the proper accounting treatment of the carrying value for the non-controlling interest. Under the standard, any change in ownership that does not result in a loss of control must be accounted for as an equity transaction.

Disclosure - Short Term Investm

Disclosure - Short Term Investments - other	12 Months Ended
	Dec. 31, 2022
Short Term Investments - other
Short Term Investments - other	16. Short Term Investments - other ​ The Short-term investments includes investment made by the Company in treasury bills and certificate of deposits which are considered as highly liquid investments. ​ ​ ​ ​ ​ ​ ​ ​ ​ For The Years Ended December 31, ​ ​ 2022 2021 ​ ​ ​ ​ ​ ​ ​ Treasury bills ​ $ 494 ​ $ - Certificate of deposits ​ 13 ​ - ​ ​ ​ ​ ​ ​ ​ Total Consolidated ​ $ 507 ​ $ - ​

Description of Business and S_2

Description of Business and Summary of Significant Accounting Estimates and Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Description of Business and Summary of Significant Accounting Estimates and Policies
Description of Business	Description of Business - The Company was founded on a simple idea: engineer the highest quality data so organizations across broad industry segments could make smarter decisions. Today, the Company believes it is delivering the highest quality data for some of the world’s most innovative technology companies to use to train the AI models of the future. AI holds the promise that computers can perceive and understand the world, enabling products and services that would have been previously unimaginable and impossible with traditional coding. AI learns from data, and the highest-performing AI will have learned from the highest-quality data. The Company believes that it can contribute meaningfully by harnessing its capabilities, honed over 30 years, in collecting and annotating data at scale with consistency and high accuracy. The Company is also helping companies deploy and integrate AI into their operations and products and providing innovative AI-enabled industry platforms, helping ensure that its customers’ businesses are prepared for a world in which machines augment human activity in ways previously unimaginable. The Company developed its capabilities and honed its approaches progressively over the last 30 years creating high-quality data for many of the world’s most demanding information companies. Approximately seven 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’s historical core competency in high-quality data, combined with these R&D efforts in applied AI, created the foundation for the evolution of the Company’s offerings, which include AI Data Preparation, AI Model Deployment and Integration, and AI-Enabled Industry Platforms. AI Data Preparation The Company collects or creates training data, annotates training data, and trains AI algorithms for social media companies, robotics companies, financial services companies, and many others, working with images, text, video and audio. 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 data annotation platform features auto-tagging capabilities that apply to both classical and generative AI tasks. The platform encapsulates many of the innovations the Company has conceived of in the course of its 30-year history of creating high-quality data. In addition, because collecting real-world data is often impracticable (due to data privacy regulations or rarity of cohorts and outliers), the Company creates high-quality synthetic data that maintains all of the statistical properties of real-world data, using a combination of domain specialists and machine technologies that leverage large language models (LLMs). AI Model Deployment and Integration The Company helps businesses leverage the latest AI technologies to achieve their goals. The Company develops custom AI models (where it selects the appropriate algorithms, tunes hyperparameters, trains and validates the models, and updates the models as required). The Company also helps businesses fine-tune their own custom versions of the Company’s proprietary models and third-party foundation models to address domain-specific and customer-specific use cases. In addition to deploying and integrating AI models, the Company often provides a range of data engineering support services including data transformation, data curation, data hygiene, data consolidation, data extraction, 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 solutions and platforms. AI-Enabled Industry Platforms The Company’s AI-enabled industry platforms address specific, niche market requirements the Company believes it can innovate with AI/ML technologies. The Company deploys these industry platforms as software-as-a-service (SaaS) and as managed services. These platforms benefit from the Company’s technology infrastructure, its industry-specific knowledge, its strong customer relationships and experience merging technology with the business processes of its customers. 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. The Company’s operations are presently classified and reported in three reporting segments: Digital Data Solutions (DDS), Synodex and Agility.
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. Revenue from agreements billed on a time-and-materials basis is recognized as services are performed. Revenue from fixed-fee agreements, which is not significant to overall revenues, is 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 the Company’s 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. Revenue from the reseller agreements is recognized at the gross amount received for the goods in accordance with the Company functioning as a principal due to the Company 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. Revenue includes reimbursement of out-of-pocket expenses, with the corresponding out-of-pocket expenses included in direct operating costs. Revenue associated with the services provided in one period and billed in a subsequent period is commonly referred to as unbilled revenues and is included under Accounts receivable. 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. 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 for the Company’s Agility subsidiary in 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 loss.
Derivative Instruments	Derivative Instruments -
Cash Equivalents	Cash Equivalents -
Short term Investments-other	Short term Investments-other -
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 - ten 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, 2022 and tested the intangible assets of the Agility and Synodex segments for impairment. The impairment test involves estimating the fair value based on a combination of income (estimates of future discounted cash flows) and the market approach (market multiples for similar companies) using unobservable inputs (Level 3). The Company concluded that there is no impairment of goodwill and intangible assets for the Agility and Synodex segments.
Income Taxes	Income Taxes repatriated in the future, or are no longer deemed to be indefinitely reinvested, the Company would have to accrue as a liability the applicable amount of foreign jurisdiction withholding taxes associated with such remittances. 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 United States, Canadian and European (principally Germany and the United Kingdom 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, 2022, 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, ​ 2022 2021 Direct operating costs ​ $ 214 ​ $ 178 Selling and adminstrative expenses ​ 3,069 ​ 1,572 Total stock-based compensation ​ $ 3,283 ​ $ 1,750 ​
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

Description of Business and S_3

Description of Business and Summary of Significant Accounting Estimates and Policies (Tables)	12 Months Ended
	Dec. 31, 2022
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, ​ 2022 2021 Direct operating costs ​ $ 214 ​ $ 178 Selling and adminstrative expenses ​ 3,069 ​ 1,572 Total stock-based compensation ​ $ 3,283 ​ $ 1,750 ​

Property and equipment (Tables)

Property and equipment (Tables)	12 Months Ended
	Dec. 31, 2022
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, ​ 2022 2021 Equipment ​ $ 12,391 ​ $ 12,834 Computer software ​ 4,447 ​ 4,399 Furniture and equipment ​ 1,163 ​ 1,397 Leasehold improvements ​ 2,554 ​ 3,287 Total ​ 20,555 ​ 21,917 Less: accumulated depreciation and amortization ​ (18,044) ​ (18,970) ​ ​ $ 2,511 ​ $ 2,947 ​

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets
Schedule of carrying amount of goodwill	The changes in the carrying amount of goodwill for the year ended December 31, 2022 were as follows (in thousands): ​ ​ ​ ​ ​ Balance as of January 1, 2022 $ 2,143 Foreign currency translation adjustment ​ (105) Balance as of December 31, 2022 ​ $ 2,038 ​
Schedule of company's acquisition-related intangible assets and capitalized developed software	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 tradenames Patents Database Software Progress Total Gross carrying amounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of January 1, 2022 ​ $ 3,169 ​ $ 2,228 ​ $ 880 ​ $ 45 ​ $ 3,648 ​ $ 8,576 ​ $ 635 ​ $ 19,181 Additions ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 5,421 ​ ​ 5,421 Transfers ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ - ​ ​ 3,269 ​ ​ (3,269) ​ ​ - Foreign currency translation adjustment ​ (171) ​ (132) ​ (28) ​ (2) ​ (156) ​ (536) ​ (6) ​ (1,031) Balance as of December 31, 2022 ​ $ 2,998 ​ $ 2,096 ​ $ 852 ​ $ 43 ​ $ 3,492 ​ $ 11,309 ​ $ 2,781 ​ $ 23,571 Accumulated amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of January 1, 2022 ​ $ 2,158 ​ $ 1,377 ​ $ 685 ​ $ 34 ​ $ 2,005 ​ $ 2,575 ​ $ - ​ $ 8,834 Amortization expense ​ ​ 310 ​ ​ 183 ​ ​ 55 ​ ​ 4 ​ ​ 353 ​ ​ 1,823 ​ ​ - ​ ​ 2,728 Foreign currency translation adjustment ​ ​ (128) ​ ​ (90) ​ ​ (20) ​ ​ (3) ​ ​ (88) ​ ​ (188) ​ ​ - ​ ​ (517) Balance as of December 31, 2022 ​ $ 2,340 ​ $ 1,470 ​ $ 720 ​ $ 35 ​ $ 2,270 ​ $ 4,210 ​ $ - ​ $ 11,045 Net carrying values - December 31, 2022 ​ $ 658 ​ $ 626 ​ $ 132 ​ $ 8 ​ $ 1,222 ​ $ 7,099 ​ $ 2,781 ​ $ 12,526 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company Acquired Intangible Assets ​ Capitalized Developed Software ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 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 ​
Schedule of estimated amortization expense for intangible assets	Estimated annual amortization expense for intangible assets subsequent to December 31, 2022 is as follows (in thousands): ​ ​ ​ ​ ​ Year Amortization 2023 ​ $ 3,994 2024 ​ 3,555 2025 ​ ​ 2,614 2026 ​ 825 2027 ​ 460 Thereafter ​ 1,078 ​ ​ $ 12,526

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Current income tax expense (benefit): ​ ​ Foreign ​ $ 1,131 ​ $ 728 Federal ​ 144 ​ 5 State and local ​ 30 ​ 21 ​ ​ 1,305 ​ 754 Deferred income tax expense (benefit): ​ ​ Foreign ​ 207 ​ 126 Federal ​ 10 ​ (38) State and local ​ - ​ - ​ ​ 217 ​ 88 Provision for income taxes ​ $ 1,522 ​ $ 842 ​
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, 2022 and 2021 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Federal income tax expense (benefit) at statutory rate (21.0) % (21.0) % Effect of: ​ ​ ​ Change in valuation allowance 36.9 186.1 ​ Tax effects of foreign operations 2.5 2.0 ​ Foreign operations permanent differences - foreign exchange gains and losses ​ 1.1 ​ 9.5 ​ Increase in unrecognized tax benefits (ASC 740) 0.7 (22.8) ​ State income tax net of federal benefit 0.2 1.9 ​ Return to provision true up 0.3 (2.3) ​ Effect of Section 162 (m) ​ 0.0 ​ 29.90 ​ Change in rates - 12.2 ​ Effect of stock-based compensation (0.3) (72.1) ​ Deemed interest ​ (1.9) ​ (1.4) ​ Foreign rate differential (4.7) (31.8) ​ Other ​ 0.7 ​ (2.8) ​ Effective tax rate 14.5 % 87.4 % ​
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, 2022 and 2021 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2022 2021 Deferred income tax assets: ​ ​ Allowances not currently deductible ​ $ 301 ​ $ 183 Depreciation and amortization ​ 9 ​ 308 Equity compensation not currently deductible ​ 1,579 ​ 831 Net operating loss carryforwards ​ 10,758 ​ 7,741 Expenses not deductible until paid ​ 1,694 ​ 1,829 Other ​ 142 ​ 153 Total gross deferred income tax assets before valuation allowance ​ 14,483 ​ 11,045 Valuation allowance ​ (13,008) ​ (9,095) Deferred income tax assets, net ​ ​ 1,475 ​ ​ 1,950 ​ ​ ​ ​ ​ ​ ​ Deferred income tax liabilities: ​ ​ Other ​ (65) ​ (15) Total deferred income tax liabilities ​ (65) ​ (15) ​ ​ ​ ​ ​ ​ ​ Net deferred income tax assets ​ $ 1,410 ​ $ 1,935 ​ ​ ​ ​ ​ ​ ​ Net deferred income tax assets ​ $ 1,475 ​ $ 1,950 Net deferred income tax liability ​ ​ (65) ​ ​ (15) ​ ​ ​ ​ ​ ​ ​ Net deferred income tax assets ​ $ 1,410 ​ $ 1,935 ​
Schedule of United States and foreign components of income (loss) before provision for income taxes	United States and foreign components of loss before provision for income taxes for each of the two years ended December 31, were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 United States ​ $ (4,023) ​ $ (261) Foreign ​ (6,460) ​ (702) Totals ​ $ (10,483) ​ $ (963) ​
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, ​ 2022 2021 Balance at January 1 ​ $ 1,753 ​ $ 3,231 Decrease for prior year tax positions ​ (290) ​ (1,713) Increase for current year tax positions ​ 311 ​ 156 Interest accrual ​ 67 ​ 111 Foreign currency remeasurement ​ (161) ​ (32) Balance at December 31 ​ $ 1,680 ​ $ 1,753 ​

Long-term obligations (Tables)

Long-term obligations (Tables)	12 Months Ended
	Dec. 31, 2022
Long-term obligations
Schedule of total long-term obligations	Total long-term obligations as of December 31, 2022 and 2021 consisted of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2022 2021 ​ ​ ​ ​ ​ ​ ​ Pension obligations - accrued pension liability ​ $ 5,906 ​ $ 6,839 Settlement agreement ​ ​ 50 ​ ​ 272 Microsoft licenses ​ ​ - ​ 385 ​ ​ ​ 5,956 ​ 7,496 Less: Current portion of long-term obligations ​ 877 ​ 1,279 Totals ​ $ 5,079 ​ $ 6,217

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Operating Leases
Schedule of operating lease expense recognized in financial statements	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, 2022 December 31, 2021 ​ ​ ​ ​ ​ ​ ​ Rent expense for long-term operating leases ​ $ 1,336 ​ $ 1,560 Rent expense for short-term leases ​ 502 ​ 229 Total rent expense ​ $ 1,838 ​ $ 1,789 ​
Schedule of net present value of operating lease liability	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, 2022 (in thousands): ​ ​ ​ ​ ​ Year Amount ​ ​ ​ ​ 2023 ​ $ 1,045 2024 ​ 855 2025 ​ 886 2026 ​ 921 2027 ​ ​ 905 2028 and thereafter ​ 1,553 Total lease payments ​ 6,165 Less: Interest ​ (1,436) Net present value of lease liabilities ​ $ 4,729 ​ ​ ​ ​ Current portion ​ $ 693 Long-term portion ​ 4,036 Total ​ $ 4,729 ​
Schedule of weighted average remaining lease terms and discount rates	The weighted average remaining lease terms and discount rates for all of our operating leases as of December 31, 2022 were as follows: ​ ​ ​ ​ ​ Weighted-average lease term remaining 52 months ​ Weighted-average discount rate 9.10% ​

Pension Benefits (Tables)

Pension Benefits (Tables)	12 Months Ended
	Dec. 31, 2022
Pension Benefits
Schedule of status of the non-U.S. pension benefits pertaining to benefit obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 ​ ​ ​ ​ ​ ​ ​ Projected benefit obligation at beginning of the year ​ $ 6,839 ​ $ 5,940 Service cost ​ 592 ​ 572 Interest cost ​ 352 ​ 247 Actuarial loss (gain) ​ (713) ​ 559 Foreign currency exchange rates changes ​ (862) ​ (359) Curtailment ​ (48) ​ - Benefits paid ​ (254) ​ (120) Projected benefit obligation at end of the year ​ $ 5,906 ​ $ 6,839 ​
Schedule of status of the non-U.S. pension benefits pertaining to components of net periodic pension cost	​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 ​ ​ ​ ​ ​ ​ ​ Service cost ​ $ 592 ​ $ 572 Interest cost ​ 352 ​ 247 Curtailment ​ (16) ​ - Actuarial loss recognized ​ 210 ​ 47 Net periodic pension cost ​ $ 1,138 ​ $ 866 ​
Schedule of accumulated benefit obligation	​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 ​ ​ ​ ​ ​ ​ ​ Current accrued benefit cost ​ $ 828 $ 677 Non-current accrued benefit cost ​ 5,078 6,162 Total amount recognized ​ $ 5,906 $ 6,839 ​
Schedule of actuarial assumptions for all non-U.S. plans	​ ​ ​ ​ ​ ​ ​ 2022 2021 ​ ​ ​ ​ ​ Discount rate 5.13%-20% 2.1%-12.03% Rate of increase in compensation level 7.5%-20% 7%-10% ​
Schedule of estimated future benefit payments	As of December 31, 2022, the following benefit payments, which reflect expected future service, as appropriate, were expected to be paid (in thousands): ​ ​ ​ ​ ​ Year ​ Amount ​ ​ ​ ​ 2023 ​ ​ 837 2024 ​ 114 2025 ​ 401 2026 ​ ​ 239 2027 ​ ​ 704 2028 to 2031 ​ 4,860 ​ ​ $ 7,155

Stock Options (Tables)

Stock Options (Tables)	12 Months Ended
	Dec. 31, 2022
Stock Options
Schedule of weighted average assumptions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ ​ Weighted average fair value of options granted $ 2.67 $ 3.73 ​ Risk-free interest rate ​ 1.94% - 4.09 % 0.22% - 0.82 % Expected life (years) ​ 3-6.42 ​ 3-6 ​ Expected volatility factor ​ 62%-79 % 58% - 68 % Expected dividends ​ None ​ None ​ ​
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, ​ 2022 2021 Direct operating costs ​ $ 214 ​ $ 178 Selling and adminstrative expenses ​ 3,069 ​ 1,572 Total stock-based compensation ​ $ 3,283 ​ $ 1,750 ​
Equity Plans
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, 2021 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 Granted* ​ 1,774,558 ​ ​ 4.91 ​ ​ ​ ​ ​ Exercised ​ (248,763) ​ ​ 1.34 ​ ​ ​ ​ ​ Forfeited/Expired ​ (372,201) ​ ​ 6.55 ​ ​ ​ ​ ​ Outstanding at December 31, 2022 6,690,490 ​ $ 3.09 7.19 ​ $ 5,989,709 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at December 31, 2022 4,124,775 ​ $ 1.96 6.10 ​ $ 5,533,056 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and Expected to Vest at December 31, 2022 6,690,490 ​ $ 3.09 7.19 ​ $ 5,989,709 ​
Schedule of stock-based compensation expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ Weighted - ​ Average ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ Aggregate ​ ​ Number of ​ Exercise ​ Contractual ​ Intrinsic ​ ​ Options ​ Price ​ Term (years) ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at January 1, 2021 - ​ $ - - ​ - Granted - ​ - ​ Exercised - ​ - ​ Forfeited/Expired - ​ - ​ Outstanding at December 31, 2021 - ​ $ - - ​ - Granted* 1,030,000 ​ 3.46 ​ Exercised — ​ - ​ Forfeited/Expired (2,500) ​ 3.41 ​ Outstanding at December 31, 2022 1,027,500 ​ $ 3.46 9.75 ​ $ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at December 31, 2022 18,750 ​ $ 5.40 9.52 ​ $ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Vested and Expected to Vest at December 31, 2022 1,027,500 ​ $ 3.46 9.75 ​ $ - ​ *During the year ended December 31, 2022, the Company granted 132,000 stock options to non-employee directors of the Company which vest on the first anniversary of the date of grant. In addition, during the year ended December 31, 2022 the Company granted 50,000 stock options to non-employee members of the Company’s advisory board in lieu of cash compensation. The stock options vest in 12 monthly installments from the date of grant. ​
Restricted Stock
Stock Options
Summary of restricted stock under the Company's Plan	​ ​ ​ ​ ​ ​ ​ ​ Number of Weighted-Average ​ ​ Restricted Stock ​ Grant Date Fair ​ ​ Awards ​ Value ​ ​ ​ ​ ​ ​ Outstanding January 1, 2021 ​ 50,000 ​ ​ ​ Granted ​ - ​ ​ ​ Vested ​ (25,000) ​ ​ ​ Unvested at December 31, 2021 ​ 25,000 ​ $ 1.38 Granted ​ - ​ ​ ​ Vested (25,000) ​ 1.38 Forfeited/Expired - ​ ​ Unvested at December 31, 2022 - ​ $ - ​
Restricted Stock Units
Stock Options
Summary of restricted stock under the Company's Plan	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ Number of ​ Average ​ ​ Restricted Stock ​ Grant Date ​ ​ Units ​ Fair Value ​ ​ ​ ​ ​ ​ Outstanding January 1, 2021 - ​ Granted - ​ Vested - ​ Unvested at December 31, 2021 - ​ Granted* 700,000 ​ $ 5.59 Vested - ​ Forfeited/Expired - ​ Unvested at December 31, 2022 700,000 ​ $ 5.59 ​ * 200,000 RSUs were issued under the 2013 Plan and 500,000 RSUs were issued under the 2021 Plan.

Comprehensive loss (Tables)

Comprehensive loss (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 ​ $ (858) ​ $ (353) ​ $ (981) ​ $ (2,192) Other comprehensive income (loss) before reclassifications, net of taxes ​ 561 ​ (1,118) ​ (676) ​ (1,233) Total other comprehensive loss before reclassifications, net of taxes ​ (297) ​ (1,471) ​ (1,657) ​ (3,425) Net amount reclassified to earnings ​ 211 ​ 1,106 ​ - ​ 1,317 Balance at December 31, 2022 ​ $ (86) ​ $ (365) ​ $ (1,657) ​ $ (2,108) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)

Segment reporting and concent_2

Segment reporting and concentrations (Tables)	12 Months Ended
	Dec. 31, 2022
Segment reporting and concentrations
Schedule of Segment Reporting Information, by Segment	Revenues from external customers, segment operating profit (loss), and other reportable segment information are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For The Years Ended December 31, ​ 2022 2021 Revenues: ​ ​ DDS ​ $ 56,523 ​ $ 52,569 Synodex ​ 7,105 ​ 4,163 Agility ​ 15,373 ​ 13,023 Total Consolidated ​ $ 79,001 ​ $ 69,755 Income (loss) before provision for income taxes (1) ​ ​ DDS ​ $ 1,393 ​ $ 6,311 Synodex ​ (3,213) ​ (1,797) Agility ​ (8,663) ​ (5,477) Total Consolidated ​ $ (10,483) ​ $ (963) Income (loss) before provision for income taxes (2) ​ ​ DDS ​ $ 716 ​ $ 5,947 Synodex ​ (2,599) ​ (1,526) Agility ​ (8,600) ​ (5,384) Total Consolidated ​ $ (10,483) ​ $ (963) ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 December 31, 2021 Total assets: ​ ​ DDS ​ $ 25,758 ​ $ 38,180 Synodex ​ 3,270 ​ 1,753 Agility ​ 19,014 ​ 19,284 Total Consolidated ​ $ 48,042 ​ $ 59,217 (1) Before elimination of any inter-segment profits (2) After elimination of any inter-segment profits ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 December 31, 2021 Goodwill: ​ ​ Agility ​ $ 2,038 ​ $ 2,143 Total ​ $ 2,038 ​ $ 2,143 ​ The table below shows intersegment revenues which are eliminated in consolidation (in thousands). ​ ​ ​ ​ ​ ​ ​ For The Years Ended December 31, ​ ​ 2022 2021 Revenues of DDS Segment from: Synodex 2,001 668 Agility 144 138 Totals 2,145 806 ​
Schedule of Revenue from External Customers and Long-Lived Assets	Long-lived assets as of December 31, 2022 and 2021 by geographic region were comprised of (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 United States ​ $ 7,205 ​ $ 4,578 Foreign countries: ​ ​ ​ ​ Canada ​ 7,675 ​ 9,280 United Kingdom ​ 1,198 ​ 1,538 Philippines ​ 3,682 ​ 4,027 India ​ 1,195 ​ 1,481 Sri Lanka ​ 426 ​ 154 Israel ​ 3 ​ - Total foreign ​ 14,179 ​ 16,480 Totals ​ $ 21,384 ​ $ 21,058 ​
Schedule of Revenue from External Customers based on Client domicile	Revenues for each of the two years in the period ended December 31, 2022 and 2021 by geographic region (determined based upon customer domicile), were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 United States ​ $ 48,724 ​ $ 38,164 United Kingdom ​ 10,901 ​ 11,588 The Netherlands ​ 6,829 ​ 6,547 Canada ​ 5,508 ​ 6,190 Others - principally Europe ​ 7,039 ​ 7,266 Totals ​ $ 79,001 ​ $ 69,755 ​

Loss per Share (Tables)

Loss per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Loss per Share
Schedule of earnings per share, basic and diluted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended ​ ​ December 31, ​ 2022 2021 Net loss attributable to Innodata Inc. and Subsidiaries ​ $ (11,935) $ (1,673) Weighted average common shares outstanding ​ 27,278 ​ 26,630 Dilutive effect of outstanding options ​ - ​ ​ - Adjusted for dilutive computation ​ 27,278 ​ 26,630 ​

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance Sheet Location Fair Value ​ ​ ​ ​ 2022 ​ 2021 Derivatives designated as hedging instruments: ​ ​ Foreign currency forward contracts ​ Accrued expenses ​ $ 365 ​ $ 353 ​
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, 2022 and 2021 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 2021 Loss recognized in OCI (1) ​ $ (1,118) ​ $ (458) Loss reclassified from accumulated OCI into income (2) ​ $ (1,106) ​ $ (105) 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.

Short Term Investments - other

Short Term Investments - other (Tables)	12 Months Ended
	Dec. 31, 2022
Short Term Investments - other
Schedule of other short term investments	​ ​ ​ ​ ​ ​ ​ ​ ​ For The Years Ended December 31, ​ ​ 2022 2021 ​ ​ ​ ​ ​ ​ ​ Treasury bills ​ $ 494 ​ $ - Certificate of deposits ​ 13 ​ - ​ ​ ​ ​ ​ ​ ​ Total Consolidated ​ $ 507 ​ $ -

Description of Business and S_4

Description of Business and Summary of Significant Accounting Estimates and Policies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Description of Business and Summary of Significant Accounting Estimates and Policies
Amortization period	12 months
Foreign Currency Transaction Gain (Loss), before Tax	$ 1,300	$ 500
Outstanding foreign currency forward contracts	14,200	19,700
Cash and cash equivalents	9,792	18,902
Cost	20,555	21,917
Deferred revenue	4,400	4,500
Capitalized software development
Description of Business and Summary of Significant Accounting Estimates and Policies
Cost	11,300	8,600
In process research and development
Description of Business and Summary of Significant Accounting Estimates and Policies
Cost	$ 2,800	$ 600
Minimum
Description of Business and Summary of Significant Accounting Estimates and Policies
Property and equipment useful lives	2 years
Estimated useful life of intangibles	10 years
Minimum | In process research and development
Description of Business and Summary of Significant Accounting Estimates and Policies
Estimated useful lives	three
Maximum
Description of Business and Summary of Significant Accounting Estimates and Policies
Property and equipment useful lives	10 years
Estimated useful life of intangibles	12 years
Maximum | In process research and development
Description of Business and Summary of Significant Accounting Estimates and Policies
Estimated useful lives	P10Y
Asia
Description of Business and Summary of Significant Accounting Estimates and Policies
Cash and cash equivalents	$ 3,600
United States
Description of Business and Summary of Significant Accounting Estimates and Policies
Cash and cash equivalents	6,200
Shor term Investments	$ 500

Description of Business and S_5

Description of Business and Summary of Significant Accounting Estimates and Policies - Stock-based compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Description of Business and Summary of Significant Accounting Estimates and Policies
Direct operating costs	$ 214	$ 178
Selling and adminstrative expenses	3,069	1,572
Total stock-based compensation	$ 3,283	$ 1,750

Property and equipment - Proper

Property and equipment - Property and equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property and equipment
Total	$ 20,555	$ 21,917
Less: accumulated depreciation and amortization	(18,044)	(18,970)
Net Total	2,511	2,947
Equipment
Property and equipment
Total	12,391	12,834
Computer software
Property and equipment
Total	4,447	4,399
Furniture and equipment
Property and equipment
Total	1,163	1,397
Leasehold improvements
Property and equipment
Total	$ 2,554	$ 3,287

Property and equipment - Additi

Property and equipment - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property and equipment
Depreciation expense	$ 3,889	$ 2,869
Property and equipment
Property and equipment
Depreciation expense	$ 1,200	$ 900
Property and equipment | Minimum
Property and equipment
Estimated useful lives	P2Y
Property and equipment | Maximum
Property and equipment
Estimated useful lives	P10Y

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Carrying Amount of Goodwill (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets
Balance at the beginning	$ 2,143
Foreign currency translation adjustment	(105)
Balance at the end	$ 2,038

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, 2022	Dec. 31, 2021	Dec. 31, 2022
Gross carrying amounts:
Balance at the beginning	$ 19,181	$ 16,867	$ 16,867
Additions	$ 5,421	2,381
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]	Net carrying values
Foreign currency translation adjustment	$ (1,031)	(67)
Balance at the end	23,571	19,181	23,571
Accumulated amortization:
Balance at the beginning	8,834	6,836	6,836
Amortization expense	2,728	2,006
Foreign currency translation adjustment	(517)	(8)
Balance at the end	11,045	8,834	11,045
Net carrying values	12,526	10,347	12,526
Developed technology
Gross carrying amounts:
Balance at the beginning	3,169	3,175	3,175
Foreign currency translation adjustment	(171)	(6)
Balance at the end	2,998	3,169	2,998
Accumulated amortization:
Balance at the beginning	2,158	1,844	1,844
Amortization expense	310	315
Foreign currency translation adjustment	(128)	(1)
Balance at the end	2,340	2,158	2,340
Net carrying values	658	1,011	658
Customer relationships
Gross carrying amounts:
Balance at the beginning	2,228	2,228	2,228
Foreign currency translation adjustment	(132)
Balance at the end	2,096	2,228	2,096
Accumulated amortization:
Balance at the beginning	1,377	1,192	1,192
Amortization expense	183	187
Foreign currency translation adjustment	(90)	(2)
Balance at the end	1,470	1,377	1,470
Net carrying values	626	851	626
Trademarks and tradenames
Gross carrying amounts:
Balance at the beginning	880	882	882
Foreign currency translation adjustment	(28)	(2)
Balance at the end	852	880	852
Accumulated amortization:
Balance at the beginning	685	629	629
Amortization expense	55	56
Foreign currency translation adjustment	(20)
Balance at the end	720	685	720
Net carrying values	132	195	132
Patents
Gross carrying amounts:
Balance at the beginning	45	45	45
Foreign currency translation adjustment	(2)
Balance at the end	43	45	43
Accumulated amortization:
Balance at the beginning	34	29	29
Amortization expense	4	5
Foreign currency translation adjustment	(3)
Balance at the end	35	34	35
Net carrying values	8	11	8
Media Contact Database
Gross carrying amounts:
Balance at the beginning	3,648	3,670	3,670
Foreign currency translation adjustment	(156)	(22)
Balance at the end	3,492	3,648	3,492
Accumulated amortization:
Balance at the beginning	2,005	1,650	1,650
Amortization expense	353	354
Foreign currency translation adjustment	(88)	1
Balance at the end	2,270	2,005	2,270
Net carrying values	1,222	1,643	1,222
Capitalized developed software
Accumulated amortization:
Amortization expense	1,800	1,100
Capitalized Developed Software
Gross carrying amounts:
Balance at the beginning	8,576	5,507	5,507
Additions		376
Transfers	3,269	2,752
Foreign currency translation adjustment	(536)	(59)
Balance at the end	11,309	8,576	11,309
Accumulated amortization:
Balance at the beginning	2,575	1,492	1,492
Amortization expense	1,823	1,089
Foreign currency translation adjustment	(188)	(6)
Balance at the end	4,210	2,575	4,210
Net carrying values	7,099	6,001	7,099
Capitalized Developed Software - in Progress
Gross carrying amounts:
Balance at the beginning	635	1,360	1,360
Additions	5,421	2,005
Transfers	(3,269)	(2,752)
Foreign currency translation adjustment	(6)	22
Balance at the end	2,781	635	2,781
Accumulated amortization:
Net carrying values	$ 2,781	$ 635	$ 2,781

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Estimated Amortization Expense (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets
2023	$ 3,994
2024	3,555
2025	2,614
2026	825
2027	460
Thereafter	1,078
Finite-Lived Intangible Assets, Net	$ 12,526

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands		12 Months Ended		24 Months Ended
	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022
Goodwill and Intangible Assets
Impairment of intangible assets finite lived	$ 0
Impairment of Goodwill		$ 2
Amortization expense		2,728	$ 2,006
Computer Software, Intangible Asset [Member]
Goodwill and Intangible Assets
Amortization expense		$ 1,800	$ 1,100
Intangible Assets, Amortization Period
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, 2022	Dec. 31, 2021
Current income tax expense:
Foreign	$ 1,131	$ 728
Federal	144	5
State and local	30	21
Current income tax expense (benefit)	1,305	754
Deferred income tax expense (benefit):
Foreign	207	126
Federal	10	(38)
Deferred income tax expense (benefit)	217	88
Provision for income taxes	$ 1,522	$ 842

Income Taxes - Tax Rate Reconci

Income Taxes - Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Taxes
Federal income tax expense at statutory rate	(21.00%)	(21.00%)
Effect of:
Change in valuation allowance	36.90%	186.10%
Tax effects of foreign operations	2.50%	2%
Foreign operations permanent difference - foreign exchange gains and losses	1.10%	9.50%
Increase in unrecognized tax benefits (ASC 740)	0.70%	(22.80%)
State income tax net of federal benefit	0.20%	1.90%
Return to provision true up	0.30%	(2.30%)
Change in tax rates		12.20%
Effect of stock based compensation	(0.30%)	(72.10%)
Deemed interest	(1.90%)	(1.40%)
Foreign rate differential	(4.70%)	(31.80%)
Other	0.70%	(2.80%)
Effective tax rate	14.50%	87.40%
Tax effects of foreign operations - permanent FX gains and losses	0%	29.90%

Income Taxes - Deferred tax ass

Income Taxes - Deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred income tax assets:
Allowances not currently deductible	$ 301	$ 183
Depreciation and amortization	9	308
Equity compensation not currently deductible	1,579	831
Net operating loss carryforwards	10,758	7,741
Expenses not deductible until paid	1,694	1,829
Other	142	153
Total gross deferred income tax assets before valuation allowance	14,483	11,045
Valuation allowance	(13,008)	(9,095)
Deferred income tax assets, net	1,475	1,950
Deferred income tax liabilities:
Other	(65)	(15)
Total deferred income tax liabilities	(65)	(15)
Net deferred income tax assets	1,410	1,935
Net deferred income tax assets	1,475	1,950
Net deferred income tax liability	(65)	(15)
Net deferred income tax assets	$ 1,410	$ 1,935

Income Taxes - United States an

Income Taxes - United States and foreign components of income (loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Taxes
United States	$ (4,023)	$ (261)
Foreign	(6,460)	(702)
Loss before provision for income taxes	$ (10,483)	$ (963)

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Taxes
Balance at the beginning	$ 1,753	$ 3,231
Increase for current period tax positions	311	156
Decrease for prior period tax positions	(290)	(1,713)
Interest accrual	67	111
Foreign currency remeasurement	(161)	(32)
Balance at the end	$ 1,680	$ 1,753

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	1 Months Ended		12 Months Ended
	Oct. 31, 2016	Sep. 30, 2015	Dec. 31, 2022	Dec. 31, 2021
Income Taxes
Subsidiary Revenue		$ 57,000,000
Reversal of Service Tax Refund	$ 121,000
Service Tax Credit Receivable	$ 800,000
Deferred Tax Assets, Valuation Allowance			$ 13,008,000	$ 9,095,000
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount			3,900,000	$ 1,200,000
Unremitted Earnings of Foreign Subsidiaries			50,900,000
Canadian Subsidiaries [Member]
Income Taxes
NOL carryforwards			28,300,000
German and the United Kingdom subsidiaries
Income Taxes
NOL carryforwards			2,200,000
Domestic Tax Authority [Member]
Income Taxes
NOL carryforwards			$ 20,500,000
Maximum
Income Taxes
Percentage for Subsidiary Service Tax		15%
Minimum
Income Taxes
Percentage for Subsidiary Service Tax		12.36%

Long-term obligations (Details)

Long-term obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Pension obligations
Pension obligations - accrued pension liability	$ 5,906	$ 6,839
Settlement agreement	50	272
Microsoft licenses		385
Long-term Debt	5,956	7,496
Less: Current portion of long-term obligations	877	1,279
Totals	$ 5,079	$ 6,217

Commitments and Contingencies (

Commitments and Contingencies (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Commitments and Contingencies
Estimated litigation liability	$ 5,900,000
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	$ 450,000

Operating Leases - Financial st

Operating Leases - Financial statements related to operating leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating Leases
Total rent expense	$ 1,838	$ 1,789
Long-term operating leases
Operating Leases
Total rent expense	1,336	1,560
Short-term leases
Operating Leases
Total rent expense	$ 502	$ 229

Operating Leases - Net present

Operating Leases - Net present value of the operating lease liability (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Operating Leases
2023	$ 1,045
2024	855
2025	886
2026	921
2027	905
2027 and thereafter	1,553
Total lease payments	6,165
Less: Interest	(1,436)
Net present value of lease liabilities	4,729
Current portion	693	$ 1,034
Long-term portion	4,036	$ 5,276
Total	$ 4,729

Operating Leases - Weighted ave

Operating Leases - Weighted average remaining lease terms (Details)	Dec. 31, 2022
Operating Leases
Weighted-average lease term remaining	52 months
Weighted-average discount rate	9.10%

Operating Leases - Additional I

Operating Leases - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022
Minimum
Lease agreements term	2 years
Percentage of rental escalations	1.75%
Maximum
Lease agreements term	11 years
Percentage of rental escalations	10%

Pension Benefits - Benefit Obli

Pension Benefits - Benefit Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Pension Benefits
Projected benefit obligation at beginning of the year	$ 6,839	$ 5,940
Service cost	592	572
Interest cost	$ 352	$ 247
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Income (Expense), Nonoperating, Net	Interest Income (Expense), Nonoperating, Net
Actuarial loss (gain)	$ (713)	$ 559
Foreign currency exchange rates changes	(862)	(359)
Curtailment	(48)
Benefits paid	(254)	(120)
Projected benefit obligation at end of the year	$ 5,906	$ 6,839

Pension Benefits - Components o

Pension Benefits - Components of Net Periodic Pension Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Pension Benefits
Service cost	$ 592	$ 572
Interest cost	352	247
Curtailment	(16)	0
Actuarial gain (loss) recognized	$ 210	$ 47
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Immediate Recognition of Actuarial Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net Of Tax	Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net Of Tax
Net periodic pension cost	$ 1,138	$ 866

Pension Benefits - Recognized i

Pension Benefits - Recognized in balance sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Pension Benefits
Current accrued benefit cost	$ 828	$ 677
Non-current accrued benefit cost	5,078	6,162
Total amount recognized	$ 5,906	$ 6,839

Pension Benefits - Actuarial as

Pension Benefits - Actuarial assumptions (Details)	Dec. 31, 2022	Dec. 31, 2021
Minimum
Pension Benefits
Discount rate	5.13%	2.10%
Rate of increase in compensation level	7.50%	7%
Maximum
Pension Benefits
Discount rate	20%	12.03%
Rate of increase in compensation level	20%	10%

Pension Benefits - Estimated fu

Pension Benefits - Estimated future benefit payments (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Pension Benefits
2022	$ 837
2023	114
2024	401
2025	239
2027	704
2030 to 2031	4,860
Total	$ 7,155

Pension Benefits - Additional I

Pension Benefits - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Pension Benefits
Period of service to become eligible	6 months
Accumulated benefit obligation	$ 3.2	$ 3.7
Subsidiaries
Pension Benefits
Pension expense	$ 1.1	$ 0.9

Capital Stock (Details)

Capital Stock (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) Vote / shares $ / shares shares	Dec. 31, 2021 shares	Jul. 31, 2019 USD ($)
Capital Stock
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 reserved available for future issuance	3,496,297
Treasury Stock
Capital Stock
Shares authorized to repurchase | $			$ 2
Purchase of treasury stock (in shares)	0	0
Treasury Stock, common value | $	$ 1.8
Treasury Stock | July 2019
Capital Stock
Shares authorized to repurchase | $	$ 1.5

Stock Options - Summary of Stoc

Stock Options - Summary of Stock Option Activity (Details) - USD ($)		12 Months Ended
	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award
Stock options vesting period		12 months
2021 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of options, granted (in shares)		1,030,000
Number of Options, Forfeited/Expired (in shares)		(2,500)
Number of Options, Outstanding - Ending balance (in shares)		1,027,500
Number of Options Exercisable (in shares)		18,750
Number of Options, Vested and Expected to Vest (in shares)		1,027,500
Weighted Average Exercise Price Granted (in dollars per shares)		$ 3.46
Weighted Average Exercise Price Forfeited/Expired (in dollars per shares)		3.41
Weighted Average Exercise Price Outstanding (in dollars per shares)		3.46
Weighted Average Exercise Price Exercisable (in dollars per shares)		5.40
Weighted Average Exercise Price Vested and Expected to Vest (in dollars per shares)		$ 3.46
Weighted Average Remaining Contractual Term Outstanding (in years)		9 years 9 months
Weighted Average Remaining Contractual Term Exercisable (in years)		9 years 6 months 7 days
Weighted Average Remaining Contractual Term Vested and Expected to Vest (in years)		9 years 9 months
Non employee director | 2013 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of options, granted (in shares)		110,000
Non employee director | 2021 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of options, granted (in shares)		132,000
Non employee member
Share-based Compensation Arrangement by Share-based Payment Award
Number of options, granted (in shares)		50,000
Employee stock option | 2013 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of Options, Outstanding - Beginning balance (in shares)		5,536,896	5,906,884
Number of options, granted (in shares)		1,774,558	1,226,300
Number of Options, Exercised (in shares)		(248,763)	(1,556,288)
Number of Options, Forfeited/Expired (in shares)		(372,201)	(40,000)
Number of Options, Outstanding - Ending balance (in shares)	5,906,884	6,690,490	5,536,896
Number of Options Exercisable (in shares)		4,124,775
Number of Options, Vested and Expected to Vest (in shares)		6,690,490
Weighted Average Exercise Price Outstanding (in dollars per shares)		$ 2.66	$ 1.61
Weighted Average Exercise Price Granted (in dollars per shares)		4.91	6.84
Weighted Average Exercise Price Exercised (in dollars per shares)		1.34	2.01
Weighted Average Exercise Price Forfeited/Expired (in dollars per shares)		6.55	1.41
Weighted Average Exercise Price Outstanding (in dollars per shares)	$ 1.61	3.09	$ 2.66
Weighted Average Exercise Price Exercisable (in dollars per shares)		1.96
Weighted Average Exercise Price Vested and Expected to Vest (in dollars per shares)		$ 3.09
Weighted Average Remaining Contractual Term Outstanding (in years)	6 years 10 months 9 days	7 years 2 months 8 days	7 years 6 months 7 days
Weighted Average Remaining Contractual Term Exercisable (in years)		6 years 1 month 6 days
Weighted Average Remaining Contractual Term Vested and Expected to Vest (in years)		7 years 2 months 8 days
Aggregate Intrinsic Value, Outstanding	$ 89,405	$ 5,989,709	$ 19,154,463
Aggregate Intrinsic Value, Exercisable		5,533,056
Aggregate Intrinsic Value, Vested and Expected to Vest		$ 5,989,709

Stock Options - Weighted Averag

Stock Options - Weighted Average Fair Values and Assumptions (Details) - Employee stock option - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award
Weighted average fair value of options granted (in dollars per share)	$ 2.67	$ 3.73
Expected dividends	0%	0%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Risk-free interest rate	1.94%	0.22%
Expected life (years)	3 years	3 years
Expected volatility factor	62%	58%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Risk-free interest rate	4.09%	0.82%
Expected life (years)	6 years 5 months 1 day	6 years
Expected volatility factor	79%	68%

Stock Options - Summary of st_2

Stock Options - Summary of stock option and Restricted Stock option activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award
Weighted-Average Grant Date Fair Value, Outstanding	$ 1.38
Weighted-Average Grant Date Fair Value, Granted	5.59
Weighted-Average Grant Date Fair Value, Vested	1.38
Weighted-Average Grant Date Fair Value, Outstanding	$ 5.59	$ 1.38
2013 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares, granted	200,000
Number of RSUs issued	200,000
2021 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares, granted	500,000
Number of RSUs issued	500,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award
Number of Shares, Outstanding at Beginning of the year	25,000	50,000
Number of shares, granted	700,000
Number of Shares, Vested	(25,000)	(25,000)
Number of Shares, Unvested at End of the year		25,000
Number of RSUs issued	700,000
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares, granted	700,000	0
Number of Shares, Unvested at End of the year	700,000
Number of RSUs issued	700,000	0

Stock Options - Additional Info

Stock Options - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Jun. 08, 2021	Jun. 07, 2016
Share-based Compensation Arrangement by Share-based Payment Award
Stock options vesting period	12 months
Share-based Payment Arrangement, Option And Stock Appreciation Rights (SARs)
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares counted against share reserve for each share granted				1
Number of shares added back to share reserve				1
Number of shares added back to share reserve, withheld, tendered, Exchanged				1
Share-based Payment Arrangement, Option And Stock Appreciation Rights (SARs)
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares counted against share reserve for each share granted				2
Number of shares added back to share reserve				2
Number of shares added back to share reserve, withheld, tendered, Exchanged				2
Employee stock option
Share-based Compensation Arrangement by Share-based Payment Award
Compensation cost related to non-vested stock options and restricted stock awards not yet recognized	$ 7.4
Weighted-average period over which compensation cost recognized	19 months
Grant date fair value	$ 2.67	$ 3.73
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares eligible to receive for each fully vested RSU	1
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares, granted	700,000	0
Employee stock option
Share-based Compensation Arrangement by Share-based Payment Award
Weighted-average period over which compensation cost recognized	25 months
Employee stock option | Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award
Compensation cost related to non-vested stock options and restricted stock awards not yet recognized	$ 2,900
2013 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares, granted	200,000
Share-based compensation arrangement by share-based payment award, number of shares authorized			4,000,000	5,858,892
2013 Stock Plan | Employee stock option
Share-based Compensation Arrangement by Share-based Payment Award
Number of options, granted (in shares)	1,774,558	1,226,300
Exercise price of stock options granted	$ 4.91	$ 6.84
2021 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares, granted	500,000
Number of options, granted (in shares)	1,030,000
Exercise price of stock options granted	$ 3.46
Non employee director | 2013 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of options, granted (in shares)	110,000
Non employee director | 2021 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of options, granted (in shares)	132,000

Comprehensive loss - Reclassifi

Comprehensive loss - Reclassifications out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Comprehensive loss
Balance at the beginning	$ 29,927	$ 29,640
Balance at the end	18,773	29,927
Accumulated Other Comprehensive Loss
Comprehensive loss
Balance at the beginning	(2,192)	(938)
Other comprehensive income (loss) before reclassifications, net of taxes	(1,233)	(1,402)
Total other comprehensive loss before reclassifications, net of taxes	(3,425)	(2,340)
Net amount reclassified to earnings	1,317	148
Balance at the end	(2,108)	(2,192)
Pension Liability Adjustment
Comprehensive loss
Balance at the beginning	(858)	(444)
Other comprehensive income (loss) before reclassifications, net of taxes	561	(457)
Total other comprehensive loss before reclassifications, net of taxes	(297)	(901)
Net amount reclassified to earnings	211	43
Balance at the end	(86)	(858)
Fair Value of Derivatives
Comprehensive loss
Balance at the beginning	(353)
Other comprehensive income (loss) before reclassifications, net of taxes	(1,118)	(458)
Total other comprehensive loss before reclassifications, net of taxes	(1,471)	(458)
Net amount reclassified to earnings	1,106	105
Balance at the end	(365)	(353)
Foreign Currency Translation Adjustment
Comprehensive loss
Balance at the beginning	(981)	(494)
Other comprehensive income (loss) before reclassifications, net of taxes	(676)	(487)
Total other comprehensive loss before reclassifications, net of taxes	(1,657)	(981)
Balance at the end	$ (1,657)	$ (981)

Segment reporting and concent_3

Segment reporting and concentrations (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Segment reporting information
Revenues		$ 79,001	$ 69,755
Income (loss) before provision for income taxes		(10,483)	(963)
Total assets		48,042	59,217
Goodwill		2,038	2,143
Intersegment eliminations
Segment reporting information
Revenues		2,145	806
Before intersegment eliminations
Segment reporting information
Income (loss) before provision for income taxes	[1]	(10,483)	(963)
After intersegment eliminations
Segment reporting information
Income (loss) before provision for income taxes	[2]	(10,483)	(963)
DDS
Segment reporting information
Revenues		56,523	52,569
Total assets		25,758	38,180
DDS | Before intersegment eliminations
Segment reporting information
Income (loss) before provision for income taxes	[1]	1,393	6,311
DDS | After intersegment eliminations
Segment reporting information
Income (loss) before provision for income taxes	[2]	716	5,947
Synodex
Segment reporting information
Revenues		7,105	4,163
Total assets		3,270	1,753
Synodex | Intersegment eliminations
Segment reporting information
Revenues		2,001	668
Synodex | Before intersegment eliminations
Segment reporting information
Income (loss) before provision for income taxes	[1]	(3,213)	(1,797)
Synodex | After intersegment eliminations
Segment reporting information
Income (loss) before provision for income taxes	[2]	(2,599)	(1,526)
Agility
Segment reporting information
Revenues		15,373	13,023
Total assets		19,014	19,284
Goodwill		2,038	2,143
Agility | Intersegment eliminations
Segment reporting information
Revenues		144	138
Agility | Before intersegment eliminations
Segment reporting information
Income (loss) before provision for income taxes	[1]	(8,663)	(5,477)
Agility | After intersegment eliminations
Segment reporting information
Income (loss) before provision for income taxes	[2]	$ (8,600)	$ (5,384)
[1] Before elimination of any inter-segment profits December 31, 2022

Segment reporting and concent_4

Segment reporting and concentrations - Long-lived assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Revenues from external customers and long-lived assets
Long - lived assets	$ 21,384	$ 21,058
Right-of-use-asset, net	4,309	5,621
United States
Revenues from external customers and long-lived assets
Long - lived assets	7,205	4,578
Canada
Revenues from external customers and long-lived assets
Long - lived assets	7,675	9,280
United Kingdom
Revenues from external customers and long-lived assets
Long - lived assets	1,198	1,538
Philippines
Revenues from external customers and long-lived assets
Long - lived assets	3,682	4,027
India
Revenues from external customers and long-lived assets
Long - lived assets	1,195	1,481
Sri Lanka
Revenues from external customers and long-lived assets
Long - lived assets	426	154
Israel
Revenues from external customers and long-lived assets
Long - lived assets	3
Total foreign
Revenues from external customers and long-lived assets
Long - lived assets	$ 14,179	$ 16,480

Segment reporting and concent_5

Segment reporting and concentrations - Revenues by geographic region (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Segment reporting information
Revenues	$ 79,001	$ 69,755
United States
Segment reporting information
Revenues	48,724	38,164
United Kingdom
Segment reporting information
Revenues	10,901	11,588
The Netherlands
Segment reporting information
Revenues	6,829	6,547
Canada
Segment reporting information
Revenues	5,508	6,190
Others - principally Europe
Segment reporting information
Revenues	$ 7,039	$ 7,266

Segment reporting and concent_6

Segment reporting and concentrations - Additional information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) customer client segment	Dec. 31, 2021 USD ($)
Segment reporting information
Number of reportable segments | segment	3
Right-of-use-asset, net | $	$ 4,309	$ 5,621
Classification of segment assets | $	$ 48,042	$ 59,217
Sales revenue,net | Customer concentration risk | Non-US
Segment reporting information
Concentration risk, percentage	38%	45%
Foreign customer | Accounts receivable | Customer concentration risk
Segment reporting information
Concentration risk, percentage	44%	37%
One client | Sales revenue,net | Customer concentration risk
Segment reporting information
Number of clients	1
Concentration risk, percentage	11%
One client | Accounts receivable | Customer concentration risk
Segment reporting information
Concentration risk, percentage		19%
Another client | Sales revenue,net | Customer concentration risk
Segment reporting information
Concentration risk, percentage		11%
Three clients | Sales revenue,net | Customer concentration risk
Segment reporting information
Number of clients	0
Three clients | Accounts receivable | Customer concentration risk
Segment reporting information
Number of clients | client	1
Four clients | Accounts receivable | Customer concentration risk
Segment reporting information
Concentration risk, percentage	45%
Client | Accounts receivable | Customer concentration risk
Segment reporting information
Number of clients	0
Client | Minimum | Sales revenue,net | Customer concentration risk
Segment reporting information
Concentration risk, percentage	10%
Client | Minimum | Accounts receivable | Customer concentration risk
Segment reporting information
Concentration risk, percentage	10%

Loss per Share (Details)

Loss per Share (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loss per Share
Net Loss attributable to Innodata Inc. and Subsidiaries	$ (11,935)	$ (1,673)
Weighted average common shares outstanding	27,278	26,630
Adjusted for dilutive computation	27,278	26,630

Loss per Share - Additional inf

Loss per Share - Additional information (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Employee stock option
Antidilutive Securities Excluded from Computation of Earnings Per Share
Computation of diluted loss per share	5.3	5.5

Derivatives - Additional Inform

Derivatives - Additional Information (Details) $ in Millions	Dec. 31, 2022 USD ($)
Derivatives
Derivative notional amount	$ 14.2

Derivatives - Fair value of der

Derivatives - Fair value of derivative instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accrued expenses | Foreign currency forward contracts | Designated as hedging instrument
Derivatives, Fair Value
Derivatives designated as hedging instruments	$ 365	$ 353

Derivatives - Contracts designa

Derivatives - Contracts designated as cash flow hedges (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Derivatives
Loss recognized in OCI	[1]	$ (1,118)	$ (458)
Loss reclassified from accumulated OCI into income	[2]	$ (1,106)	$ (105)
[1] Net change in fair value of the effective portion classified into other comprehensive income (“OCI”). Effective portion classified within direct operating costs.

Redemption of non-controlling_2

Redemption of non-controlling interest (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Redemption of non-controlling interest
Non-controlling interests	$ (727)	$ (3,522)
Innodata Synodex, LLC | Additional Paid-in Capital
Redemption of non-controlling interest
Non-controlling interests	$ 2,900

Short Term Investments - othe_2

Short Term Investments - other (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Short Term Investments - other
Treasury bills	$ 494
Certificate of deposits	13
Total Consolidated	$ 507

Stock Options and - Subsequent

Stock Options and - Subsequent Event (Details) $ in Millions	Dec. 31, 2022 USD ($)
Employee Stock Option [Member]
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Outstanding, Intrinsic Value	$ 7.4