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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
SCHEDULE OF PROVISION FOR INCOME TAXES | The Company is subject to taxation in the U.S., New Jersey, Tennessee, and various other states. The Company’s income tax provision consists of the following for the years ended December 31, 2024 and 2023: SCHEDULE OF PROVISION FOR INCOME TAXES
|  | 2024 |  |  | 2023 |
|  | December 31, |
|  | 2024 |  |  | 2023 |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | 46,000 |  |  | $ | - |
State |  |  | 115,000 |  |  |  | 701,000 |
Total current |  | $ | 161,000 |  |  | $ | 701,000 |
Deferred: |  |  |  |  |  |  |  |
Federal |  | $ | - |  |  | $ | - |
State |  |  | - |  |  |  | - |
Total deferred |  |  | - |  |  |  | - |
Income tax provision |  | $ | 161,000 |  |  | $ | 701,000 |
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES | A reconciliation of income taxes computed by applying the statutory U.S. income tax rate to the Company’s loss before income tax provision to the income tax provision is as follows: SCHEDULE OF INCOME TAX PROVISION
|  | 2024 |  |  | 2023 |
|  | December 31, |
|  | 2024 |  |  | 2023 |
U.S. federal statutory tax rate |  |  | 21.00 | % |  |  | 21.00 | %
State tax benefit, net |  |  | (2.49 | )% |  |  | 0.77 | %
Rate change |  |  | 1.87 | % |  |  | (8.02 | )%
Employee stock-based compensation |  |  | (8.61 | )% |  |  | 19.93 | %
Excess Employee remuneration |  |  | (5.95 | )% |  |  | (30.83 | )%
Melt loan settlement |  |  | - | % |  |  | (4.52 | )%
Other |  |  | 1.71 | % |  |  | 2.97 | %
Uncertain tax positions |  |  | 0.09 | % |  |  | (11.71 | )%
Research and development tax credit |  |  | 2.66 | % |  |  | 0.53 | %
Provision-to-return true-ups |  |  | (0.75 | )% |  |  | 1.72 | %
Other true-ups |  |  | (1.87 | )% |  |  | (0.43 | )%
Total |  |  | 7.66 | % |  |  | (8.59 | )%
Change in valuation allowance |  |  | (8.59 | )% |  |  | 5.71 | %
Effective income tax rate |  |  | (0.93 | )% |  |  | (2.88 | )%
Deferred tax assets and liabilities reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets are as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES
|  | 2024 |  |  | 2023 |
|  | December 31, |
|  | 2024 |  |  | 2023 |
Deferred tax assets (liabilities): |  |  |  |  |  |  |  |
NOL |  | $ | 2,448,000 |  |  | $ | 4,669,000 |
Depreciation and amortization |  |  | 1,753,000 |  |  |  | 1,637,000 |
Other |  |  | 443,000 |  |  |  | 854,000 |
Research and development credits |  |  | 655,000 |  |  |  | 220,000 |
Deferred stock compensation |  |  | 1,523,000 |  |  |  | 1,059,000 |
Basis difference in Eton |  |  | - |  |  |  | (583,000 | )
Basis difference in Melt investments |  |  | 3,620,000 |  |  |  | 3,405,000 |
Federal benefit of state ASC740-10 reserves |  |  | 104,000 |  |  |  | 88,000 |
Limitation Under 163(j) |  |  | 4,605,000 |  |  |  | 2,893,000 |
Section 174 capitalized expenses |  |  | 2,276,000 |  |  |  | 1,261,000 |
ASC 842 lease liability |  |  | 2,304,000 |  |  |  | 1,710,000 |
ASC 842 ROU asset |  |  | (2,121,000 | ) |  |  | (1,582,000 | )
Total deferred tax assets, net |  |  | 17,610,000 |  |  |  | 15,631,000 |
Valuation allowance |  |  | (17,610,000 | ) |  |  | (15,631,000 | )
Net deferred tax assets |  | $ | - |  |  | $ | - |
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES | Deferred tax assets and liabilities reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets are as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES
|  | 2024 |  |  | 2023 |
|  | December 31, |
|  | 2024 |  |  | 2023 |
Deferred tax assets (liabilities): |  |  |  |  |  |  |  |
NOL |  | $ | 2,448,000 |  |  | $ | 4,669,000 |
Depreciation and amortization |  |  | 1,753,000 |  |  |  | 1,637,000 |
Other |  |  | 443,000 |  |  |  | 854,000 |
Research and development credits |  |  | 655,000 |  |  |  | 220,000 |
Deferred stock compensation |  |  | 1,523,000 |  |  |  | 1,059,000 |
Basis difference in Eton |  |  | - |  |  |  | (583,000 | )
Basis difference in Melt investments |  |  | 3,620,000 |  |  |  | 3,405,000 |
Federal benefit of state ASC740-10 reserves |  |  | 104,000 |  |  |  | 88,000 |
Limitation Under 163(j) |  |  | 4,605,000 |  |  |  | 2,893,000 |
Section 174 capitalized expenses |  |  | 2,276,000 |  |  |  | 1,261,000 |
ASC 842 lease liability |  |  | 2,304,000 |  |  |  | 1,710,000 |
ASC 842 ROU asset |  |  | (2,121,000 | ) |  |  | (1,582,000 | )
Total deferred tax assets, net |  |  | 17,610,000 |  |  |  | 15,631,000 |
Valuation allowance |  |  | (17,610,000 | ) |  |  | (15,631,000 | )
Net deferred tax assets |  | $ | - |  |  | $ | - |
SCHEDULE OF UNRECOGNIZED TAX BENEFITS | A reconciliation of the change in the unrecognized tax benefits balance for the years ended December 31, 2024 and 2023 is as follows: SCHEDULE OF UNRECOGNIZED TAX BENEFITS
|  | Federal & State Tax |
Balance at January 1, 2024 |  | $ | 2,822,000 |
Additions for tax positions related to current year |  |  | 5,000 |
Additions/(reductions) for tax positions related to prior years |  |  | 32,000 |
Balance at December 31, 2024 |  | $ | 2,858,000 |
|  | Federal & State Tax |
Balance at January 1, 2023 |  | $ | - |
Additions for tax positions related to current year |  |  | 36,000 |
Additions/(reductions) for tax positions related to prior years |  |  | 2,786,000 |
Balance at December 31, 2023 |  | $ | 2,822,000 |

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