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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

SCHEDULE OF INCOME TAX EXPENSE

Income tax expense differs from the statutory amounts for each of the following years (in thousands):

 SCHEDULE OF INCOME TAX EXPENSE

		2022				2021
		For the year ended December 31,
		2022				2021
Income taxes at U.S. statutory rate		$	(8,336	)		$	(17,836	)
Current year reserve			9,539				12,539
Expenses not deductible			(1,203	)			5,297
Total tax expense		$	—			$	—

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

Deferred taxes are provided for the temporary differences between the financial reporting bases and the tax bases of the Company’s assets and liabilities. The temporary differences that give rise to deferred tax assets and liabilities were as follows (in thousands):

 SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

		2022				2021
		For the year ended December 31,
		2022				2021
Deferred tax assets (liabilities):
Net operating loss carryforwards		$	75,544			$	71,001
General business credit carryforwards			4,497				4,741
State credits			2,780				2,780
Property, equipment and goodwill			380				200
Stock options			10,797				10,537
Deferred revenue			—				62
Intangible assets			612				367
Accruals			211				16
Accruals			5,480				—
Gross deferred tax assets			100,301				89,704
Valuation allowance			(100,301	)			(89,704	)
Net deferred taxes		$	—			$	—

SUMMARY OF NET OPERATING LOSS AND GENERAL BUSINESS CREDIT CARRYFORWARDS

 SUMMARY OF NET OPERATING LOSS AND GENERAL BUSINESS CREDIT CARRYFORWARDS

		Net operating loss carryforwards				General business credit carryforwards
2023		$	5,434			$	362
2024			8,711				287
2025			2,370				182
2026			7,160				72
2027			9,977				93
Thereafter			80,439				3,501
		$	114,091			$	4,497

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
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