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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
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
|  | 2024 |  |  | 2023 |
|  | For the year ended December 31, |
|  | 2024 |  |  | 2023 |
Income taxes at U.S. statutory rate |  | $ | (13,384 | ) |  | $ | (11,379 | )
State tax, net of federal benefit |  |  | (679 | ) |  |  | (242 | )
Research and development credit |  |  | (1,535 | ) |  |  | (1,137 | )
Deferred true ups |  |  | 8,032 |  |  |  | — |
Valuation allowance |  |  | 5,418 |  |  |  | 8,687 |
Change in fair value of warrant liabilities |  |  | 159 |  |  |  | 2,456 |
Expired tax losses and credits |  |  | 2,116 |  |  |  | 1,503 |
Permanent differences |  |  | (127 | ) |  |  | 112 |
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
|  | 2024 |  |  | 2023 |
|  | For the year ended December 31, |
|  | 2024 |  |  | 2023 |
Deferred tax assets (liabilities): |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 88,059 |  |  | $ | 78,698 |
General business credit carryforwards |  |  | 6,000 |  |  |  | 4,752 |
State credits |  |  | 2,780 |  |  |  | 2,780 |
Property, equipment and goodwill |  |  | 1,002 |  |  |  | 887 |
Stock based compensation |  |  | 2,463 |  |  |  | 11,983 |
Intangible assets |  |  | 661 |  |  |  | 615 |
Accruals |  |  | 107 |  |  |  | 347 |
Capitalized research and development |  |  | 13,264 |  |  |  | 8,843 |
Other |  |  | 70 |  |  |  | 83 |
Gross deferred tax assets |  |  | 114,406 |  |  |  | 108,988 |
Valuation allowance |  |  | (114,406 | ) |  |  | (108,988 | )
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 |
2025 |  | $ | 2,370 |  |  | $ | 182 |
2026 |  |  | 7,160 |  |  |  | 72 |
2027 |  |  | 9,977 |  |  |  | 93 |
2028 |  |  | 6,886 |  |  |  | 141 |
2029 |  |  | 7,908 |  |  |  | 83 |
Thereafter |  |  | 65,644 |  |  |  | 5,429 |
|  | $ | 99,945 |  |  | $ | 6,000 |

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition 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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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