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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Income Tax (Benefit) Expense

Income tax (benefit) expense for respective periods noted is as follows:

 

   2023   2022 
   Years Ended December 31, 
   2023   2022 
Current          
Federal, State and Local  $—   $— 
Deferred          
Federal   (9,281)   (12,703)
State and Local   (6,897)   1,209 
Current and Deferred tax (benefit) expense   (16,178)   (11,494)
Less: Valuation allowance reserve   16,178    11,494 
Income tax (benefit) expense  $—   $— 
Schedule of Reconciliation of Federal Statutory Income Tax Rate

The reconciliation of the federal statutory income tax rate to the effective income tax rate for the respective period noted is as follows:

 

   2023   2022 
   Years Ended December 31, 
   2023   2022 
U.S. federal statutory rate   21.0%   21.0%
U.S. state and local income taxes, net of federal benefit   

6.4

%   7.2%
Permanent differences   (1.3)%   0.6%
Tax credits   1.5%   0.5%
Revaluation of state deferred taxes   —%   (8.8)%
Federal deferred true-up   (0.7)%   —%
State deferred true-up   3.8%   —%
Valuation allowance   (30.7)%   (20.5)%
Effective tax rate   —%   —%
Schedule of Net Deferred Tax Assets

The tax effects of temporary differences which give rise to the net deferred tax assets for the respective period noted is as follows:

 

 

   2023   2022 
   Years Ended December 31, 
   2023   2022 
Deferred Tax Assets          
Net operating loss  $29,059   $16,015 
Debt issue costs   55    — 
Stock-based compensation expense   7,984    6,920 
Accrued expenses   111    80 
Depreciation & amortization   790    240 
Research and development expenditures   3,109    2,442 
Research and development tax credit carryforwards   1,062    295 
Deferred tax assets  $42,170   $25,992 
           
Deferred Tax Liabilities          
Depreciation   —    — 
Deferred Tax Liabilities  $—   $— 
           
Deferred tax assets, net of deferred tax liabilities   42,170    25,992 
Less: valuation allowance   (42,170)   (25,992)
Deferred tax assets, net after valuation allowance  $—   $—