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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Tax (Benefit) Expense

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

Schedule of Income Tax (Benefit) Expense

		2024				2023
		Years Ended December 31,
		2024				2023
Current
Federal, State and Local		$	—			$	—
Deferred
Federal			(8,033	)			(9,281	)
State and Local			(2,173	)			(6,897	)
Current and Deferred tax (benefit) expense			(10,206	)			(16,178	)
Less: Valuation allowance reserve			10,206				16,178
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:

Schedule of Reconciliation of Federal Statutory Income Tax Rate

		2024				2023
		Years Ended December 31,
		2024				2023
U.S. federal statutory rate			21.0	%			21.0	%
U.S. state and local income taxes, net of federal benefit			6.1	%			6.4	%
Permanent differences			(1.9	)%			(1.3	)%
Tax credits			0.4	%			1.5	%
Revaluation of state deferred taxes			0.8	%			—	%
Federal deferred true-up			(0.8	)%			(0.7	)%
State deferred true-up			(3.2	)%			3.8	%
Valuation allowance			(22.4	)%			(30.7	)%
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:

Schedule of Net Deferred Tax Assets

		2024				2023
		Years Ended December 31,
		2024				2023
Deferred Tax Assets
Net operating loss		$	39,472			$	29,059
Debt issue costs			—				55
Stock-based compensation expense			7,659				7,984
Accrued expenses			154				111
Depreciation & amortization			755				790
Lease liabilities			736				—
Research and development expenditures			3,107				3,109
Research and development tax credit carryforwards			1,225				1,062
Deferred tax assets		$	53,108			$	42,170
Deferred Tax Liabilities
Operating leases right-of-use assets			(732	)			—
Deferred Tax Liabilities		$	(732	)		$	—
Deferred tax assets, net of deferred tax liabilities			52,376				42,170
Less: valuation allowance			(52,376	)			(42,170	)
Deferred tax assets, net after valuation allowance		$	—			$	—

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- References

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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

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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

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

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-Topic 740
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-Publisher FASB
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-Section 50
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