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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes as of December 31, 2023 and 2022 consists of the following:

			2023						2022
Current:
Federal			$	(12)					$	—
State			(50)						124
Total current tax (benefit) expense			(62)						124
Deferred:
Federal			—						—
State			—						—
Total deferred tax (benefits) expense			—						—
(Benefit) Provision for income taxes			$	(62)					$	124

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory U.S. Federal rate to the Company’s effective tax rate as of December 31, 2023 and 2022 is as follows:

			2023						2022
									(As Adjusted)
Federal income tax benefit at statutory rate			21.00			%			21.00			%
State income taxes, net of federal benefit			0.25						(2.20)
Other permanent items			(0.30)						(0.04)
Stock-based compensation			(9.94)						(1.99)
Lobbying expense			(1.95)						(0.92)
Research and development tax credits			(9.66)						9.92
Cumulative deferred adjustments			(31.39)						26.14
Rate change			(2.22)						(18.06)
Change in valuation allowance			36.20						(36.30)
Other			1.07						(0.66)
Effective income tax (benefit) expense rate			3.06			%			(3.11)			%

Schedule of Components of Deferred Tax Assets

Significant components of the Company’s deferred tax assets for federal and state income taxes as of December 31, 2023 and 2022 are as follows:

			2023						2022
									(As Adjusted)
Deferred tax assets:
Net operating loss carryforwards			$	5,625					$	4,889
Payroll related accruals			256						333
Stock-based compensation			88						612
Intangible assets			90						89
Sec. 174 Capitalized costs			468						1,237
Sales tax accrual			245						197
Other			17						5
Depreciation			50						18
Research and development tax credits			708						906
Total deferred tax assets			7,547						8,286
Net deferred tax assets			7,547						8,286
Less: Valuation allowance			(7,547)						(8,286)
Deferred tax assets, net of allowance			$	—					$	—

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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

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
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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.

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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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.

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