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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
COMPOSITION OF LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (a) Composition of income (loss) before income taxes is as follows (in thousands): COMPOSITION OF LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
|  | Year ended December 31, |
|  | 2023 |  |  | 2022 |
Domestic |  | $ | 138 |  |  | $ | (631 | )
COMPONENTS OF INCOME TAX EXPENSE | Income tax expense consists of the following (in thousands): COMPONENTS OF INCOME TAX EXPENSE
|  | Year ended December 31, |
|  | 2023 |  |  | 2022 |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | — |
State and local |  |  | 9 |  |  |  | — |
Current income tax expense |  |  | — |  |  |  | — |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | — |  |  |  | — |
State and local |  |  | — |  |  |  | — |
Deferred income tax expense |  |  | — |  |  |  | — |
Total income tax expense |  | $ | 9 |  |  | $ | — |
SUMMARY OF RECONCILIATION BETWEEN FEDERAL TAX RATE | Set forth below is a reconciliation between the federal tax rate and the Company’s effective income tax rates with respect to continuing operations: SUMMARY OF RECONCILIATION BETWEEN FEDERAL TAX RATE
|  | 2023 |  |  | 2022 |
|  | Year ended December 31, |
|  | 2023 |  |  | 2022 |
Statutory Federal rates |  |  | 21 | % |  |  | 21 | %
Increase (decrease) in income tax rate resulting from: |  |  |  |  |  |  |  |
Nondeductible/nontaxable items |  |  | 2 | % |  |  | (3) | %
State taxes |  |  | 4 | % |  |  | — |
Rate change |  |  | 69 | % |  |  | — |
Prior year rate change adjustment |  |  | 173 | % |  |  | — |
Deferred true-ups |  |  | 147 | % |  |  | — |
Valuation allowance |  |  | (409) | % |  |  | (18) | %
Effective income tax rates |  |  | 7 | % |  |  | (—) | %
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES | (c) Analysis of Deferred Tax Assets and (Liabilities) (in thousands): SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES
|  | 2023 |  |  | 2022 |
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
Deferred tax assets (liabilities) consist of the following: |  |  |  |  |  |  |  |
Employee benefits and deferred compensation |  | $ | 61 |  |  | $ | 49 |
Deferred revenue |  |  | 202 |  |  |  | — |
Right-of-use assets |  |  | (41 | ) |  |  | — |
Lease liability |  |  | 47 |  |  |  | — |
Fixed assets |  |  | (88 | ) |  |  | (154 | )
Intangible assets |  |  | 311 |  |  |  | 529 |
Other temporary differences |  |  | 46 |  |  |  | 3 |
Section 174 expenditures |  |  | 290 |  |  |  | 205 |
Net operating loss and capital loss carryforwards |  |  | 15,258 |  |  |  | 16,021 |
Deferred tax assets, gross |  |  | 16,086 |  |  |  | 16,653 |
Valuation allowance |  |  | (16,086 | ) |  |  | (16,653 | )
Net deferred tax assets |  | $ | — |  |  | $ | — |
SUMMARY OF TAX LOSS CARRYFORWARDS | As of December 31, 2023, the Company had various operating loss carryforwards expiring as follows (in thousands): SUMMARY OF TAX LOSS CARRYFORWARDS
Expiration |  | Federal |  |  | Capital Loss |  |  | State |
2023 |  | $ | — |  |  | $ | 556 |  |  | $ | — |
2025 – 2031* |  |  | 2,579 |  |  |  |  |  |  |  |  |
2032 – 2037 |  |  | 61,351 |  |  |  | — |  |  |  | 14,818 |
Unlimited |  |  | 4,958 |  |  |  | — |  |  |  | 1,877 |
Total |  | $ | 68,888 |  |  | $ | 556 |  |  | $ | 16,695 |
* |  | The utilization of a portion of these net operating loss carryforwards is limited due to limits on utilizing net operating loss carryforwards under Internal Revenue Service regulations for separate return limitation years.

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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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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