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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision (Benefit)

The income tax expense (benefit) is as follows (in thousands):

		For the Years Ended December 31,
		2023				2022
Current:
U.S. federal		$	—			$	(13	)
State and local			16				24
Foreign			100				43
Total current income tax expense			116				54
Deferred:
U.S. federal			9				10
State and local			3				20
Total deferred income tax expense			12				30
Income tax expense		$	128			$	84

Schedule of components of the pretax loss from operation

The components of the pretax loss from operations for the years ended December 31 are as follows (in thousands):

		For the Years Ended December 31,
		2023				2022
U.S. Domestic			12,235				8,575
Foreign			65				—
Pretax loss from operations			12,300				8,575

Schedule of Reconciliation of Income Tax Provision to Statutory Federal Income Tax Rate

Reconciliations of the total income tax provision tax rate to the statutory federal income tax rate of 21% for the years ended December 31, 2023 and 2022, respectively, are as follows (in thousands):

		For the Years Ended December 31,
		2023				2022
Income taxes at statutory rates		$	(2,583	)		$	(1,802	)
State income tax, net of federal benefit			23				44
Permanent items			40				52
Equity based compensation			386				298
Federal research credits			(122	)			(374	)
Federal return to provision			(10	)			(1	)
Foreign taxes			100				43
Other			17				77
Change in federal valuation allowance			2,277				1,747
Income tax expense		$	128			$	84

Deferred Income Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows (in thousands):

		As of December 31,
		2023				2022
Deferred tax assets:
Net operating loss carryforwards		$	5,846			$	5,374
Research and AMT credits			3,937				3,742
Stock based compensation			1,831				1,891
Lease liability			383				611
Section 174 R&D Capitalization			4,159				2,319
Accrued and other			760				1,100
			16,916				15,037
Less valuation allowance			(14,578	)			(11,884	)
Deferred tax assets, net of allowance			2,338				3,153
Deferred tax liabilities:
Fixed assets			(501	)			(520	)
Goodwill			(468	)			(418	)
Right-of-use asset			(340	)			(556	)
Intangible asset			(1,180	)			(1,798	)
Deferred tax liabilities			(2,489	)			(3,292	)
Total deferred tax liabilities		$	(151	)		$	(139	)

We have established a valuation allowance against our net deferred tax assets due to the uncertainty surrounding the

Summary of Reconciliation of Unrecognized Tax Benefit Activity

The following table summarizes the reconciliation of the unrecognized tax benefits activity during the years ended December 31 (in thousands):

		2023				2022
Beginning unrecognized tax benefits		$	1,305			$	1,217
Gross increases - tax positions in prior period			(65	)			(50	)
Gross decreases – tax positions in prior period			-				(9	)
Gross increases - current year tax positions			114				147
Purchase accounting			—				—
Ending unrecognized tax benefits		$	1,354			$	1,305

The unrecognized tax benefit amounts are reflected in the determination of the Company’s deferred tax assets. If recognized,

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