XML 70 R36.htm IDEA: XBRL DOCUMENT
v3.25.3

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Income Taxes [Abstract] |
Schedule of Income / (Loss) Before Provision | The components of income / (loss) before provision for / (benefit from) income taxes are:
|  | Years ended December 31, |
|  | 2024 |  |  | 2023 |
Domestic |  | $ | (7,232 | ) |  | $ | (11,770 | )
Foreign |  |  | - |  |  |  | 64 |
Loss before Income taxes |  | $ | (7,232 | ) |  | $ | (11,706 | )
Schedule of Effective Income Tax Rate | A reconciliation of the Company’s effective income tax rate to the U.S. statutory federal income tax rate of 21% for the years ended December 31, 2024 and 2023 is as follows:
|  | Years ended December 31, |
|  | 2024 |  |  | 2023 |
Net loss before tax |  | $ | (7,232 | ) |  | $ | (11,706 | )
Statutory U.S. federal tax rate |  |  | 21 | % |  |  | 21 | %
Tax computed at federal statutory rate |  |  | (1,519 | ) |  |  | (2,458 | )
State income taxes, net of federal benefit and tax credits |  |  | (606 | ) |  |  | (825 | )
Federal research and development credit |  |  | (290 | ) |  |  | (297 | )
Permanent differences |  |  | (98 | ) |  |  | 40 |
Change in valuation allowance |  |  | 2,513 |  |  |  | 3,540 |
Income tax expense |  | $ | - |  |  | $ | - |
Schedule of Net Deferred Tax Assets and Liabilities | Significant components of the Company’s net deferred tax assets and liabilities as of December 31, 2024 and 2023 are as follows:
|  | Years ended December 31, |
|  | 2024 |  |  | 2023 (As Restated) |
Deferred tax assets: |  |  |  |  |  |
Operating loss carryforwards |  | $ | 23,229 |  |  | $ | 21,135 |
Tax credits |  |  | 2,478 |  |  |  | 2,054 |
Stock-based compensation |  |  | 2,691 |  |  |  | 2,154 |
Capitalized research expenses |  |  | 2,547 |  |  |  | 3,183 |
Depreciation and amortization |  |  | 1,823 |  |  |  | 539 |
Lease liability |  |  | 124 |  |  |  | 279 |
Accrued expenses |  |  | 314 |  |  |  | 333 |
Other |  |  | 181 |  |  |  | - |
Deferred tax assets |  |  | 33,387 |  |  |  | 29,677 |
Less: Valuation allowance |  |  | (33,274 | ) |  |  | (29,414 | )
Total deferred tax assets |  | $ | 113 |  |  | $ | 263 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Right-of-use asset |  | $ | (113 | ) |  | $ | (263 | )
Net deferred income taxes |  | $ | - |  |  | $ | - |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration