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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Tax Effects of Temporary Differences and Net Operating Loss Carryforwards | The tax effects of temporary differences and net operating loss (“NOL”) carryforwards that gave rise to significant portions of the deferred tax assets and deferred tax liabilities were approximately as follows at December 31, 2024 and December 31, 2023 (in thousands):
|  | 2024 |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |
Net operating loss carry forwards |  | $ | 10,870 |  |  | $ | 7,790 |
ASC 842 Lease liability |  |  | 361 |  |  |  | 514 |
Equity based compensation |  |  | 244 |  |  |  | 201 |
Fixed assets |  |  | - |  |  |  | - |
Intangible assets |  |  | 158 |  |  |  | 106 |
Capitalized research & development expenses |  |  | 4,283 |  |  |  | 3,830 |
Tax credits |  |  | 1,866 |  |  |  | 1,258 |
Accrual to cash adjustment |  |  | - |  |  |  | - |
Other |  |  | 466 |  |  |  | 468 |
Total deferred tax assets |  |  | 18,248 |  |  |  | 14,167 |
Valuation allowance |  |  | (18,014 | ) |  |  | (13,776 | )
Deferred tax assets, net of valuation allowance |  |  | 234 |  |  |  | 391 |
Deferred tax liabilities: |  |  |  |  |  |
ASC 842 Right-of-use asset |  |  | (220 | ) |  |  | (307 | )
Depreciation and amortization |  |  | (14 | ) |  |  | (84 | )
Total deferred tax liabilities |  |  | (234 | ) |  |  | (391 | )
Deferred tax assets and liabilities, net of valuation allowance |  | $ | - |  |  | $ | - |
Schedule of Reconciliations of Income Tax Benefit Federal and State Statutory Tax Rates | Reconciliations of the difference between income tax benefit computed at the federal and state statutory tax rates and the provision for income tax benefit for the years ended December 31, 2024 and 2023 were as follows:
|  | 2024 |  |  | 2023 |
Federal tax at statutory rate |  |  | 21.0 | % |  |  | 21.0 | %
State tax benefits, net of federal benefit |  |  | 3.9 |  |  |  | 4.2 |
Other |  |  | 1.6 |  |  |  | 1.6 |
Change in valuation allowance |  |  | (26.5 | ) |  |  | (26.7 | )
Income tax benefit |  |  | - | % |  |  | - | %

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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 + 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://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
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