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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision (Benefit) Related to Operations

Income tax provision (benefit) related to operations differ from the amounts computed by applying the statutory income tax rate of 21% to pretax loss as follows (in thousands):

U.S. Federal provision (benefit)		2024				2023
		Year Ended December 31,
U.S. Federal provision (benefit)		2024				2023
At Statutory Rate		$	(315,000	)		$	(49,000	)
State Taxes			(71,000	)			(71,000	)
Change in Valuation Allowance			181,000				299,000
Foreign Tax Differential			(4,000	)			-
Foreign Valuation Allowance			25,000				-
Other			184,000				(179,000	)
Total provision (benefit)		$	-			$	-

Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes reflect the net tax effects of loss and credit carryforwards and temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our deferred tax assets and liabilities are as follows:

		2024				2023
		Year Ended December 31,
		2024				2023
Deferred Tax Assets:
Federal & State NOL Carryforward		$	5,391,000			$	5,163,000
Foreign Tax Credit & Other Credits			224,000				307,000
Capitalized R&D			128,000				98,000
Reserves and Accruals			140,000				147,000
Capital Loss Carryforward			2,360,000				2,360,000
Unicap 263A Adjustment			246,000				233,000
Lease liability			1,232,000				1,026,000
Foreign NOL Carryforward			28,000				2,000
Fixed Assets & Intangibles			279,000				261,000
Total Gross deferred tax assets			10,028,000				9,597,000
Less: Val. Allowance			(8,702,000	)			(8,476,000	)
Total Deferred Tax Assets			1,326,000				1,121,000

Deferred Tax Liabilities:
Right of use operating leases			1,326,000				1,121,000
Total Gross deferred tax liabilities			1,326,000				1,121,000
Net Deferred Tax Assets		$	-			$	-