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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Taxes [Abstract] |
Schedule of Provision for Income Taxes | The provision for income taxes for the years ended December 31, 2024 and 2023, is set forth below:
|  | Year Ended |  |  | Year Ended |
|  | December 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Current |  |  |  |  |  |
Federal |  | $ | - |  |  | $ | - |
State |  |  | - |  |  |  | - |
Total Provision for Income Taxes |  | $ | - |  |  | $ | - |
Schedule of Federal Statutory Rate | The following is a reconciliation of our income tax rate computed using the federal statutory rate to our actual income tax rate for the years ended December 31, 2024 and 2023 is set forth below:
|  | Year Ended |  |  | Year Ended |
|  | December 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
U.S. statutory income tax rate |  |  | 21.00 | % |  |  | 21.00 | %
State taxes, net of federal benefit |  |  | 0.22 | % |  |  | 2.43 | %
Permanent difference, overaccruals, and non-deductible items |  |  | -0.82 | % |  |  | -2.71 | %
Change in state rate |  |  | -7.53 | % |  |  | -15.20 | %
Deferred tax valuation allowance |  |  | -13.77 | % |  |  | -10.13 | %
True-up and Other |  |  | 0.90 | % |  |  | 4.61 | %
Total |  |  | 0.00 | % |  |  | 0.00 | %
Schedule of Net Deferred Tax Assets | The components of net deferred tax assets at December 31, are set forth below:
|  | December 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |
Current: |  |  |  |  |  |
Net operation loss |  | $ | 4,871,000 |  |  | $ | 4,996,000 |
Allowance for doubtful accounts |  |  | 140,000 |  |  |  | 133,000 |
Inventory - IRC 263A adjustment |  |  | 296,000 |  |  |  | 336,000 |
Stock based compensation - options and restricted stock |  |  | 218,000 |  |  |  | 159,000 |
Capitalized engineering costs |  |  | 134,000 |  |  |  | 211,000 |
Amortization - NTW Transaction |  |  | 178,000 |  |  |  | 251,000 |
Inventory reserve |  |  | 644,000 |  |  |  | 715,000 |
Deferred gain on sale of real estate |  |  | 14,000 |  |  |  | 23,000 |
Accrued Expenses |  |  | 113,000 |  |  |  | 37,000 |
Disallowed interest |  |  | 2,269,000 |  |  |  | 2,024,000 |
Operating lease liabilities |  |  | 339,000 |  |  |  | 546,000 |
Total deferred tax asset before valuation allowance |  |  | 9,216,000 |  |  |  | 9,431,000 |
Valuation allowance |  |  | (8,091,000 | ) |  |  | (7,903,000 | )
Total deferred tax asset after valuation allowance |  |  | 1,125,000 |  |  |  | 1,528,000 |
Deferred tax liabilities |  |  | (255,000 | ) |  |  | (1,114,000 | )
Property and equipment |  |  | (870,000 | ) |  |  | (414,000 | )
Total deferred tax liabilities |  |  | (1,125,000 | ) |  |  | (1,528,000 | )
Net deferred tax asset |  | $ | - |  |  | $ | - |

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