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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes [Abstract]

Schedule of Components of Loss Before Income Taxes

The components of loss before income taxes for the years ended December 31, 2024 and 2023, are as follows (in thousands):

		2024				2023
Federal		$	(66,330	)		$	(56,745	)
Foreign			937				(975	)
Total loss before taxes		$	(65,393	)		$	(57,720	)

Schedule of Company’s Statutory Federal Income Tax Rate and The Effective Tax Rates

The Company’s income tax provision was zero for the years ended December 31, 2024 and 2023, respectively. The differences between the Company’s statutory federal income tax rate and the effective tax rates are summarized as follows:

		2024				2023
Statutory federal tax rate			21.00	%			21.00	%
Increase (decrease) resulting from:
State taxes			(3.78	)%			6.79	%
Loss on debt modification			(8.46	)%			0.00	%
Stock-based compensation			(4.94	)%			0.00	%
Debt issuance costs			(3.68	)%			0.00	%
Other items			(0.58	)%			1.25	%
Valuation allowance			0.44	%			(29.04	)%
Effective tax rate			0.00	%			0.00	%

Schedule of Components of Net Deferred Tax Assets

The components of net deferred tax assets as of December 31, 2024 and 2023 consisted of the following (in thousands):

		2024				2023
Deferred income tax assets:
Net operating loss carryforwards		$	91,305			$	89,335
Accruals, deferrals, and reserves			748				1,445
Stock-based compensation			981				721
Fixed assets and intangibles			4,421				3,833
Lease liability			—				633
Credit and carry forwards			4,707				4,707
Other			—				861
Total deferred income tax assets			102,162				101,535
Deferred income tax liabilities:
Other			(343	)			—
Total deferred income tax liabilities			(343	)			—
Net deferred income assets before valuation allowance		$	101,819			$	101,535
Less: valuation allowance			(101,819	)			(101,535	)
Net deferred income tax assets		$	—			$	—

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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
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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

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-Topic 740
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-Topic 740
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-Section 50
-Paragraph 12
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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Reference 1: 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))
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