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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Deferred Tax Assets and Liabilities | The net deferred tax assets and liabilities consist of the following amounts at December 31, 2023 and 2022, in thousands:
| 2023 |  | 2022
Deferred Tax Assets |  |  |
Allowance for doubtful Accounts | $ | 1 |  |  | $ | 1 |
Investment in Plane Cos LLC | 44 |  |  | 168 |
Loss carryforwards | 11,521 |  |  | 2,792 |
Intangible | 626 |  |  | (347) |
Interest expense limitations | 659 |  |  | 64 |
Other | 15 |  |  | 1 |
Total deferred tax assets | 12,866 |  |  | 2,679 |
Deferred Tax Liabilities |  |  |
Property and equipment depreciation | (74) |  |  | (399) |
Valuation allowance | (13,096) |  |  | (2,585) |
Total deferred tax liabilities | (13,170) |  |  | (2,984) |
Net deferred tax assets (liabilities) | (305) |  |  | (305) |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation from the statutory federal income tax rate to the effective income tax rate is as follows:
| 2023 |  | 2022
Expected federal income taxes at statutory rate | 21.00 | % |  | 21.00 | %
State and local income taxes | 4.54 | % |  | 4.54 | %
Permanent differences | (6.79) | % |  | (0.04) | %
Change in valuation allowance | (18.18) | % |  | (24.11) | %
Other | (0.69) | % |  | (0.83) | %
Effective income tax rate | (0.12) | % |  | 0.56 | %

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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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