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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Net Deferred Tax Assets and Liabilities | The components of the net deferred tax assets and liabilities as of December 31, 2024 and 2023, consist of the following: Schedule of Components of Net Deferred Tax Assets and Liabilities
|  | 2024 |  |  | 2023 |
|  | (in thousands) |
Deferred tax assets: |  | December 31, |
|  | 2024 |  |  | 2023 |
Net operating losses |  | $ | 29,001 |  |  | $ | 25,114 |
Research and Development costs |  |  | 3,914 |  |  |  | 3,517 |
Stock Compensation |  |  | 1,515 |  |  |  | 1,479 |
R&D credits |  |  | 2,829 |  |  |  | 1,376 |
Other |  |  | 41 |  |  |  | 137 |
Amortization & Depreciation |  |  | 5,575 |  |  |  | 6,791 |
Right of use asset |  |  | 4 |  |  |  | 6 |
Total deferred tax assets |  |  | 42,879 |  |  |  | 38,420 |
Less: Valuation allowance |  |  | (42,879 | ) |  |  | (36,816 | )
Deferred tax assets, net |  | $ | — |  |  | $ | 1,604 |
Schedule of Effective Tax Rate and Statutory Tax Rate | Reconciliation between the effective tax rate on income from continuing operations and the statutory tax rate is as follows (in thousands): Schedule of Effective Tax Rate and Statutory Tax Rate
Pre Tax Book Loss |  | $ | (17,320 | ) |  |  |  |
Federal Rate |  |  | (3,637 | ) |  |  | 21.0 | %
State Taxes |  |  | (1,321 | ) |  |  | 7.63 | %
Other Perms |  |  | 1 |  |  |  | -0.01 | %
RTP |  |  | 396 |  |  |  | -2.29 | %
Income Tax Income |  |  | 459 |  |  |  | -2.65 | %
State Rate Change |  |  | 149 |  |  |  | -0.86 | %
162(m) |  |  | 126 |  |  |  | -0.73 | %
R&D credits |  |  | (969 | ) |  |  | 5.59 | %
Mark to Market |  |  | (163 | ) |  |  | 0.94 | %
R&D credit addback |  |  | 261 |  |  |  | -1.51 | %
Loss on Fair Value Warrants |  |  | 131 |  |  |  | -0.76 | %
Other |  |  | 108 |  |  |  | -0.62 | %
Valuation Allowance |  |  | 4,459 |  |  |  | -25.75 | %
Total |  | $ | — |  |  |  | -0.0 | %
The Company files tax returns in the U.S., Florida and New Jersey. As of December 31, 2024, tax years for 2023, 2022, and 2021 are still subject to examination by the tax authorities. The Company is no longer subject to U.S. federal or state examinations by tax authorities for years before 2021.

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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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