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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Components of Loss Before Income Taxes | The components of loss before income taxes are as follows (in thousands):
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Domestic |  | $ | (7,030 | ) |  | $ | (13,978 | )
Foreign |  |  | — |  |  |  | — |
Loss before income taxes |  | $ | (7,030 | ) |  | $ | (13,978 | )
Schedule of Income Tax Expense Comprised of Current State Taxes and Foreign Taxes | The total income tax provision for each of the years ended December 31, 2024 and 2023 was expense of $8,000 and is comprised of current state taxes and current foreign taxes withheld by governmental agencies outside of the United States, as follows (in thousands):
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Current: |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | — |
State |  |  | (8 | ) |  |  | (7 | )
Foreign |  |  | — |  |  |  | (1 | )
Total current tax (expense) |  |  | (8 | ) |  |  | (8 | )
Deferred: |  |  |  |  |  |
Federal |  |  | — |  |  |  | — |
State |  |  | — |  |  |  | — |
Foreign |  |  | — |  |  |  | — |
Total deferred tax (expense) |  |  | — |  |  |  | — |
Total tax (expense) |  | $ | (8 | ) |  | $ | (8 | )
Reconciliation of the Statutory Federal Income Tax Rate | The following is a reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Expected income tax provision at the federal statutory rate |  |  | 21.0 | % |  |  | 21.0 | %
State taxes, net of federal benefits |  |  | (1.2 | )% |  |  | 5.0 | %
Change in valuation allowance |  |  | (15.5 | )% |  |  | (26.6 | )%
Derivative liability |  |  | (4.4 | )% |  |  | 9.8 | %
PIPE Transactions |  |  | — |  |  |  | (9.8 | )%
Other |  |  | — |  |  |  | 0.5 | %
Income tax provision |  |  | (0.1 | )% |  |  | (0.1 | )%
Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 25,336 |  |  | $ | 23,160 |
Stock-based compensation |  |  | 932 |  |  |  | 4,654 |
Accrued payroll and benefits |  |  | 47 |  |  |  | 342 |
Research and development credits |  |  | 16 |  |  |  | 16 |
Fixed asset basis difference |  |  | 106 |  |  |  | 87 |
Inventory reserve |  |  | 3 |  |  |  | 102 |
Charitable contributions |  |  | 3 |  |  |  | 3 |
Income from partnerships |  |  | 217 |  |  |  | 231 |
Lease liability |  |  | 42 |  |  |  | 261 |
Other accounts receivable reserve |  |  | 101 |  |  |  | 147 |
Amortized intangibles |  |  | 725 |  |  |  | 755 |
Goodwill |  |  | 344 |  |  |  | 358 |
Section 174 Capitalization |  |  | 566 |  |  |  | 583 |
Total deferred tax assets |  |  | 28,438 |  |  |  | 30,699 |
Deferred tax liabilities: |  |  |  |  |  |
Right of use asset |  |  | (68 | ) |  |  | (205 | )
Total deferred tax liabilities |  |  | (68 | ) |  |  | (205 | )
Less valuation allowance |  |  | (28,370 | ) |  |  | (30,494 | )
Net deferred tax assets |  | $ | — |  |  | $ | — |
Schedule of Unrecognized Tax Benefits | The Company had the following unrecognized tax benefits (in thousands), none of which, if recognized, would impact the Company’s effective tax rate:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Unrecognized tax benefit beginning balance |  | $ | 16 |  |  | $ | 16 |
Increases for tax positions taken in prior years |  |  | — |  |  |  | — |
Decreases for tax positions taken in prior years |  |  | — |  |  |  | — |
Increases for tax positions taken in current years |  |  | — |  |  |  | — |
Settlements |  |  | — |  |  |  | — |
Unrecognized tax benefit ending balance |  | $ | 16 |  |  | $ | 16 |

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