INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The components of net loss before income tax for continuing operations (comprised of the total of loss before income tax and equity in net loss of investee and equity in net loss of investee, net of tax) for the years ended December 31, 2023 and 2022 are as follows (in thousands):

	Year Ended December 31,
	2023		2022
Domestic	$	(73,419)	$	(86,190)
Foreign	—		—
Total	$	(73,419)	$	(86,190)

Schedule of Components of Income Tax Expense (Benefit)

The Company’s income tax benefit for continuing operations for the years ended December 31, 2023 and 2022 are as follows (in thousands):

	Year Ended December 31,
	2023		2022
Current:
Federal	$	—	$	—
State	—		—
Foreign	—		—
Total current income tax benefit	—		—
Deferred:
Federal	—		(256)
State	—		—
Foreign	—		—
Total deferred income tax benefit	—		(256)
Income tax benefit	$	—	$	(256)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation between income tax benefit and the expected tax benefit at the statutory rate for the years ended December 31, 2023 and 2022 are as follows:

	Year Ended December 31,
	2023		2022
Federal statutory rate	21.0	%	21.0	%
State rate, net of federal benefit	0.4	%	3.0	%
Permanent differences	0.8	%	—	%
Non-deductible compensation	(1.3)	%	—	%
Change in valuation allowance	(15.6)	%	(24.6)	%
Share based liabilities	(4.5)	%	—	%
Other items	(0.8)	%	0.9	%
Effective tax rate	—	%	0.3	%

Schedule of Deferred Tax Assets and Liabilities

The significant components of the Company’s deferred tax liabilities, net consist of the following at December 31, 2023 and 2022 (in thousands):

	December 31, 2023		December 31, 2022
Deferred tax assets:
Net operating loss	$	37,833	$	21,599
Share based liabilities	543		3,811
Accruals and reserves	1,079		1,632
Property, plant and equipment	—		458
Operating lease liability	206		259
Investment in joint venture	2,075		1,520
Stock compensation	656		410
Gross deferred tax assets	42,392		29,689
Valuation allowance	(40,948)		(29,464)
Deferred tax assets, net	1,444		225
Deferred tax liabilities:
Right-of-use asset	(182)		(225)
Property, plant and equipment	(1,262)		—
Gross deferred tax liabilities	(1,444)		(225)
Deferred tax liabilities, net	$	—	$	—