Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes for the year ended December 31, 2023 consisted of the following components.

	Year Ended December 31, 2023
Current
U.S. Federal	—
State	—
Total Current	—
Deferred
U.S. Federal	—
State	—
Total Deferred	—
Total provision (benefit) for income taxes	—

Schedule of Reconciliation of Provision (Benefit) for Income Taxes

The following reconciles the provision (benefit) for income taxes included in the consolidated statement of operations with the provision (benefit) which would result from the application of the statutory federal income tax rate:

	Year Ended December 31, 2023
Income tax expense (benefit) at federal statutory rate	$	(16,606,561	)
State tax expense (benefit), net		(3,111,717	)
Loss on adjustment to fair value		11,030,238
Other nondeductible expenses		510,661
Change in valuation allowance		8,177,379
Total provision (benefit) for income taxes	$	—

Schedule of Deferred Tax Assets and Liabilities

Temporary differences and carryforwards which give rise to deferred tax assets and liabilities consisted of the following at December 31, 2023:

	Year Ended December 31, 2023
Deferred tax assets
Property and equipment	$	3,890,639
Stock-based compensation		727,829
Federal NOL carryforward		7,488,580
State NOL carryforward		1,923,870
Valuation allowance		(13,926,989	)
Total deferred tax assets	$	103,929
Deferred tax liabilities
Lease asset (net)	$	(4,784	)
Investment in partnership		(99,145	)
Total deferred tax liabilities	$	(103,929	)
Net deferred tax liability	$	—