Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Provision For Income Taxes

The provision for income taxes consists of the following (in thousands):

	Year Ended December 31,
	2023			2022
Deferred:
Federal	$	(2,108	)	$	(1,990	)
State and local		(773	)		(93	)
		(2,881	)		(2,083	)
Valuation allowance		2,881			2,083
	$	—		$	—

Schedule of Reconciliation of Federal Income Tax Rate

The provision for income taxes varies from the amount determined by applying the U.S. federal statutory rate to income before income taxes as a result of the following:

	Year Ended December 31,
	2023			2022
U.S. statutory income tax rate		21.0	%		21.0	%
State and local taxes, net of federal tax benefit		1.7	%		1.1	%
Stock compensation permanent differences between book and tax		(7.2	)%		(7.1	)%
Other permanent differences between book and tax		(2.4	)%		(3.0	)%
State rate adjustments		2.1	%		(0.6	)%
Other adjustments		(1.3	)%		-	%
Valuation allowance		(13.9	)%		(11.4	)%
Effective income tax rate		—	%		—	%

Schedule of Components of Deferred Tax Asset

The components of the deferred tax asset are as follows (in thousands):

	Year Ended December 31,
	2023			2022
Current accruals	$	1,041		$	859
Operating lease liabilities		1,330			1,360
Deferred revenue		68			96
Depreciation and amortization		3,172			2,007
Deferred compensation		1,570			1,525
Net operating loss carryovers		29,118			27,629
Deferred tax assets		36,299			33,476
Valuation allowance		(35,066	)		(32,184	)
Net deferred tax assets before deferred tax liabilities		1,233			1,292
Operating lease right-of-use assets		(1,207	)		(1,249	)
Capitalized compensation costs		(26	)		(43	)
Net deferred tax assets	$	-		$	-