Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

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,
	2024			2023
Deferred:
Federal	$	(2,577	)	$	(2,108	)
State and local		378			(773	)
		(2,199	)		(2,881	)
Valuation allowance		2,199			2,881
	$	—		$	—

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,
	2024			2023
U.S. statutory income tax rate		21.0	%		21.0	%
State and local taxes, net of federal tax benefit		0.8	%		1.7	%
Stock compensation permanent differences between book and tax		(8.0	)%		(7.2	)%
Contingent consideration permanent difference		(1.6	)%		—	%
Other permanent differences between book and tax		(0.7	)%		(2.4	)%
State rate adjustments		(2.4	)%		2.1	%
Other adjustments		0.0	%		(1.3	)%
Valuation allowance		(9.1	)%		(13.9	)%
Effective income tax rate		—	%		—	%

Schedule of Components of Deferred Tax Asset and Liabilities

The components of net deferred tax assets and liabilities are as follows (in thousands):

	Year Ended December 31,
	2024			2023
Current accruals	$	1,001		$	1,041
Operating lease liabilities		1,372			1,330
Deferred revenue		30			68
Depreciation and amortization		4,058			3,172
Deferred compensation		1,402			1,570
Net operating loss carryovers		33,198			29,118
Tax credit carryovers		462			-
Deferred tax assets		41,523			36,299
Valuation allowance		(38,851	)		(35,066	)
Net deferred tax assets before deferred tax liabilities		2,672			1,233
Operating lease right-of-use assets		(1,252	)		(1,207	)
Amortization of intangibles		(1,333	)		-
Inventory		(69	)		-
Capitalized compensation costs		(18	)		(26	)
Net deferred tax assets	$	-		$	-