INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

At December 31, 2023 and 2022, the components of these temporary differences and the deferred tax asset were as follows:

	As of December 31,
	2023			2022
Deferred Tax Asset
Accrued expenses	$	214,000		$	388,000
Inventory allowance		26,000			83,000
Other		—			7,000
Operating lease liability		627,000			1,122,000
Tax effect of NOL carryforward		78,427,000			76,089,000
Share-based compensation		1,909,000			1,348,000
Section 174 costs		547,000			355,000
Warranty reserve		5,000			5,000
Gross Deferred Tax Asset		81,755,000			79,397,000
Valuation allowance		(81,142,000	)		(78,261,000	)
Net Deferred Tax Asset	$	613,000		$	1,136,000
Operating lease right-of-use asset, net		(585,000	)		(1,064,000	)
Depreciation		(15,000	)		(52,000	)
Amortization		(13,000	)		(20,000	)
Net Deferred Tax Liability	$	(613,000	)	$	(1,136,000	)
Total		—			—

Schedule of Effective Income Tax Rate Reconciliation

The Company’s effective tax rate for the years ended December 31, 2023 and 2022 differs from the statutory rate due to the following (expressed as a percentage of pre-tax income):

	2023				2022
Federal statutory rate		21.0		%		21.0		%
State statutory rate		2.7		%		3.1		%
Permanent tax differences		(5.9	)	%		(2.9	)	%
Deferred true-ups		(0.9	)	%		(3.3	)	%
Deferred rate change		—		%		(1.4	)	%
Change in valuation allowance		(16.9	)	%		(16.5	)	%
Total		—		%		—		%