Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes [Abstract]

Components of Income Tax Expense (Benefit)

The components of the net loss before income taxes are as follows:

	Year ended December 31,
(In thousands)	2022			2021
Domestic	$	(10,279	)	$	(27,208	)
Foreign		(12	)		(23	)
Net loss before income taxes	$	(10,291	)	$	(27,231	)

Effective Income Tax Reconciliation

The income tax provision (benefit) amounts differ from the amounts computed by applying the United States Federal statutory income tax rate of 21% for the years ended December 31, 2022, and 2021. Adjustments to determine income tax expense are as follow:

(In thousands)	Years ended December 31,
	2022			2021
Tax benefit at statutory rate	$	(2,161	)	$	(5,718	)
Increase (reduction) in income taxes resulting from:
State incomes tax benefits, net of federal benefit		(473	)		(837	)
Non-deductible gain on warrant adjustment valuation		(3,270	)		417
Change in valuation allowance		4,905			5,903
Registration penalites		67			354
Other		934			(91	)
Income Tax Expense	$	2		$	28

Deferred Tax Assets

The tax effects of temporary differences that give rise to the deferred tax assets are as follows:

(In thousands)	December 31, 2022			December 31, 2021
Deferred Tax Assets
Net operating loss carryforwards	$	38,323		$	33,238
Net operating loss carryforwards - foreign		24			23
Excess of tax basis over book value of property and equipment		9			14
Excess of tax basis over book value of intangible assets		1,325			1,622
Lease liability		150			96
Stock-based compensation		1,487			1,613
Accrued employee compensation		750			698
Capitalized equity costs		-			49
Capitalized research and development		116			-
Net change in reserve accounts		1,031			898
Gross deferred tax asset		43,215			38,251
Valuation Allowance		(43,070	)		(38,165	)
Net Deferred Tax Asset		145			86
Deferred Tax Liabilities
Right-of-use asset		(145	)		(86	)
Gross deferred tax liability		(145	)		(86	)
TOTAL	$	-		$	-