Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Provision of Income Taxes

The provision of income taxes for the years ended December 31, 2023 and 2022 were as follows:

(Dollars in thousands)	2023			2022
Expected federal income tax benefit	$	(1,478	)	$	(3,190	)
State income taxes after credits		(497	)		(1,074	)
Change in allowance		1,975			4,264
Total provision for income taxes	$	-		$	-

Schedule of Deferred Tax Assets and Liabilities

The components of the net deferred tax assets and liabilities as of December 31 consisted of the following:

(Dollars in thousands)	2023			2022
Deferred tax assets
Net operating loss carryforwards	$	23,673		$	21,325
Stock-based compensation		896			895
Total deferred tax assets		24,569			22,220
Deferred tax liability
Depreciation and amortization		(2,444	)		(2,070	)
Total deferred tax liability		(2,444	)		(2,070	)
Valuation Allowance		(22,125	)		(20,150	)
Net deferred tax assets	$	-		$	-