INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

SCHEDULE OF PROVISION OF INCOME TAXES

The items accounting for the difference between income taxes at the effective statutory rate and the provision for income taxes were as follows for the years ended December 31:

(Dollars in thousands)	2025			%			2024			%
Expected federal income tax benefit	$	(4,910	)		21.0	%	$	(2,139	)		16.3	%
State income taxes after credits		-			-			(1,145	)		8.8	%
Change in allowance		(7,924	)		33.9	%		3,284			(25.1	)%
Non-taxable items:
Adjustments to predecessor operating loss carryforwards		(2,474	)		10.6	%		-			-
Return to provision adjustments		15,032			(64.3	)%		-			-
Other		276			(1.2	)%		-			-
Total provision for income taxes	$	-					$	-

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The Company’s approximate net deferred tax assets (liabilities) were as follows as of December 31:

(Dollars in thousands)	2025			2024
Current deferred tax assets (liabilities)
Accrued liabilities	$	35		$	-
Mortgage loans held for sale, net, at fair value		(51	)		(57	)
Total current deferred tax assets (liabilities)		(16	)		(57	)
Non-current deferred tax assets (liabilities)
Net operating loss carryforwards		18,262			34,853
Stock-based compensation		1,438			947
Right-of-use assets		(88	)		-
Property and equipment, net		(2,529	)		(2,369	)
Intangible assets, net		(1,065	)		(4,709	)
Lease liabilities		102			-
Equity method investment		-			(129	)
Total non-current deferred tax assets (liabilities)		16,120			28,593
Valuation Allowance		(16,104	)		(28,536	)
Net deferred tax assets (liabilities)	$	-		$	-