INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

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 for the years ended December 31, 2024 and 2023 were as follows:

(Dollars in thousands)	2024			2023
Expected federal income tax benefit	$	(2,139	)	$	(1,478	)
State income taxes after credits		(1,145	)		(497	)
Change in allowance		3,284			1,975
Total provision for income taxes	$	-		$	-

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The Company’s approximate net deferred tax assets as of December 31, 2024 and 2023 were as follows:

(Dollars in thousands)	2024			2023
Deferred tax assets
Net operating loss carryforwards	$	34,853		$	23,673
Property and equipment		42			-
Stock-based compensation		947			896
Total deferred tax assets		35,842			24,569
Deferred tax liability
Mortgage loans held for sale	$	(57	)	$	-
Intangible assets		(4,709	)		-
Equity method investment		(129	)		-
Depreciation and amortization		(2,411	)		(2,444	)
Total deferred tax liability		(7,306	)		(2,444	)
Valuation Allowance		(28,536	)		(22,125	)
Net deferred tax assets	$	-		$	-