Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes

Schedule of TRS income (loss) before provision for income taxes

	For the years ended
($ in thousands)	December 31, 2024		December 31, 2023
United States	$	(338)	$	(2,722)
International		—		—
Total	$	(338)	$	(2,722)

Schedule of federal and state income tax provision (benefit)

	For the years ended
($ in thousands)	December 31, 2024		December 31, 2023
Current:
Federal	$	2	$	(144)
State		—		(41)
Total Current Tax (Benefit) Expense	$	2	$	(185)
Deferred:
Federal		(18)		19
Total Tax (Benefit) Expense	$	(16)	$	(166)

Schedule of TRS deferred tax assets

($ in thousands)	December 31, 2024		December 31, 2023
Deferred tax assets:
Net operating loss	$	1,986	$	1,996
Stock Compensation		12		5
Deferred Revenue		—		3
Charitable Contributions		5		4
Total deferred tax assets	$	2,003		2,008
Deferred tax liabilities:
Fixed assets	$	(13)	$	(15)
Intangible Assets		(86)		(181)
Total deferred tax liabilities	$	(99)	$	(196)
Valuation Allowance		(1,925)		(1,851)
Net deferred taxes	$	(21)	$	(39)

Summary of net operating losses and tax credit carryforwards

($ in thousands)	December 31, 2024		Expiration Year
Net operating losses, federal (Post-December 31, 2017)	$	7,683		Does not expire
Net operating losses, state	$	5,386		Various

Schedule of components of income tax rate

	Tax (Benefit) Expense
	For the years ended December 31,
($ in thousands	2024		2023
Statutory Rate	$	(71)	$	(571)
State Tax		(19)		(191)
Valuation Allowance		74		596
	$	(16)	$	(166)

	Tax Rate
	For the years ended December 31,
	2024			2023
Statutory Rate		21.00	%		21.00	%
State Tax		5.62	%		7.02	%
Valuation Allowance		(21.89)	%		(21.92)	%
		4.73	%		6.10	%