INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of reconciliation of income tax

The significant differences between the U.S. Federal statutory rate and our effective rate for financial reporting purposes are as follows:

	Years Ended December 31,
	2024		2023
Federal statutory tax rate	(21.0)	%	(21.0)	%
State taxes, net of federal tax benefit	(3.8)		(3.8)
Change in valuation allowance	23.7		23.5
Return-to-provision and other	0.2		0.1
Stock-based compensation	0.9		1.2
Effective tax rate	—	%	—	%

Schedule of deferred tax assets and liabilities

Deferred income tax assets and liabilities consist of the following (in thousands):

	As of December 31,
	2024		2023
Deferred income tax assets:
Federal and state net operating loss carryovers	$	23,376	$	22,167
Capitalized research costs	859		608
Stock-based compensation	283		260
Compensation accruals and other	45		59
Operating leases related to ROU assets	—		54
Deferred revenue	3		4
Depreciation	13		11
Other	—		2
Total deferred income tax assets	24,579		23,165
Valuation allowance for deferred income tax assets	(24,579)		(23,113)
Deferred income tax assets, net of valuation allowance	—		52
Deferred income tax liabilities:
ROU assets	—		(52)
Total deferred income tax liabilities	—		(52)
Deferred income tax assets, net	$	—	$	—