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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (BENEFIT)

The provision/(benefit) for Income Taxes for the years ended December 31, 2024 and 2023, consists of the following:

 

   2024   2023 
   Year Ended December 31, 
   2024   2023 
         
Current Tax Expense/(Benefit)  $-   $- 
Deferred Tax Expense/(Benefit)   (2,712)  $(4,333)
Change in Valuation Allowance   2,712    4,333 
Income Tax Provision/(Benefit)  $-   $- 
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

The Company’s effective income tax rate is different from the federal statutory tax rate in 2024 predominantly due to the valuation allowance, permanent differences, and state taxes. A reconciliation of the statutory U.S. Federal Tax Rate to the Company’s Effective Tax Rate is as follows:

 

   2024   2023 
   Year Ended December 31, 
   2024   2023 
         
U.S. Statutory Federal Income Tax Rate  $(1,234)  $(6,355)
State Income Taxes, net of Federal Income tax Benefit   (67)   (421)
Permanent differences and other   (1,411)   2,433 
Valuation Allowance   2,712    4,333 
Income Tax Provision/(Benefit)  $-   $- 
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

Deferred income taxes represent the tax effect of transactions that are reported in different periods for financial and tax reporting purposes. The combined temporary differences and carryforwards of each tax paying component of the Company that give rise to a significant portion of the deferred income tax benefits and liabilities are as follows as of December 31, 2024 and 2023:

 

   2024   2023 
   Year Ended December 31, 
   2024   2023 
         
Deferred income tax assets:          
Net operating loss carryforwards  $18,832   $17,002 
Sec. 174 capitalization   1,931    1,494 
Research and development credits   81    81 
Stock Based Compensation   1,708    1,447 
Accruals and Other   925    994 
Total deferred tax assets (gross)   23,477    21,018 
Less valuation allowance   (23,015)   (20,302)
Net deferred tax assets   462    716 
           
Deferred income tax liabilities:        - 
Depreciation and other   (462)   (716)
Net deferred tax liabilities  $(462)  $(716)
Net deferred income taxes  $-   $-