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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Components of Provision for Income Taxes
The provision for income taxes consists of the following (amount in thousands):
December 31,
20242023
Current provision:
Federal$— $— 
State85 63 
Total current85 63 
Deferred expense (benefit):
Federal(998)135 
State(109)(50)
Total deferred(1,107)85 
Income tax expense (benefit)$(1,022)$148 
Schedule of Reconciliation of the Statutory U.S. Federal Rate to the Company's Effective Tax Rate
A reconciliation of the statutory U.S. federal rate to the Company’s effective tax rate consists of the following (amount in thousands):
For the Years Ended December 31,
20242023
Provision for federal income taxes at statutory rates$(4,761)21 %$(5,006)21 %
Provision for state income taxes, net of federal benefit(19)— %(388)2 %
Change in valuation allowance252(1)%4,785(20)%
Nondeductible expenses350(2)%10— %
Stock compensation adjustments3,287(14)%737(3)%
Other(131)1 %10— %
Income tax expense (benefit)$(1,022)5 %$148 — %
Effective Tax Rate4.5%0.6% 
Schedule of Tax Effects of the Temporary Differences and Carryforwards
The tax effects of the temporary differences and carryforwards that give rise to the deferred tax assets consist of the following (amount in thousands):
December 31,
20242023
Deferred tax assets
Net operating loss carryforward$12,564 $11,376 
Property and equipment139 112 
Reserves587 134 
Share based compensation1,229 3,963 
Interest expense carryforward173 60 
Research and development credits35 35 
Lease liability1,095 1,228 
Basis in partnership2 2 
Internally developed software12 — 
Charitable contributions carryover34 36 
Total deferred tax assets15,870 16,946 
Deferred tax liabilities  
Intangibles(1,512)(2,693)
Internally developed software— (499)
Right-of-Use assets(870)(956)
Prepaid expenses(374)(269)
Total deferred tax liabilities(2,756)(4,417)
Valuation allowance(13,162)(12,911)
Deferred tax liability, net$(48)$(382)