Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Reconciliation of Income Tax Expense

The provision for income taxes differs from the amount computed at federal statutory rates as follows for the year ended December 31:

	2023		2022
Federal income tax at statutory rates	$	(6,907)	$	(16,654)
State income tax at statutory rates	(636)		(2,737)
Change in valuation allowance	4,487		19,994
Warrant (benefit) expense (1)	194		(1,331)
Transaction costs (2)	375		—
Stock-based compensation	2,101		895
Other	396		(138)
Total income tax provision	$	10	$	29

(1) Represents a permanent item attributed to common stock mark-to-market adjustments.

(2) Represents costs associated with the February 2023 preferred stock issuance and the July 2023 reverse stock split

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred income tax assets (liabilities) are as follows as of December 31:

	2023		2022
Deferred tax assets
Accrued liabilities	$	2,509	$	2,734
Stock-based compensation	1,719		2,452
163(j) Interest expense limitation	1,823		1,051
Net operating loss carryforwards	43,726		38,042
174 Capitalization	4,195		5,379
Lease Liability	289		800
Other	1,153		802
Total deferred income tax assets	$	55,414	$	51,260
Deferred tax liabilities
ROU Asset	(228)		(554)
Other	(23)		(30)
Total deferred tax liabilities	(251)		(584)
Valuation allowance	$	(55,163)	$	(50,676)
Net deferred tax asset (liability)	$	—	$	—