INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Summary of Income before Income Tax, Domestic and Foreign

The components of loss from continuing operations before the benefit from income taxes are as follows:

	For the Year Ended December 31,
$ in thousands	2024		2023
Domestic	$	(19,854)	$	(29,039)
Foreign	—		—
Total	$	(19,854)	$	(29,039)

Summary of Components of Provision (Benefit) Income Taxes

The components of the benefit from income taxes from continuing operations consist of the following:

	For the Year Ended December 31,
$ in thousands	2024		2023
Current tax provision:
Federal	$	—	$	—
State	(69)		—
Foreign	—		—
Total current tax benefit	(69)		—
Deferred tax provision:
Federal	—		—
State	—		—
Foreign	—		—
Total deferred tax provision	—		—
Total benefit from income taxes	$	(69)	$	—

Summary of Effective Income Tax Rate Reconciliation

A reconciliation of the amounts at U.S. federal statutory tax rate to the Company’s effective tax rate for continuing operations is as follows:

	For the Year Ended December 31,
$ in thousands	2024		2023
Benefit at federal statutory rate	$	(4,170)	$	(6,248)
State income taxes, net of federal tax benefits	(301)		—
Change in valuation allowance	4,430		(13,002)
Other, net	(28)		19,250
Benefit from income taxes	$	(69)	$	—

Summary of Components of Deferred Tax Assets and Liabilities

Deferred income taxes are provided for the tax effect of temporary differences between the financial reporting basis and the tax basis of assets and liabilities. Significant components of the Company’s deferred tax assets (liabilities) are as follows:

	As of December 31,
$ in thousands	2024		2023
Deferred tax assets:
Net operating loss carryforwards	$	38,263	$	40,132
Intangibles	656		960
Stock-based compensation	765		740
Capitalized costs	6,179		7,484
Interest Expense Limitation Carryforward	8,024		7,035
Environmental liabilities	4,184		4,492
Fixed Assets	594		—
Other	4,085		3,908
Gross deferred tax assets	62,750		64,751
Less: valuation allowance	(62,285)		(63,681)
Deferred tax assets, net	465		1,070
Deferred tax liabilities:
Investment in partnership	—		—
Property and equipment	—		(1,070)
Other	(465)		—
Deferred tax liabilities	(465)		(1,070)
Total net deferred tax assets	$	—	$	—