Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Loss Before Income Taxes

Loss before income taxes are as follows:

	2024			2023
Domestic	$	(1,874	)		(4,073	)
Foreign		-			(121	)
Total	$	(1,874	)	$	(4,194	)

Schedule of Components of Income Tax Expense (Benefit)

The expense/(benefit) for income taxes for the years ended December 31 includes the following (in thousands):

	2024		2023
Current:
Federal	$	14	$	(16	)
State		10		2
Total current tax provision		24		(14	)
Deferred:
Federal		-		-
State		-		-
Total deferred tax provision		-		-
Income tax expense (benefit)	$	24	$	(14	)

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of the federal statutory income tax rate to our effective tax rate for the years ended December 31 is as follows (in thousands):

	2024			2023
Expected provision at federal statutory tax rate at 21%	$	(395	)	$	(881	)
Increase in valuation allowance		447			688
State and local taxes		(197	)		21
Federal research and development credits		-			(75	)
Non-deductible expenses		86			37
Disposition of Tantaline		-			193
Other		83			3
Income tax expense (benefit)	$	24		$	(14	)

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences giving rise to significant portions of the net deferred taxes as of December 31 are as follows (in thousands):

	2024			2023
Deferred income tax assets:
Net operating loss carryforwards	$	679		$	849
R&D tax credit carryforwards		1,722			1,863
Compensation costs		235			113
Vacation accrual		118			153
Intangible assets		38			38
Capitalized research and development		1,096			759
Other items		676			303
Deferred income tax assets		4,564			4,078
Less: valuation allowance		(4,098	)		(3,646	)
Deferred income tax assets, net of valuation allowance		466			432
Deferred incomes tax liability:
Property, plant and equipment		(384	)		(365	)
Prepaid expenses		(82	)		(67	)
Deferred income tax asset, net	$	-		$	-