Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Income by Geographical Location

The Company has operations in the United States and Canada. The components of income (loss) before the provision for income taxes are as follows (in thousands):

	2024			2023
	For the year ended December 31,
	2024			2023
United States	$	(10,046	)	$	(33,827	)
Foreign		(81	)		65
Total loss before income taxes	$	(10,127	)	$	(33,762	)

Schedule of Components of Income Tax

The components of the income tax provision for the years ended December 31, 2024 and 2023 were as follows (in thousands):

	2024		2023
	As of December 31,
	2024		2023
Current federal	$	-	$	-
Current state		2		-
Current foreign		-		18
Total current tax provision (benefit)	$	2	$	18
Deferred federal		-		-
Deferred state		-		-
Deferred foreign		-		-
Total deferred tax provision (benefit)	$	-	$	-
Total income tax provision	$	2	$	18

Schedule of Reconciliation Income Tax Expense

A reconciliation of the U.S. federal statutory income tax rate to the Company’s effective income tax rate is as follows:

	2024			2023
	As of December 31,
	2024			2023
Tax provision at statutory rate		21.0	%		21.0	%
State taxes, net of federal benefit		1.2	%		0.2	%
Stock-based compensation expense		(1.0	)%		(0.9	)%
Permanent differences - other		(1.2	)%		(0.2	)%
Change in fair value of convertible notes		0.0	%		(11.0	)%
Change in fair value of warrants		0.0	%		(5.7	)%
Change in fair value of Yorkville Note		(1.5	)%		0.0	%
SEPA commitment fee		(1.0	)%		0.0	%
Change in valuation allowance		(17.9	)%		(3.4	)%
Other, net		0.4	%		(0.1	)%
Effective income tax rate		0.0	%		-0.1	%

Schedule of Deferred Income Taxes

The tax effects of temporary differences that give rise to significant components of the deferred tax assets and liabilities are as follows (in thousands):

	2024			2023
	As of December 31,
	2024			2023
Deferred tax assets
Net operating loss carryforwards	$	9,092		$	7,393
Capitalized research costs		584			337
Fixed assets		21			25
Other		37			4
Total gross deferred tax assets		9,734			7,759
Less: valuation allowance		(9,551	)		(7,753	)
Net deferred tax assets	$	183		$	6
Deferred tax liabilities
Other	$	(183	)	$	(6	)
Total deferred tax liabilities	$	(183	)	$	(6	)
Net deferred taxes	$	-		$	-

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