Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes [Abstract]

Schedule of Provision for Income Taxes

For the years ended December 31, 2022 and 2021, the Company did not record a provision for income taxes.

	2022			2021
Deferred provision - federal	$	9,767		$	3,372
Deferred provision - state		4,054			1,613
		13,821			4,985
Net change to valuation allowance		(13,821	)		(4,985	)
Total provision for income taxes	$	-		$	-

Schedule of Reconciliation of Income Taxes at the Statutory Federal Income Tax Rate

A reconciliation of income taxes at the statutory federal income tax rate to the effective income tax rate for the years ended December 31, 2022 and 2021 is as follows:

	2022			2021
Statutory U.S. tax rate		21.0	%		21.0	%
State taxes, net of federal benefit		9.0			7.0
Fair value adjustments on convertible debentures		(7.1	)		(14.9	)
Forward purchase agreement		(8.5	)		-
Other		(0.1	)		(0.1	)
Valuation allowance		(14.5	)		(13.0	)
Effective tax rate		-	%		-	%

Schedule of Net Deferred Tax Asset

The components of the net deferred tax asset were as follows:

	2022			2021
Deferred tax assets:
Accrued compensation	$	3,817		$	38
Net operating loss carryforwards		17,193			7,885
Capitalized software		1,270			-
Property and equipment		7			130
Issuance fees on convertible debentures		-			25
Gross deferred tax assets		22,287			8,078
Valuation allowance		(21,837	)		(8,027	)
Total deferred tax assets		450			51
Deferred tax liabilities:
Prepaid expenses		(450	)		(51	)
Deferred tax liabilities		(450	)		(51	)
Net deferred tax asset	$	-		$	-