Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes for the years ended December 31, 2023 and 2022 consisted of the following:

	2023			2022
Deferred provision - federal	$	4,802		$	9,767
Deferred provision - state		1,653			4,054
		6,455			13,821
Net change to valuation allowance		(6,455	)		(13,821	)
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, 2023 and 2022 is as follows:

	2023			2022
Statutory U.S. tax rate		21.0	%		21.0	%
State taxes, net of federal benefit		5.6			9.0
Fair value adjustments on convertible debentures		-			(7.1	)
Forward purchase agreement		-			(8.5	)
Other		0.1			0.1
Nondeductible expenses		(4.4	)		-
Valuation allowance		(22.5	)		(14.5	)
Effective tax rate		-	%		-	%

Schedule of Net Deferred Tax Assets

The components of the net deferred tax assets at December 31, 2023 and 2022 were as follows:

	2023			2022
Deferred tax assets:
Accrued compensation	$	482		$	3,817
Net operating loss carryforwards		22,873			17,193
Capitalized software		682			1,270
Property and equipment		12			7
Issuance fees on convertible debentures		2,970			-
Gross deferred tax assets		27,019			22,287
Valuation allowance		(27,009	)		(21,837	)
Total deferred tax assets		10			450
Deferred tax liabilities:
Prepaid expenses		(10	)		(450	)
Deferred tax liabilities		(10	)		(450	)
Net deferred tax assets	$	-		$	-