Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes Based on Loss from Operations

The provision (benefit) for income taxes is based on loss from operations before provision for income taxes and noncontrolling interests as follows ($ in thousands):

	Years Ended December 31,
Pre-tax book income	2022		2021
United States	$	(56,175)	$	(28,974)
Australia	(529)		—
Total	$	(56,704)	$	(28,974)

Schedule of Benefit from Income Taxes

The provision (benefit) from income taxes was as follows ($ in thousands):

	Years Ended December 31,
	2022		2021
Current
U.S. Federal	$	—	$	—
State and local	—		—
	$	—	$	—
Deferred
U.S. Federal	$	—	$	—
State and local	(2,479)		(1,508)
	$	(2,479)	$	(1,508)
Total
U.S. Federal	$	—	$	—
State and local	(2,479)		(1,508)
	$	(2,479)	$	(1,508)

Schedule of Reconciliation of Effective Income Taxes

The provision (benefit) for income taxes is determined by applying the U.S. Federal statutory rate of 21% to income before income taxes, and the components are set forth below ($ in thousands):

	Years Ended December 31,
	2022		2021
U.S. Federal benefit at statutory rate	$	(11,908)	$	(6,085)
Permanent non deductible expenses for U.S. taxes	7,238		320
Change in state deferred	8,604		622
Tax Return to Provision	(1)		2,277
Expired options	162		—
Other true ups	(25)		1,407
AUS Foreign Rate Differential	(21)		—
Section 382 NOL Limitation	18,553		35,438
Sale of New Jersey State NOLs	(2,479)		(1,508)
Valuation allowance for deferred tax assets	(22,602)		(33,979)
Tax provision (benefit)	$	(2,479)	$	(1,508)

Schedule of Components Deferred Income Taxes

Deferred income taxes at December 31, 2022 and 2021 consist of the following ($ in thousands):

	December 31,
	2022		2021
Deferred Tax Assets:
Accumulated net operating losses (tax effected)	$	13,132	$	36,281
Right of use liability	136		201
Share-based compensation	3,027		3,086
Intangibles	944		97
Capitalized Research and Development	5,018		—
Accumulated depreciation	14		26
Accrued payroll	118		176
Other	579		526
Deferred tax assets	22,968		40,393
Deferred Tax Liabilities:
Right of use asset	$	(137)	$	(204)
Cash to Accrual	(99)		—
Deferred tax liabilities	(236)		(204)
Net deferred tax asset	22,732		40,189
Valuation allowance	(22,732)		(40,189)
Net deferred tax asset	$	—	$	—

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:

	Years Ended December 31,
	2022		2021
Gross unrecognized tax benefit, beginning of period	$	—	$	—
Additions based on tax positions related to the current year	—		—
Additions based on tax positions related to the prior years	344		—
Reductions due to lapse in statute of limitations and settlements	—		—
Gross Unrecognized tax benefit, end of period	$	344	$	—