Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Tax Attributable to Continuing Operations

The provision for income tax attributable to continuing operations for the years ended December 31 is as follows:

	2023			2022
Current provision:
Federal	$	(1	)	$	63
State		10			-
Total current provision		9			63
Deferred provision:
Federal		-			-
State		-			-
Total deferred provision		-			-
Provision:
Federal		(1	)		63
State		10			-
Total provision	$	9		$	63

Schedule of Income Tax Expense at the Statutory Tax Rate

Income tax expense at the statutory tax rate is reconciled to the overall income tax expense for the years ended December 31 as follows:

	2023			2022
Federal income tax from continuing operations at statutory rates	$	(1,090	)	$	(2,129	)
State income taxes, net of federal tax effect		(64	)		(89	)
Permanent differences		-			-
Rate difference in NOL Carryback		-			57
Other		(77	)		22
Change in state tax rate		-			149
Income taxes from discontinued operations		-			-
Change in valuation allowance		1,240			2,053
Provision for income taxes	$	9		$	63

Schedule of Net Deferred Tax Assets and Liabilities

The net deferred tax assets and liabilities as of December 31, 2023 and 2022 are comprised of the following:

	2023			2022
Deferred tax assets:
Net operating loss carryforwards	$	3,885		$	2,744
Accounts receivable		30			20
Inventories		31			173
Accrued vacation and bonus		4			67
Intangibles and Goodwill		395			335
Operating lease liabilities		554			610
Other		264			231
Total deferred tax assets		5,163			4,180
Deferred tax liabilities:
Operating lease right-of-use assets		(303	)		(546	)
Prepaid expenses		(8	)		(22	)
Total deferred tax liabilities		(311	)		(568	)
Net deferred tax asset, before allowance		4,852			3,612
Valuation allowance		(4,852	)		(3,612	)
Net deferred tax asset	$	-		$	-

Schedule of Net Operating Losses and Tax Credit Carryforwards

Net operating losses and tax credit carryforwards as of December 31, 2023 are as follows:

			Expiration Years
Net operating losses, federal (After December 31, 2017)	$	17,531	Do not expire
Net operating losses, state (After December 31, 2017)	$	3,481	Do not expire
Tax credits, federal	$	8	2042

The Company’s ability to utilize its net operating loss (“NOL”) carryforwards may be substantially limited due to ownership changes that could occur in the future, as required by Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”), as well as similar state provisions. These ownership changes may limit the amount of NOL carryforwards that can be utilized annually to offset future taxable income and tax, respectively. Further, if the Company experiences such an ownership change and does not satisfy certain requirements in Section 382 of the Code to continue its business enterprise (which generally requires that the Company continue its historic business or use a significant portion of its historic business assets in a business for the two-year period beginning on the date of the ownership change), its NOL carryforwards may be disallowed, subject to certain exceptions. In general, an “ownership change,” as defined by Section 382 of the Code, results from a transaction or series of transactions over a three-year period resulting in an ownership change of more than 50 percent of the outstanding stock of a company by certain stockholders or public groups.