Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

A reconciliation of income tax benefit to the amount computed by applying the Federal income tax rate to loss before provision for income taxes as of December 31, 2023 and 2022 is as follows:

A reconciliation of income tax benefit to the amount computed by applying the Federal income tax rate to loss before provision for income taxes as of December 31, 2023 and 2022 is as follows:

	2023			2022
Income tax credit at statutory rates	$	(921	)	$	(551	)
Over/Under Accrual of Income Taxes		(3	)		(17	)
Nondeductible Expenses		23			—
Record Tax Credits		(118	)		—
Permanent tax deduction stock options exercised		(63	)		(273	)
State income tax, net of federal benefits		(165	)		(124	)
Expiration of NOL & credits		1,492			1,149
Effect of change in deferred tax rate		45			69
Expiration of stock options		60			75
Other		—			2
Change in valuation allowance		(344	)		(347	)
	$	6			(17	)

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our deferred income taxes consist of the following:

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our deferred income taxes consist of the following:

	As of December 31,
	2023			2022
Deferred tax liabilities:
Excess tax depreciation	$	(477	)		(253	)
ASC 892 Operating Lease Asset		(1,975	)		—
Total deferred tax liabilities		(2,452	)		(253	)
Deferred tax assets:
Net operating loss carryforwards	$	12,020		$	13,416
179 Carryforwards		245			117
163(j) Business interest limitation carryforwards		302			98
Deferred revenue		—			202
Inventory and other allowances		239			177
Excess (tax) book depreciation		—			—
Excess (tax) book amortization		60			59
174 research & experimental expenditures		902			480
Share-based compensation		530			394
Tax Credits		118			—
ASC 892 Operating Lease Liability		2,610			—
Other accrued costs		13			238
Total deferred tax assets		17,039			15,181
Less: Valuation allowance		(14,587	)		(14,928	)
Deferred income taxes	$	—		$	—