Income Taxes (FASB ASC 740 Income Taxes) (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Net Deferred Tax Assets and Liabilities

The components of the net deferred tax assets and liabilities as of December 31, 2022 and 2021 consist of the following:

	(in thousands)
Deferred tax assets:	December 31,
	2022			2021
Net operating losses	$	19,674		$	15,988
Research and Development costs		7,647			7,077
Amortization & depreciation		2,342			1,107
R&D credits		744			82
Other		77			54
ROU		2			—
Stock compensation		63			708
Total deferred tax assets		30,549			25,016
Less: Valuation allowance		(29,431	)		(23,711	)
Deferred tax assets, net	$	1,118		$	1,305

Schedule of Effective Tax Rate and Statutory Tax Rate

Reconciliation between the effective tax rate on income from continuing operations and the statutory tax rate is as follows (in thousands):

Pre Tax Book Loss	$	(19,498	)
Federal Rate		(4,095	)	21.0	%
State Taxes		(1,640	)	8.4	%
RTP		(1,590	)	8.2	%
Other		1,606		-8.2	%
Valuation Allowance		5,719		-29.4	%
Total		—		0.0	%