Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.23.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of tax effects of the temporary differences and carry forwards
    December 31,     December 31,  
    2022     2021  
Net operating loss carryforwards   $ 8,438     $ 7,229  
Equity based compensation     923       986  
Amortization     25       6  
Lease liability     409       -  
Capitalized research costs     707       -  
Accruals and other temporary differences     78       2  
Gross Deferred Tax Assets     10,580       8,223  
Depreciation     (46 )     (46 )
Right of use asset     (388 )     -  
Accruals and other temporary differences    
-
     
-
 
Less Valuation Allowance     (10,146 )     (8,177 )
Net Deferred Taxes   $
-
    $
-
 

 

Schedule of reconciliation of the statutory income tax rates and the Company’s effective tax rate
    Year ended     Nine months
ended
 
    December 31,     December 31,  
    2022     2021  
Tax provision at statutory rate     21.0 %     21.0 %
State taxes, net of federal benefit     0.1 %     - %
Permanent items     (0.2 )%     0.6 %
Stock-based compensation     (4.0 )%     (6.3 )%
Change in fair value of warrant liability     1.5 %     - %
Deferred tax true-up / return to provision     (4.6 )%     8.7 %
Tax reform rate change     - %     (0.8 )%
Change in valuation allowance     (13.8 )%     (23.2 )%
Income taxes provision (benefit)    
-
%    
-
%