Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the expected income tax (benefit) computed using the federal statutory income tax rate to the Company’s effective income tax rate is as follows:

		2022				2021
		Year ended December 31,
		2022				2021

Income tax computed at federal statutory tax rate			21.00	%			21.00	%
State taxes			(5.85	)%			(0.09	)%
Permanent differences – non-deductible expenses			(37.93	)%			(1.03	)%
Change in fair value of contingent consideration			133.62	%			0.78	%
Change in fair value of warrant liabilities			576.27	%			(7.13	)%
True-ups			(7.42	)%			-
Change in valuation allowance			(685.54	)%			(13.62	)%
Effective income tax rate			(5.85	)%			(0.09	)%

Schedule of Deferred Tax Assets and Liabilities

The principal components of the Company’s deferred tax assets and liabilities consist of the following at December 31, 2022 and 2021:

(in thousands)		December 31, 2022				December 31, 2021
Deferred tax assets (liabilities):
Net operating loss carryforwards		$	30,450			$	24,307
Intangible assets			4,824				5,132
Acquisition contract liabilities			(96	)			(187	)
Property and equipment			123				103
Accrued expenses and reserves			890				1,693
Stock based compensation			449				-
Lease liability			361				-
Other			-				6
ROU asset			(369	)			-
Investment revaluation			(469	)			-
Total deferred tax assets			36,163				31,054
Less valuation allowance			(36,163	)			(31,054	)
Net deferred taxes		$	-			$	-