Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 8. Income Taxes
As of June 30, 2025 and December 31, 2024, the Company maintained a full valuation allowance on deferred tax assets. The income tax benefit recorded during the three and six months ended June 30, 2025 and 2024 was for the Company’s estimates for its state research and development tax credits in each given year.
In July, 2025, the “One Big Beautiful Bill Act” (the “Act”) was enacted into law. The Act includes changes to U.S. tax law that will be applicable to the Company beginning in fiscal year 2026. These changes include, among others, modifications to capitalization of research and development expenses. We are currently in the process of evaluating the impact of the Act on our Condensed Consolidated Financial Statements. |