v3.25.4
Other income (expense), net (Tables)
 12 Months Ended
Dec. 31, 2025
Other Income and Expenses [Abstract]  
Schedule of Other income (expense), net Other income (expense), net is made up of the following expenses (in thousands):

 

 

For the year ended December 31,

 

 

 

2025

 

 

2024

 

Benefit from research and development tax credit

 

$

714

 

 

$

525

 

Pre-funded warrant issuance costs

 

 

(1,356

)

 

 

—

 

Loss on sale of investment held at fair value

 

 

—

 

 

 

(2,075

)

Loss on disposal of fixed assets

 

 

(692

)

 

 

—

 

Loss on lease termination

 

 

(408

)

 

 

—

 

Loss on extinguishment of debt

 

 

(1,317

)

 

 

—

 

Gain on settlement of pre-existing contract

 

 

—

 

 

 

5,567

 

Gain on dissolution of a variable interest entity, net

 

 

—

 

 

 

1,166

 

Gain on forgiveness accounts payable

 

 

—

 

 

 

331

 

Total other income (expense), net

 

$

(3,059

)

 

$

5,514