Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Deferred Tax Assets and Liabilities

The components of deferred income tax assets and liabilities are as follows:


	December 31,
	2025		2024
Deferred Tax Assets
Net operating loss carryforwards	$	18,352	$	9,512
Tax credits and other carryforwards	691		464
Section 174 expenditures	450		1,993
Warrant and Series E liabilities	2,670		—
Accrued liabilities and other items	669		332
Deferred Tax Assets	22,832		12,301
Deferred Tax Liability
Depreciation and amortization	(2,391)		(1,338)
Deferred Tax Liability	(2,391)		(1,338)
Deferred Tax Assets, Net	20,441		10,963
Valuation Allowance	(20,441)		(10,963)
Net Deferred Tax Asset	$	—	$	—

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the Company’s provision for income taxes at the federal statutory rate of 21% to the reported income tax provision for the years ended December 31, 2025 and 2024 is as follows:


	December 31,
	2025		2024
Computed “expected” tax benefit	$	(8,475)	$	(3,267)
Permanent differences	51		33
General Business tax credits	(227)		—
Other	(828)		157
Change in valuation allowance	9,479		3,077
Income Tax expense (benefit)	$	—	$	—