v3.25.4
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Provision For Income Taxes

The provision for income taxes consists of the following (in thousands):

 

         
   Year Ended December 31, 
   2025   2024 
Deferred:        
Federal  $(2,263)  $(2,577)
State and local   65    378 
Total deferred income tax expense (benefit)   (2,198)   (2,199)
Valuation allowance   2,198    2,199 
Income tax benefit  $   $ 
Schedule of Reconciliation of Federal Income Tax Rate

The provision for income taxes varies from the amount determined by applying the U.S. federal statutory rate to income before income taxes as a result of the following (in thousands):

 

                 
   Year Ended December 31, 
   2025       2024 
   Amount   Percent   Amount   Percent 
U.S. Federal statutory income tax rate  $(4,545)   21.0%  $(5,049)   21.0%
State and local income taxes, net of federal tax effect   29    -0.1%   -    0.0%
Changes in U.S. federal tax valuation allowance   2,263    -10.5%   2,577    -10.7%
Nontaxable or nondeductible items              `
Performance share unit award   1,500   -6.9%   1,504    -6.3%
Stock compensation permanent differences   378    -1.7%   424    -1.8%
Contingent consideration permanent differences   456    -2.1%   378    -1.6%
Other   73    -0.4%   166    -0.6%
Other adjustments   (154)   0.7%   -    0.0%
Effective income tax rate  $-    %  $-    %
Schedule of Components of Deferred Tax Asset and Liabilities

The components of net deferred tax assets and liabilities are as follows (in thousands):

 

         
   Year Ended December 31, 
   2025   2024 
Current accruals  $1,064   $1,001 
Operating lease liabilities   1,236    1,372 
Deferred revenue   69    30 
Depreciation and amortization   516    4,058 
Deferred compensation   1,474    1,402 
Net operating loss carryovers   38,433    33,198 
Tax credit carryovers   537    462 
Deferred tax assets   43,329    41,523 
Valuation allowance   (41,049)   (38,851)
Net deferred tax assets before deferred tax liabilities   2,280    2,672 
Operating lease right-of-use assets   (1,117)   (1,252)
Amortization of intangibles   (1,132)   (1,333)
Inventory   (6)   (69)
Capitalized compensation costs   (25)   (18)
Net deferred tax assets  $-   $-