Income Taxes - Components of Deferred Tax Assets (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Deferred tax assets: | ||
| Federal net operating loss carryforwards | $ 17,866 | $ 8,865 |
| State net operating loss carryforwards | 5,253 | 2,741 |
| Research and development (R&D) tax credits | 579 | 3,488 |
| Capitalized R&D expenses | 32,309 | 23,554 |
| Start-up costs | 9,583 | 10,386 |
| Stock based compensation | 3,962 | 6,696 |
| Accrued expenses | 70 | 911 |
| License fees | 505 | |
| Other | 405 | 403 |
| Total deferred tax assets before valuation allowance | 70,027 | 57,549 |
| Valuation allowance | (61,559) | $ (57,549) |
| Total deferred tax assets after valuation allowance | 8,468 | |
| Deferred tax liabilities: | ||
| Unrealized gain on digital asset receivable | (13,586) | |
| Total deferred tax liabilities | (13,586) | |
| Net deferred tax assets (liabilities) | $ (5,118) |
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from capitalized research and development expenses. No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to license fees. No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from start-up costs. No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from unrealized (gains) losses on crypto assets. No definition available.
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- References No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary difference from in-process research and development cost acquired in business combination or from joint venture formation or both. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible domestic operating loss carryforwards. Excludes state and local operating loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible state and local operating loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences, classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from reserves and accruals. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences without jurisdictional netting. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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