v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Taxes  
Schedule of provision (benefit) for income taxes

  ​ ​ ​

December 31,

2025

  ​ ​ ​

2024

Current provision (benefit):

  ​

  ​

Federal

$

$

State

Total current provision

Deferred tax provision (benefit):

Federal

(9,936)

(7,368)

State

(1,876)

(1,860)

Change in valuation allowance

11,812

9,228

Total deferred provision

Total provision (benefit) for income taxes

$

$

Schedule of net deferred tax assets

  ​ ​ ​

December 31,

2025

  ​ ​ ​

2024

Deferred tax assets:

 

  ​

 

  ​

Net operating loss carryforwards

$

39,504

$

27,812

Research and development costs

 

13,244

 

10,950

Stock-based compensation

 

9,642

 

10,534

Deferred revenue

 

945

 

1,527

Lease liability

 

4,392

 

4,985

Tenant incentive

1,088

1,359

Accruals and other

 

1,401

 

1,912

Deferred tax liabilities:

 

 

ROU asset

 

(2,673)

 

(2,976)

Depreciation and other

 

(1,006)

 

(1,234)

 

66,537

 

54,869

Valuation allowance

 

(66,537)

 

(54,869)

Net deferred tax assets

$

$

Schedule of Income tax expense reconciled to the tax computed at statutory rates

  ​ ​ ​

Year Ended December 31, 2025

Amount

  ​ ​ ​

Percent

  ​ ​ ​

U.S Federal statutory rate

$

(9,372)

$

21.0

%

Changes in valuation allowance

12,472

(27.9)

%

Establishment of deferred tax assets and deferred tax liabilities related to SeQure acquisition

(5,885)

13.2

%

Nontaxable or nondeductible items

Stock compensation

796

(1.8)

%

Goodwill impairment

746

(1.7)

%

Other

1,243

(2.8)

%

Total Income Tax Expense

$

$

%

  ​ ​ ​

Year Ended December 31, 2024

Amount

  ​ ​ ​

Percent

  ​ ​ ​

U.S Federal statutory rate

$

(8,583)

$

21.0

%

Changes in valuation allowance

7,805

(19.1)

%

Nontaxable or nondeductible items

Stock compensation

393

(1.0)

%

Other

385

(0.9)

%

Total Income Tax Expense

$

$

%