v3.26.1
The components of deferred income assets and liabilities as of December 31, 2025 and 2024 are as follows (in thousands): (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred Tax:    
Accruals and reserves $ 493 $ 523
Capitalized R&E §174 6,722
Lease ROU 455 379
Stock compensation 2,407 1,992
Net operating loss 65,351 52,588
R&D credit 9,261 9,459
Gross deferred tax assets 77,967 71,663
Investment in subsidiary (1,924) (1,924)
Accumulated depreciation and amortization (216) (158)
Gross deferred tax liabilities (2,140) (2,082)
Valuation Allowance (75,827) (69,581)
Total Deferred Tax Assets, Net
Change in Valuation Allowance for the Year Ended $ 6,246 $ 8,702