v3.26.1
Income Taxes - Schedule Of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Income Tax Disclosure [Abstract]    
U.S. Federal Statutory Income Tax (Benefit) $ (2,345) $ (1,838)
U.S. Federal Statutory Income Tax (Benefit) Percent 21.00% 21.00%
State and local income taxes, net of federal benefit [1] $ (569) $ (1,410)
State and local income taxes, net of federal benefit Percent [1] 5.10%  
Change in valuation allowance $ 3,040 4,034
Change in valuation allowance Percent (27.20%)  
Nontaxable / nondeductible items (permanent items) $ 91  
Permanent items   (330)
Nontaxable / nondeductible items (permanent items), Percent (0.80%)  
Change in state tax rate, net of federal benefit $ 310  
Change in state tax rate, net of federal benefit Percent (2.80%)  
Tax credits   (456)
Other $ 167  
Other Percent (1.50%)  
Changes in unrecognized tax benefits / prior-period positions $ (668)  
Changes in unrecognized tax benefits / prior-period positions Percent 6.00%  
Fair value adjustment on common warrants $ (192)  
Fair value adjustment on common warrants, Percent 1.70%  
State deferred tax adjustments, net of federal benefit $ 173  
State deferred tax adjustments, net of federal benefit Percent (1.50%)  
Income Tax Provision/(Benefit) and Effective Income Tax Rate $ (5) $ 0
Income Tax Provision/(Benefit) and Effective Income Tax Rate, Percent 0.00%  
Total Provision $ 2  
Effective Income Tax Rate Reconciliation, Percent, Total 0.00% 0.00%
[1] For the year ended December 31, 2025, the net state income tax benefit includes deferred tax effects from temporary differences primarily in California, Illinois, and New Jersey, offset by current state income tax expense in California and New Jersey. These jurisdictions collectively represent more than 50% of the net state and local income tax effect.

 

The following is a reconciliation of the United States federal income tax statutory rate to the Company's effective income tax rate for the year ended December 31, 2024 as previously disclosed and prior to the adoption of ASU No. 2023-09 (in thousands).

 

 

Year Ended December 31,

 

 

 

2024

 

 

 

 

Amount

 

 

U.S. Federal Statutory Income Tax (Benefit)

 

 

(1,838

)

 

Increase (decrease) resulting from:

 

 

 

 

Change in valuation allowance

 

 

4,034

 

 

Permanent items

 

 

(330

)

 

Tax credits

 

 

(456

)

 

State

 

 

(1,410

)

 

Income Tax Provision/(Benefit) and Effective Income Tax Rate

 

 

-