v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Taxes [Abstract]  
Components of Net Deferred Tax Assets
The components of the net deferred tax assets are as follows at December 31:
 
                 
    2025     2024  
    (in thousands)  
Operating loss carryforwards
  $ 69,301     $ 63,057  
Tax credit carryforwards
    9,016       9,010  
Other temporary differences
    17,349       18,276  
      95,666       90,343  
Less valuation allowance
    (95,666     (90,343
Net deferred tax asset
  $   —       $   —    
Primary Factors Affecting Income Tax Rates
The primary factors affecting the Company’s income tax rates were as follows:
 
                             
    Year ended December 31,  
    2025     2024  
    Amount     
Percent
    Amount     
Percent
 
Tax benefit as U.S. statutory rates
  $ (6,224  (21.0 )%   $ (9,778  (21.0 )%
State income tax benefit
    (663  (2.2     (1,181  (2.5
Permanent differences
    145    0.5 %     74    0.1 %
Other
    (139  (0.5 )%     (1,880  (4.0 )%
Change in valuation allowance
    6,881    23.2 %     12,765    27.4 %
                             
Total effective income tax rate
  $ —       %   $ —       %