v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Taxes  
Schedule of loss before income taxes, domestic and foreign

  ​ ​ ​

2025

  ​ ​ ​

2024

Domestic

$

(15,621)

$

(15,026)

Foreign

 

(456)

 

(1,415)

$

(16,077)

$

(16,441)

Schedule of components of income tax expense (benefit)

For the years ended December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

Current:

 

  ​

 

  ​

Federal

$

$

State

 

13

 

30

Foreign

 

16

 

19

Deferred:

 

  ​

 

  ​

Federal

 

 

State

Foreign

$

29

$

49

Schedule of effective income tax rate reconciliation

For the years ended December 31, 

  ​ ​ ​

2025

In thousands

Percent

Income (loss) from operations before income taxes

$

(3,376)

21

%

Tax rate

 

State and Local Taxes (Net of Federal Income Tax Effect)

3

-0.02

%

Foreign Tax Effects

International Rate Differential - Netherlands

6

-0.04

%

International Rate Differential - Other

(59)

0.37

%

Foreign Tax Effects - VA

164

-1.02

%

Change in Valuation Allowance

2,927

-18.21

%

Nontaxable or nondeductible items

Meals & Entertainment

8

-0.05

%

JV and Foreign Tax Activity

(38)

0.23

%

Loss on Preferred Stock

723

(4.50)

%

Derivative Liability

17

(0.10)

%

Impairment

62

-0.38

%

Warrant Liability

(675)

4.20

%

Other Adjustments

Return to Provision Adjustment

87

-0.54

%

Asset Impairment Adjustment

24

-0.15

%

Stock-Based Compensation Deferred Adjustment

160

(1.00)

%

Deferred Adjustment

(4)

0.03

%

Effective Rate

29

(0.18)

%

For the year ended December 31, 

  ​ ​ ​

2024

Income (loss) from operations before income taxes

$

(16,441)

Tax rate

 

21

%

Computed “expected” tax benefit

 

(3,453)

State taxes, net of federal income tax benefit

 

(272)

Change in valuation allowance

 

2,556

Nondeductible expenses

 

268

Other Adjustments

1

Return to Provision Adjustment

(107)

International Rate Differential

(82)

State Deferred Rate Change

(100)

Asset Impairment Adjustment

37

Stock Option Forfeitures

1,074

Deferred Adjustment

 

127

Income tax expense

$

49

Schedule of deferred tax assets and liabilities

December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

Deferred income tax assets

 

  ​

 

  ​

Net operating loss carryforwards

$

68,541

$

64,730

Stock-based compensation

 

635

 

714

Intangible assets and fixed assets

 

6,741

 

6,775

Other

3,006

3,671

Total deferred tax assets

78,923

75,890

Valuation allowance

 

(75,618)

 

(71,980)

Net deferred income tax assets, net of valuation allowance

$

3,305

$

3,910

Deferred tax liabilities

Right of use assets

(254)

(867)

Prepaid expenses

(280)

(272)

Investment in Partnership

(2,771)

(2,771)

Deferred tax assets (liabilities), net of valuation allowance

Summary of valuation allowance

As of January 1, 2024

  ​ ​ ​

$

69,424

Charged to cost and expenses

 

2,452

Return to provision true-up and other

 

105

As of December 31, 2024

 

71,981

Charged to cost and expenses

 

3,649

Return to provision true-up and other

 

(12)

As of December 31, 2025

$

75,618