v3.26.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of federal statutory income tax to the Company’s provision for income taxes as of December 31, 2025 and December 31, 2024:

 

   Year Ended
December 31,		   Year Ended
December 31,		 
   2025   2024 
       (Restated) 
Expected provision at statutory federal rate  $(117,042)  $(150,544)
Permanent differences   1,583    1,205 
Permanent return to provision adjustments   69,551    - 
Deferred true-ups   (93,102)   48,058 
Change in valuation allowance   139,010    101,281 
Total provision for income taxes  $-   $- 
Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2025 and December 31, 2024 are as follows:

 

   Year Ended
December 31,		   Year Ended
December 31,		 
   2025   2024 
(In thousands)        
Deferred tax assets:        
Net operating loss carryforwards  $3,712   $3,742 
Reserves   364    451 
Investments - unrealized   23    63 
Other   65    62 
Gross deferred tax assets   4,164    4,318 
Valuation allowance   (3,192)   (3,329)
Net deferred tax assets  $972   $989 
           
Deferred tax liabilities:          
Deferred acquisition costs   (872)   (784)
Other   (100)   (205)
Net deferred tax liabilities  $(972)  $(989)
           
Net deferred tax asset (liability)  $-   $- 
Schedule of Operating Loss Carryforwards

As of December 31, 2025, we had total net operating loss carryforwards of $19.1 million. Some of these net operating loss carryforwards, if unused, will begin to expire in 2031.

 

2031-2037  $4,172,660 
Indefinite lived   14,954,690 
Total  $19,127,350