v3.26.1
Income Taxes
9 Months Ended
Sep. 30, 2025
Income Taxes [Abstract]  
Income taxes

Note 14 — Income taxes

 

As of September 30, 2025 and December 31, 2024, the Company’s deferred tax asset had a full valuation allowance recorded against it. The effective tax rate for the three and nine months ended September 30, 2025, were 0.00% and (0.03) %, respectively. The effective tax rate for the three and nine months ended September 30, 2024 were 0.00% and 0.00%, respectively. The effective tax rate differs from the federal and state statutory tax rate of 21.0% primarily due to the valuation allowance on the deferred tax assets. The Company continues to maintain a full valuation allowance against its deferred tax assets due to historical losses and uncertainty around future taxable income.