v3.26.1
Income Taxes (Tables) - Forge Nano, Inc.
12 Months Ended
Dec. 31, 2025
Income Taxes  
Schedule of income (loss) before provision for income taxes

  ​ ​ ​

2025

  ​ ​ ​

2024

Domestic

$

(43,174)

$

(26,984)

Foreign

 

 

Total

$

(43,174)

$

(26,984)

Schedule of federal statutory income tax

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

 

Federal income tax expense (benefit) attributable to:

Current operations

$

(9,067)

$

(5,667)

 

21.00

%  

21.00

%

State tax effect - Net of federal benefit

 

(639)

 

(230)

 

1.50

%  

0.86

%

Permanent differences

 

1,640

 

247

 

(3.47)

%  

(0.92)

%

Other adjustments

 

6

 

17

 

0.00

%  

(0.06)

%

Valuation allowance

 

8,060

 

5,633

 

(19.02)

%  

(20.88)

%

Net provision for federal income tax

$

$

 

0.00

%  

0.00

%

Summary of deferred tax assets and liabilities

  ​ ​ ​

2025

  ​ ​ ​

2024

Deferred tax asset attributable to:

Net operating loss carryover

$

22,716

$

15,970

Accrued bonus

189

 

175

Stock compensation expense – NSOs/RSAs

222

 

90

Provision for loss on contracts

117

 

Fixed assets

558

Other reserves

172

 

198

Operating lease liability

14,610

 

666

Section 174 expenditures

503

 

728

Deferred revenue

516

 

15

Sundew acquisition - earnout liability FMV

 

361

 

192

Total deferred tax assets

39,964

 

18,034

Less: valuation allowance

 

(24,960)

 

(16,903)

Net deferred tax assets

15,004

1,131

Deferred tax liabilities attributable to:

 

  ​

Fixed assets

 

(235)

Intangibles

(240)

 

(269)

Goodwill

(10)

 

(2)

Operating lease ROU assets

(14,754)

 

(625)

Total deferred tax liabilities

(15,004)

 

(1,131)

Net deferred tax assets (liabilities)

$

$