v3.26.1
Income Taxes
 6 Months Ended
Jun. 30, 2026
Income Taxes [Abstract]  
Income Taxes

Note 11 — Income Taxes

 

The components of (loss)/income before income taxes were as follows:

 

    For the Three Months Ended
June 30,		     For the Six Months Ended
June 30,		  
    2026     2025     2026     2025  
                         
United States   $ (3,193,922 )   $ (179,553 )   $ (3,681,370 )   $ (372,822 )
Ireland     (131,491 )     181,362       (348,975 )     227,856  
(Loss)/Income before income taxes   $ (3,325,413 )   $ 1,809     $ (4,030,345 )   $ (144,966 )

 

No income tax expense was recorded for the three and six months ended June 30, 2026 and 2025. The Company’s U.S. operations incurred losses during the period, and a full valuation allowance has been recorded against its deferred tax assets. In Ireland, no income tax expense was recognized during the three and six months ended June 30, 2025, as available net operating loss carryforwards offset any taxable income, and the jurisdiction generated tax losses during the current periods. The Company had no uncertain tax positions as of June 30, 2026 and 2025.