v3.26.3
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income Tax (Benefit) Provision
The (benefit) provision for income taxes includes the following components:
Year ended December 31,20252024
Current (Benefit) Expense
Federal$(36)$255 
State(197)(3)
Total Current (Benefit) Expense(233)252 
Deferred Benefit
Federal(6,145)(1,278)
State(384)(148)
Total Deferred Benefit(6,529)(1,426)
Income Tax Benefit$(6,762)$(1,174)
Schedule of Effective Income Tax Rate Reconciliation
The following is a reconciliation between a federal income tax rate of 21% and the effective tax rate which is derived by dividing the Income tax benefit by the Net loss before taxes. As a result of adopting ASU 2023-09, the disaggregated
components for the year ended December 31, 2024 were recast to conform with the presentation for the year ended December 31, 2025.
Year ended December 31,
20252024
AmountPercentageAmountPercentage
Computed benefit for income taxes at the statutory rate$(1,414)21.0 %$(3,853)21.0 %
Increase (decrease) in income taxes resulting from:
Domestic state and local taxes, net of federal benefit(539)8.0 %(155)0.8 %
Changes in valuation allowances(4,771)70.9 %2,669 (14.5)%
Changes in uncertain tax positions(18)0.3 %1 — %
Nondeductible items98 (1.5)%159 (0.9)%
Adjustments related to the Supplemental Executive Savings Plan (SESP)(118)1.7 %5 — %
Benefit for income taxes$(6,762)100.4 %$(1,174)6.4 %
Schedule of Income Taxes Paid, Net of Refunds
The following are the income taxes paid, net of refunds received by the Company for the years ended December 31, 2025 and December 31, 2024.
December 31,20252024
Federal$33 $— 
Domestic state and local:
Pennsylvania(234)$(37)
Wisconsin(101)$(107)
Michigan(37)(33)
New York State(14)(77)
South Carolina1(45)
Illinois43(189)
Maine—(36)
Philadelphia—(37)
Other(66)(80)
Total income taxes paid, net of refunds received$(375)$(641)
The following table provides a schedule of the non-cash activities pertaining to the statements of cash flows for the years ended:
December 31, 2025December 31, 2024
Operating activities
Gains on Short-term and Long-term restricted investments (SESP)$507 $541 
Short-term and Long-term Deferred compensation liability (SESP)526581
Investing activities
Trade-date sale of securities$49,921 $— 
Right of use assets acquired under operating leases8701,493
The following table provides a reconciliation of all cash and cash equivalents and restricted cash reported in the consolidated balance sheets that sum to the total of those same amounts shown in the consolidated statements of cash flows:
December 31, 2025December 31, 2024
Cash and cash equivalents$13,517 $14,952 
Restricted cash590 667 
Total cash, cash equivalents, and restricted cash$14,107 $15,619 
Schedule of Deferred Tax Assets and Liabilities
The significant components of the Company's deferred tax assets and liabilities for the years ended December 31, 2025 and December 31, 2024 are as follows:
Year ended December 31,20252024
Deferred Tax Assets
Accruals and reserves not currently deductible$2,941 $4,048 
Federal NOL carryover
10,0215,363
State NOL carryovers2,5801,525
Capital loss carryover
320
Accrued and deferred compensation1,3153,190
Prepaid items207352
Lease liability78399
Contract liability—144
Deferred revenues—816
Unrealized loss on investments187827
Other93945
Subtotal before valuation allowance17,45417,609
Less: valuation allowance:
Valuation allowance - ordinary deferred tax assets
(2,121)(6,011)
Valuation allowance - capital deferred tax assets
(187)(827)
Total valuation allowance
(2,308)(6,838)
Total Deferred Tax Assets15,14610,771
Deferred Tax Liabilities
Property and equipment(8,672)(10,435)
Right-of-use asset(497)(887)
Other(5)(6)
Total Deferred Tax Liabilities(9,174)(11,328)
Net Deferred Income Tax Assets (Liabilities)$5,972 $(557)
Schedule of Unrecognized Tax Benefits A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2025 and December 31, 2024 is as follows:
December 31,20252024
Unrecognized tax benefits at the beginning of the year$48 $47 
Gross increases – current year tax provisions—$1 
Gross increases – prior year tax provisions—$— 
Gross decreases – prior year tax provisions(18)$— 
Unrecognized tax benefits at the end of the year$30 $48 
Interest and penalties in year-end balance$30 $48